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21 Jan 2015 17:45
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21 January 2015
Xeros Technology Group Plc
("Xeros" or "the Company")
Application for Block Listing
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Application has been made to the London Stock Exchange for a block listing totalling 2,063,166 ordinary shares of 0.15p each to trade on the London Stock Exchange. The shares shall rank equally with the existing issued shares of the Company.
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The block listing consists of:
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1,750,000 Ordinary Shares of 0.15p each under the Xeros Technology Group plc Enterprise Management Incentive Scheme; and 313,166 Ordinary Shares of 0.15p each under the Xeros Technology Group plc unapproved share option scheme.
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For further information, please contact:
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Xeros Technology Group plc | Via Newgate |
Bill Westwater, Chief Executive Officer Chris Hanson, Finance Director | |
Jefferies International (Nominated Adviser) | Tel: 020 7029 8000 |
Simon Hardy Harry Nicholas | |
Newgate Communications (Financial PR) | Tel: 020 7680 6550 |
Tim Thompson Madeleine Palmstierna Georgia Lewis | Email: xeros@newgatecomms.com |
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Further information on the Group can be found on the Company's website: www.xeroscleaning.com
About Xeros
Xeros has developed a patented polymer bead cleaning system with multiple identified potential commercial applications. The Group has targeted the commercial laundry market and has begun the roll-out of 25kg capacity washing machines which exclusively use Xeros' patented polymer bead cleaning system. In trials with customers, this system has been shown to achieve superior cleaning performance as well as material reductions in water, energy and chemical usages compared to conventional commercial laundry methods. The Xeros proprietary polymer bead cleaning system also reduces the carbon footprint of the entire laundry process. In addition to the commercial laundry market, the Group's polymer bead technology has a range of potential applications in other industries including domestic laundry, leather processing, garment finishing and metal cleaning. The Group is currently in various stages of development and preparation for commercialisation of other identified applications, the most advanced of which is domestic laundry.
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In May 2014, the Group at the Edison Awards 2014 in San Francisco won Bronze in the Energy/Sustainability category for its virtually waterless commercial laundry system and, on the same evening, the Group was named University Spin-Out of the Year at the New Energy & Cleantech Awards 2014 in London.
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