Xeros Tech Regulatory News (XSG)

4 July 2024

Xeros Technology Group plc

("Xeros", the "Company" or the "Group")

Additional Subscription Shares Timetable

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, confirms that further to the announcement regarding additional subscription shares made on 20 June 2024, today marks the end of the first allotment period.

As noted in the previous announcement, the Company will allot the new Ordinary Shares pursuant to valid exercises received every two weeks ("Allotment Period"). In order for exercises to be included in any given Allotment Period, they should be completed and with the Company such that they are received by no later than 12 noon on the second Thursday of that Allotment Period. If they are received after this time they will be included in the following Allotment Period. Holders will be notified if this is the case. The first Allotment Period has just closed and ran from 20 June 2024 until 4 July 2024. A timetable of all future Allotment Period closing dates is included below.

The Company does not intend to make an announcement at the end of an Allotment Period where no exercises were made. The above timetable should therefore be referenced by holders of Additional Subscription Shares going forward.

​

Settlement of valid exercise notices for each Allotment Period will take place as follows:

​

a) Trade Time and Date: 0800 on the next following Monday (after the end of the relevant Allotment Period (or next following business day if such day is a Bank Holiday);

​

b) Settlement Date: 2 business days after the Trade Date determined, as per a) above.

Enquiries

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.