Last checked at 20 Nov 2019 10:00
20 November 2019
Xeros Technology Group plc
Director/PDMR Transactions & Total Voting Rights
Following completion today of the Placing and Open Offer announced on 31 October 2019 in which certain members of the Board participated at a price of 1p per ordinary share, the Company provides the following update regarding the holdings of the Directors:
Director | Number of Placing Shares acquired | Total number of Ordinary Shares held following the Placing & Open Offer | Percentage of Enlarged Issued Share Capital |
Mark Nichols | 5,000,000 | 5,500,000 | 0.70% |
David Armfield | 5,000,000 | 5,000,000 | 0.64% |
Paul Denney | 5,000,000 | 5,500,000 | 0.70% |
The total number of Ordinary Shares of 0.15p each in the capital of the Company in issue as at the day of this announcement is 783,746,747 with no shares held in treasury. Therefore the total voting rights in the Company is 783,746,747. This figure may be used by shareholders in the Company 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 share capital of the Company under the Disclosure and Transparency Rules.
Capitalised terms used in this announcement have the meanings given to them in the Circular published on 31 October 2019 unless the context otherwise requires.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mr 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
| Ordinary shares of 0.15p each
ISIN - GB00BJFLLV84
| ||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
5,000,000
£50,000
| ||||
e)
| Date of the transaction
| 19 November 2019 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mr 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
| Ordinary shares of 0.15p each
ISIN - GB00BJFLLV84
| ||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
5,000,000
£50,000
| ||||
e)
| Date of the transaction
| 19 November 2019 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mr David Armfield | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chairman | ||||
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
| Ordinary shares of 0.15p each
ISIN - GB00BJFLLV84
| ||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
5,000,000
£50,000
| ||||
e)
| Date of the transaction
| 19 November 2019 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||
Enquiries:
Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer
| Tel: 0114 321 6328
|
finnCap Limited (Nominated Advisor & Broker) Julian Blunt / Teddy Whiley, Corporate Finance
| Tel: 020 7220 0500 |
Instinctif Partners Adrian Duffield / Chantal Woolcock
| Tel: 020 7457 2020 |
Notes to Editors
Xeros Technology Group plc is a platform technology Group that is transforming water intensive industrial and commercial processes.
Xeros' patented XOrbTM technologies significantly reduce the amount of water used in the washing or dyeing of soft substrates such as garments and fabrics. It enables the remaining water to become far more efficient and effective in either affixing or removing molecules, the result being improvements in economic, operational, product and sustainability outcomes. The Group is applying its technology in the fields of cleaning, tanning and textiles.
Xeros' XDrumTM technology is a patented, simple, low cost machine drum design which enables XOrbs to be introduced into and subsequently removed from process cycles in Xeros' chosen markets. The design enables rotating drum machine Original Equipment Manufacturers ("OEMs") in the fields of garment manufacture and cleaning, the ability to make simple and low cost changes in their production lines to incorporate the Company's XOrbTM technology.
The Group has signed multiple agreements to develop and license its XDrumTM and XOrbTM products in major commercial and domestic markets.
XFiltraTM is a patented in-machine filtration technology which is designed to prevent harmful micro-plastics generated by washing cycles from being released into the aquacycle. Plastics released from synthetic clothing during washing cycles is one of the single largest sources of primary micro-plastic pollution. For more information, please visit - http://www.xerostech.com/