26
January 2024
Xeros Technology Group
plc
('Xeros",
the "Company" or the "Group")
Exercise of
Warrants
and
Total Voting
Rights
Xeros Technology Group plc (AIM:
XSG), the creator of technologies that reduce the impact of
clothing on the planet, announces that further to the
amendments to the terms of the warrants to subscribe for ordinary
share of 0.1 pence each (respectively "Warrants" and "Ordinary
Shares"), as approved by warrant holders on 21 December 2023, the
Company has issued 12,450,041 new Ordinary Shares, following
receipt of valid notices of exercise at the amended Warrant
exercise price of 2.85 pence per share. The new Ordinary
Shares so issued will be admitted to trading on AIM by way of the
Company's existing block admission arrangements.
Warrant holders have until
5.00 pm on 31 January 2024 to exercise any
remaining Warrants held by them.
The Company's issued share capital
now consists of 164,935,363 Ordinary Shares with voting
rights, with no shares held in treasury. This figure may therefore
be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company's share
capital pursuant to (i) the Company's Articles, (ii) the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules and/or (iii) the AIM Rules for Companies issued by the London
Stock Exchange plc as amended from time to time.
Enquiries
Xeros Technology Group plc
Neil Austin, Chief Executive
Officer
Alex Tristram, Director of
Finance
|
Tel: 0114
269 9656
|
Cavendish Capital Markets Limited (Nominated Adviser and
Broker)
Julian Blunt/Teddy Whiley, Corporate
Finance
Andrew Burdis/Sunila de Silva,
ECM
|
Tel: 020
7220 0570
|
Belvedere PR
Cat Valentine
Keeley Clarke
|
xeros@belvederepr.com
Mob: 07715
769 078
Mob: 07967
816 525
|
|
| |
About Xeros
Xeros Technology plc has developed
patented and proven, industry-leading technologies which reduce the
environmental impact of how industries make and care for
clothes.
The traditional wet processing
methods used in industrial and domestic laundry and garment
manufacturing consume billions of litres of fresh water and large
amounts of energy and chemicals, as well as damaging and weakening
clothing fibres and creating rising levels of environmental
pollution. It is estimated that washing machines contribute 35% of
the 171 trillion microplastic particles in the ocean.
A range of actors, including
consumers, the media NGOs and regulators are exerting pressure on
these industries, with legislative action beginning to be
taken.
Xeros' three main technologies,
Filtration, Finish, and Care, facilitate garment manufacturers,
industrial laundries, domestic washing machine manufacturers and
consumers, to reduce their environmental impact, whilst also
significantly improving efficiency in the process.
Xeros' model is to generate revenue
from licensing its technologies, generating royalties and the sale
of consumables. Currently there are 8 agreements in place. The
addressable markets in Filtration, Finish and Care are estimated to
be valued at £350m p.a., £132m p.a. and £3bn p.a.
respectively.