Xeros Technology Group plc Director/PDMR Transactions (9766F)
November 10 2022 - 2:22AM
UK Regulatory
TIDMXSG
RNS Number : 9766F
Xeros Technology Group plc
10 November 2022
10 November 2022
Xeros Technology Group plc
("Xeros", the "Group" or the "Company")
Director/PDMR Transactions
As contemplated at the time of the fundraising announced on 30
September 2022 ("Fundraising") the Remuneration Committee has today
granted the following new options over ordinary shares of 0.1p each
("Ordinary Shares") to Neil Austin, Chief Executive Officer, and
Paul Denney, Chief Financial Officer, under the terms of the Xeros
Technology Group plc 2020 Share Option Scheme. The exercise price
is fixed at 5p per share, being the issue price of the
Fundraising:
Options over Ordinary Shares
Neil Austin 4,529,403
Paul Denney 1,582,774
The options granted to Neil Austin are EMI share options and the
options granted to Paul Denney are unapproved options. These new
options will be exercisable in tranches of one third each on the
first, second and third anniversaries of the award.
David Armfield, Non-Executive Director, subscribed for 242,857
Ordinary Shares in the open offer linked to the Fundraising taking
his aggregate holding to 292,857 Ordinary Shares, representing 0.19
per cent. of the Company's issued share capital.
Further details of these transactions are set out below.
Enquiries:
Xeros Technology Group plc Tel: 0114 321 6328
Neil Austin, Chief Executive Officer
Paul Denney, Chief Financial Officer
finnCap Limited (Nominated Adviser & Broker) Tel: 020 7220 0500
Julian Blunt / Teddy Whiley / George Dollemore,
Corporate Finance
Andrew Burdis / Sunila de Silva, ECM
Yellow Jersey PR Tel: 020 3004 9512
Sarah Hollins / Lilian Filips / Laurie Gellhorn
Notes for editors:
POWERED BY SCIENCE, XEROS CREATE TECHNOLOGIES ENGINEERED FOR THE
FUTURE
Born out of textile research and advancing new standards of
performance and responsibility, Xeros' technologies revolutionise
the way we make and clean our clothes, conserving water and
preventing waste. Designed to impact industries and people on a
global scale, Xeros transforms the performance, impact and
economics of the fashion and washing machine industry.
Xeros enables the scaling of its innovations and impact by
licencing its intellectual property to partners across the globe.
Their work has, to date, created 38 patent families.
Xeros' technologies are already in use in major global
industries, including commercial and home laundry and garment
manufacture. So far, these technologies have saved millions of
litres of water and could prevent billions of microfibres from
ending in our oceans.
TO THE POWER OF CHANGE
xerostech.com
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mr Neil Austin
-------------------------- ------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Xeros Technology Group Plc
-------------------------- ------------------------------------------
b) LEI 2138009F3U39GVY7DG06
-------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------
a) Description of the Options over Ordinary shares of 0.1p
financial instrument, each under terms of the Xeros Technology
type of instrument Group plc 2020 Share Option Scheme
Identification code exerciseable at 5p per share
n/a
-------------------------- ------------------------------------------
b) Nature of the transaction Grant of options.
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
n/a 4,529,403
----------
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume As in c) above
- Price n/a
-------------------------- ------------------------------------------
e) Date of the transaction 10 November 2022
-------------------------- ------------------------------------------
f) Place of the transaction Sheffield
-------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mr Paul Denney
-------------------------- ------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Xeros Technology Group Plc
-------------------------- ------------------------------------------
b) LEI 2138009F3U39GVY7DG06
-------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------
a) Description of the Options over Ordinary shares of 0.1p
financial instrument, each under terms of the Xeros Technology
type of instrument Group plc 2020 Share Option Scheme
Identification code exerciseable at 5p per share
n/a
-------------------------- ------------------------------------------
b) Nature of the transaction Grant of options.
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
n/a 1,582,774
----------
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume As in c) above
- Price n/a
-------------------------- ------------------------------------------
e) Date of the transaction 10 November 2022
-------------------------- ------------------------------------------
f) Place of the transaction Sheffield
-------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mr David Armfield
-------------------------- --------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------- --------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Xeros Technology Group Plc
-------------------------- --------------------------------------------
b) LEI 2138009F3U39GVY7DG06
-------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of the Ordinary shares of 0.1p each
financial instrument,
type of instrument
Identification code GB00BMGYBJ57
-------------------------- --------------------------------------------
b) Nature of the transaction Subscription via open offer to shareholders
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
5p 242,857
----------
-------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume As in c) above
- Price n/a
-------------------------- --------------------------------------------
e) Date of the transaction 21 October 2022
-------------------------- --------------------------------------------
f) Place of the transaction Off market
-------------------------- --------------------------------------------
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END
DSHFIFFTLILILIF
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