Xeros Technology Group plc Directorate Change (4140L)
03 October 2016 - 5:00PM
UK Regulatory
TIDMXSG
RNS Number : 4140L
Xeros Technology Group plc
03 October 2016
3 October 2016
Xeros Technology Group plc
Paul Denney appointed CFO
Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the
developer and provider of patented polymer bead systems with
multiple commercial applications, announces the appointment of Paul
Denney as Chief Financial Officer with immediate effect.
Paul has built a strong track record in international corporate
finance with businesses operating in the public markets and under
private equity ownership. He established his career in financial
management with US-based IT outsourcing business, Electronic Data
Systems Inc. (now part of Hewlett Packard), working in the UK,
Spain and Latin America.
His two most significant recent roles were within high growth
environments at Experian plc and at Callcredit Information Group.
These roles encompassed organic and inorganic development both in
the UK and overseas. Paul is a qualified accountant and has an MBA
from the London Business School.
Mark Nichols, Chief Executive of Xeros, said:
"Paul brings key financial and commercial skills to Xeros, which
we now need as we look to accelerate the commercialisation of our
bead technology across multiple global industries. His experience
will be highly valuable as we grow both in our own right and with
industry partners on a multi-national basis."
Enquiries:
Xeros Technology Group plc Tel: 0114
Mark Nichols, Chief Executive 321 6328
Officer
Jefferies International Limited Tel: 020 7029
(Nominated Adviser and Joint Broker) 8000
Simon Hardy / Harry Nicholas
Berenberg (Joint Broker) Tel: 020 3207
Chris Bowman / Ben Wright / Amritha 7800
Murali
Instinctif Partners Tel: 020 7457
Adrian Duffield / Helen Tarbet 2020
/ James Gray
Additional Information
In accordance with the AIM Rules, the following information
required to be disclosed in relation to Paul Denney is set out
below. Other than this information, there is no further information
required to be disclosed under paragraph (g) of Schedule Two of the
AIM Rules.
Full name and age
Paul Michael Denney, aged 50
Current beneficial shareholding in the Group
Current Directorships
PMD ADVISORY LIMITED (Companies House Reg: 10279768)
Appointed 15 July 2016
WRITING EAST MIDLANDS C.I.C. (Companies House Reg: 06459299)
Appointed 23 July 2009; resigned 18 June 2014; re-appointed 7
March 2016.
WRITING SCHOOL EAST MIDLANDS LTD (Reg: 08123628) appointed 28
June 2012; resigned 18 June 2014; re-appointed 7 March 2016.
Former Directorships (previous five years)
GRANGEPAUL CONSULTING LIMITED (06819315). Company formed on 13
Feb 2009 to allow me to operate as a self-employed
contractor/consultant. Company dissolved on 10 July 2012.
Notes to Editors
Xeros Technology Group plc (LN: XSG) is a platform technology
company that is reinventing water intensive industrial and
commercial processes by replacing water with polymer bead
technologies. Its patented technologies have the capacity to
provide material economic, operational and sustainability
improvements that are unachievable with traditional processes. The
Group first applied its technology in the commercial laundry market
in advance of developing a system for use in the home.
Subsequently, it has demonstrated its technology in the leather
processing industry and its R&D teams are developing a number
of additional applications for other water intensive industrial and
commercial markets. The Group joined AIM in 2014 and in December
2015 raised gross proceeds of GBP40m by way of a placing to
accelerate the commercialisation of its innovative technology
across global laundry markets and to further develop its patented
technology for other identified industrial and domestic
processes.
For more information, please visit -
http://www.xeroscleaning.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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