20 Dec 2018 10:30
20 December 2018
Xeros Technology Group plc
Director/PDMR Transactions
Following the Company's General Meeting on 19 December 2018, at which all resolutions were passed, Mark Nichols, Chief Executive Officer and Paul Denney, Chief Financial Officer, of Xeros Technology Group plc (AIM: XSG, 'the Company', 'Xeros'), have each purchased 500,000 ordinary shares of 0.15p each in the capital of the Company ("Ordinary Shares") at 10p, as part of the Company's Placing announced on 29 November 2018.
Following the issue of shares, Mark Nichols and Paul Denney will be interested in 500,000 Ordinary Shares each, with each representing approximately 0.2% of the issued share capital of the Company.
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
|
500,000
£50,000
| ||||
e)
| Date of the transaction
| 19 December 2018 | ||||
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
|
500,000
£50,000
| ||||
e)
| Date of the transaction
| 19 December 2018 | ||||
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
|
Jefferies International Limited (Nominated Adviser, Joint Broker and Joint Bookrunner) Simon Hardy / Will Soutar
| Tel: 020 7029 8000 |
Berenberg (Joint Broker and Joint Bookrunner) Chris Bowman / Ben Wright / Laure Fine
| Tel: 020 3207 7800 |
Instinctif Partners Adrian Duffield / Chantal Woolcock / James Gray
| Tel: 020 7457 2020 |
Notes to Editors
Xeros Technology Group plc (AIM: 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 and to increase the efficiency in either affixing or removing molecules from substrates such as fabrics and garments. Adoption of the technology drives significant economic, operational and sustainability outcomes.
Xeros current portfolio of applications are within the areas of garment finishing (Textile Technologies), tanning (Tanning Technologies under the "Qualus" brand) and cleaning/laundry (Cleaning Technologies). The cleaning/laundry business of the Company covers domestic laundry, commercial laundry (under the "Hydrofinity" brand) and the cleaning of high performance workwear (under the "Marken" brand).
For more information, please visit - http://www.xerostech.com/
Xeros Tech (XSG)