Xeros Technology Group plc Application for Block Listing (3051L)
January 11 2021 - 10:53AM
UK Regulatory
TIDMXSG
RNS Number : 3051L
Xeros Technology Group plc
11 January 2021
Xeros Technology Group plc
Application for Block Listing
Application has been made to the London Stock Exchange for a
block listing totaling 100,000 new ordinary shares of 15p each in
the capital of the Company ("New Ordinary Shares"). These New
Ordinary Shares are being reserved under a block admission and may
be issued in order to satisfy existing and future awards of
ordinary shares ("Ordinary Shares") under the Company's existing
Enterprise Management Incentive Scheme ("EMI") Share Option
Scheme.
The shares will be issued fully paid and will, upon issue, rank
pari passu in all respects with the Company's existing issued
Ordinary Shares. It is expected that admission will be effective
for the New Ordinary Shares on 15 January 2021.
The Company will announce the number of Ordinary Shares granted
and admitted to trading under the Block Admission every 6 months,
as required by the UK Listing Rules.
ENDS
Tel: 0114 321
Xeros Technology Group plc 6328
Mark Nichols, Chief Executive Officer
Paul Denney, Chief Financial Officer
finnCap Limited (Nominated Adviser, Broker) Tel: 020 7220
Julian Blunt / Teddy Whiley, Corporate Finance 0570
Andrew Burdis, ECM
Notes to Editors
Xeros Technology Group plc develops and licenses platform
technologies which transform the sustainability, performance and
economics of water intensive industrial and commercial
processes.
Xeros' patented XOrb(TM) technologies significantly reduce the
amount of water used in the dyeing, finishing or laundering of soft
substrates such as garments and fabrics. They enable the remaining
water to become far more efficient and effective in either affixing
or removing molecules, the result being improvements in economic,
operational, product and sustainability outcomes. The Group is
applying its technology in the fields of apparel manufacturing,
tanning and commercial and domestic laundry.
Xeros' XDrum(TM) technology is a patented, simple, low cost
machine drum design which enables XOrbs to be introduced into and
subsequently removed from process cycles in Xeros' chosen fields.
The design provides Original Equipment Manufacturers ('OEMs') with
the ability to make simple and low-cost changes in their products
to incorporate the Company's XOrb technology.
The Group has signed multiple license agreements for its XDrum
and XOrb products in major commercial and domestic markets.
XFiltra(TM) is a proprietary in-machine filtration technology
which prevents harmful microplastics, generated during washing
cycles, from being released into the world's river and oceans.
Microplastics released from synthetic clothing during laundering is
one of the largest sources of primary microplastic pollution
entering oceans every year.
For more information, please visit -
http://www.xerostech.com/
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END
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