Last checked at 12 Feb 2019 07:00
12 February 2019
Xeros Technology Group plc
Directorate changes
Xeros Technology Group plc (AIM: XSG, 'Xeros', 'the Group'), the developer and provider of water saving technologies with multiple commercial applications, today announces that John Samuel has resigned as non-executive Chairman with immediate effect. David Armfield, who joined the Board in June 2018, has been appointed interim non-executive Chairman.
Separately David Baynes, a director of IP Group plc, joins the Board as a non-executive director today. He is a Chartered Accountant and will Chair the Audit Committee.
David Graham Baynes, aged 55, is currently Chief Operating Officer at IP Group plc and has been on its Board since March 2014. He was previously a co-founder and the CEO of AIM-listed Fusion IP plc and was also a co-founder, CEO and CFO of Toad plc (now 21st Century Technology plc). David also worked at Celsis International plc from its incorporation to its flotation on the full list of the London Stock Exchange and was previously CFO of Codemasters Limited, at the time, the UK's largest privately-owned games company.
David Armfield, interim non-executive Chairman, commented:
"On behalf of the Board, I would like to thank John for his considerable contribution as Chairman since the business listed in March 2014. It has progressed from early stage technology development to its current position of having multiple proprietary applications in the process of commercialisation. As he steps down in order to devote more time to his other executive and non-executive Board roles - we wish him well for the future. I would also like to welcome David to the Board who brings with him a huge amount of experience in growth companies, both private and public."
Enquiries:
Xeros Technology Group plc David Armfield, interim non-executive Chairman | Tel: 0114 321 6328
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Jefferies International Limited (Nominated Adviser and Joint Broker) Simon Hardy / Will Soutar | Tel: 020 7029 8000 |
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Berenberg (Joint Broker) Chris Bowman / Ben Wright / Laure Fine | Tel: 020 3207 7800 |
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Instinctif Partners Adrian Duffield / Kay Larsen / Chantal Woolcock
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AIM Rules for Companies Schedule 2 (g) information
David Baynes, holds or has held the following directorships in the five years preceding his appointment to the Xeros Technology Group Plc Board.
Current directorships:
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Director, IPG USA (LP) Limited | November 2018 - Present |
Director, Imperial Innovations Limited Director, Touchstone Innovations Investments Limited | February 2018 - Present February 2018 - Present |
Director, Imperial College Company Maker Limited | February 2018 - Present |
Director, Innovations Limited Partner Ltd | February 2018 - Present |
Director, Touchstone Innovations Plc | December 2017 - Present |
Director, IP2IPO Asia-Pacific Limited | February 2017 - Present |
Director, IP2IPO US Partners Limited | December 2016 - Present |
Director, IP2IPO Americas Limited | November 2016 - Present |
Director, IP2IPO Carry Partner Limited | September 2016 - Present |
Director, IP2IPO Portfolio (GP) Limited | September 2016 - Present |
Director, Top Technology Ventures Limited | August 2015 - Present |
Finance Director, IP2IPO FI Limited | September 2014 - Present |
Director, Intelligent Ultrasound Group Plc | August 2014 - Present |
Finance Director, IP2IPO Limited | April 2014 - Present |
Finance Director, North East Technology (GP) Limited | April 2014 - Present |
Finance Director, IP Venture Fund (GP) Limited | April 2014 - Present |
Director, IP Group Plc | March 2014 - Present |
Director, MedaPhor Limited | June 2010 - Present |
Director, Morvus | September 2010 - Present |
Director, Demasq Limited | April 2008 - Present |
Director, Phase Focus Limited | June 2006 - Present |
Director, Fusion IP Nottingham Limited | March 2008 - Present |
Director, Fusion IP Two Limited | March 2008 - Present |
Director, Fusion IP Cardiff Limited | November 2006 - Present |
Finance Director, Biofusion Licensing (Sheffield) Limited | September 2006 - Present |
Director, Fusion IP Limited | November 2004 - Present |
Director, Out Of The Blue Consulting Limited | March 2003 - Present |
Director, Fusion IP Sheffield Limited | January 2003 - Present |
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Previous directorships, last 5 years:
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Director, Arthurian Life Sciences Limited | July 2013 - July 2015 |
Director, Rhedyn Limited | March 2013 - March 2016 |
Director, Wound Genetics Limited | November 2012 - September 2016 |
Director, Proflu Limited | November 2012 - July 2016 |
Director, Wound Genetics Therapeutics Limited | November 2012 - September 2016 |
Director, Wound Genetics Prognostics Limited | November 2012 - September 2016 |
Director, Rheometrix Microsystems Limited | April 2012 - September 2016 |
Director, Perlemax Limited | January 2012 - September 2014 |
Director, Medipex Limited | April 2011 - September 2014 |
Director, Mesuro Limited | September 2008 - September 2014 |
Director, Magnomatics Ltd | June 2008 - November 2014 |
Director, Biohydrogen Limited | March 2007 - September 2016 |
Director, Alesi Surgical Limited | March 2007 - January 2017 |
Director, Medella Therapeutics Limited | February 2007 - June 2014 |
CEO, Mantelum Limited | June 2006 - September 2016 |
Director, Diurnal Limited | October 2005 - October 2014 |
David Baynes was a Director of CellTran Limited, which developed a skin treatment for burns and chronic wounds using a patient's living cells but went into administration in May 2008 after running out of funds for product development and distribution.
There are no further disclosures to be made under Schedule 2(g) of the AIM Rules for Companies.
Notes to Editors
Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes.
Xeros' uses its patented XOrbTM technologies to significantly reduce the amount of water used in a number of major applications with the remaining water becoming far more efficient in either affixing or removing molecules from substrates such as fabrics and garments. The result being significant improvements in economic, operational and sustainability outcomes.
Xeros has three divisions working in the garment finishing (Textile Technologies), tanning (Tanning Technologies, branded Qualus) and cleaning/laundry (Cleaning Technologies) markets. In cleaning/laundry, the company has three applications covering domestic laundry, commercial laundry (branded "Hydrofinity") and the cleaning of high-performance workwear (branded "Marken").
For more information, please visit - http://www.xerostech.com/