Last checked at 18 Jan 2018 14:09
18 January 2018
Xeros Technology Group plc
Grant of Options
Xeros Technology Group plc (AIM: XSG, 'Xeros'), the developer and provider of polymer based technologies with multiple commercial applications announces that on 16 January 2018, the Board of Xeros granted share options over a maximum of 500,000 ordinary shares at an exercise price of 225 pence each to Mark Nichols, Chief Executive of the Company, and share options over a maximum of 300,000 ordinary shares at an exercise price of 225 pence each to Paul Denney, Chief Financial Officer, all under the terms of Xeros' existing share option schemes.
Following the grant of these options Mark Nichols has 2,000,000 options, and owns no other ordinary shares in the Company. Paul Denney now has 800,000 options, and owns no other ordinary shares in the Company.
Enquiries:
Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer | Tel: 0114 321 6328
|
Jefferies International Limited (Nominated Adviser and Joint Broker) Simon Hardy / Will Soutar
| Tel: 020 7029 8000 |
Berenberg (Joint Broker) Chris Bowman / Ben Wright / Amritha Murali
| Tel: 020 3207 7800 |
Instinctif Partners Adrian Duffield / Helen Tarbet / James Gray
| Tel: 020 7457 2020 |
Notes to Editors
Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes by reducing water and chemistry usage with its polymer technologies. Its patented technologies have the capacity to provide material economic, operational and sustainability improvements that are unattainable with traditional processes. The Group is currently exploiting its intellectual property in three areas: Cleaning Technologies, Tanning Technologies and Textile Technologies. Xeros has a number of agreements in place with such international organisations as BASF, Hilton and Wollsdorf Leder.
For more information, please visit - http://www.xerostech.com/
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mark Nichols | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Xeros Technology Group Plc | ||||
b)
| LEI
| 2138009F3U39GVY7DG06 | ||||
4
| Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument
Identification code
| Option over Ordinary shares of 0.15p each
GB00BJFLLV84
| ||||
b)
| Nature of the transaction
| Issue of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| Single transaction as in 4 c) above
| ||||
e)
| Date of the transaction
| 16 January 2018
| ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Paul Denney | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Xeros Technology Group Plc | ||||
b)
| LEI
| 2138009F3U39GVY7DG06 | ||||
4
| Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument
Identification code
| Option over Ordinary shares of 0.15p each
GB00BJFLLV84
| ||||
b)
| Nature of the transaction
| Issue of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| Single transaction as in 4 c) above
| ||||
e)
| Date of the transaction
| 16 January 2018
| ||||
f)
| Place of the transaction
| Outside a trading venue | ||||