Last checked at 30 Nov 2015 11:12
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN
30 November 2015
Xeros Technology Group plc
Results of General Meeting
Xeros Technology Group plc (AIM: XSG), the innovative developer of patented polymer bead systems with multiple identified commercial applications, announces that shareholders have approved all resolutions proposed at the General Meeting of the Company held on 30 November 2015, and the Placing has succeeded in raising approximately £40 million in total before expenses resulting in the issue of 17,777,778 new Ordinary Shares at a price of 225p per share.
The Placing Shares have been issued and allotted, conditional only on Admission to AIM. It is expected that the Placing Shares will be admitted to AIM and that dealings will commence on 1 December 2015. Following the Placing, the Company's enlarged issued ordinary share capital will comprise 83,403,990 ordinary shares of 0.15 pence each.
Terms used in this announcement have the same meanings given to them in the announcement of the Proposed Placing made at 7.00 a.m. on 12 November 2015.
Enquiries:
Xeros Technology Group plc Via Instinctif Partners
Mark Nichols, Chief Executive
Chris Hanson, Chief Financial Officer
Jefferies International Limited (Nomad and broker) Tel: 020 7029 8000
Simon Hardy / Harry Nicholas / Lee Morton
Instinctif Partners (Financial PR) Tel: 020 7457 2020
Adrian Duffield / Helen Tarbet / James Gray