TIDMXSG
RNS Number : 4969T
Xeros Technology Group plc
25 March 2021
THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED HEREIN,
IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH
AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION WHERE TO
DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THAT JURISDICTION.
25 March 2021
Xeros Technology Group plc
Results of General Meeting & Total Voting Rights
Xeros Technology Group plc (AIM: XSG, 'the Company', 'Xeros'),
the developer and licensor of technologies which reduce the
environmental impact and cost of clothing and fabrics, is pleased
to announce that further to the Company's announcement of 5 March
2021, at the General Meeting held earlier today the Resolutions
proposed were duly passed by shareholders on a poll.
Full details of the Resolutions were set out in the Circular
published by Xeros on 8 March 2021. The Circular is available for
inspection in electronic form on the Company's website,
www.xerostech.com (subject to limitations).
Details of the proxies from Shareholders in respect of each of
the Resolutions are set out below:
Resolution For Number % Against % Withheld
Number Number
1. Authority to allot
Relevant Securities 10,066,063 99.996% 440 0.004% 794
2. Authority to dis-apply
statutory pre-emption
rights 10,065,696 99.992% 807 0.008% 794
Notes:
1. Percentages are expressed as a proportion of the total votes
cast (which does not include votes withheld).
2. A "vote withheld" is not a vote in law and is not counted in
the calculation of the proportion of the votes "For" and "Against"
a Resolution.
3. Any proxy appointments which gave discretion to the Chairman
have been included in the "For" totals.
The Placing remains conditional upon the Placing Agreement
becoming unconditional in all respects and upon Admission.
Admission of the New Ordinary Shares is expected to occur on 26
March 2021.
Total Voting Rights
Following Admission, the Company will have in issue 23,746,058
Ordinary Shares, with no shares held in treasury. Shareholders may
use this figure as the denominator by which they are required to
notify their interest in, or change to their interest in, the
Company under the Disclosure Guidance and Transparency Rules.
This announcement should be read in conjunction with the full
text of the Circular issued on 8 March 2021. All
capitalised/defined terms used in this announcement and not
otherwise defined shall have the meanings given to them in the
Circular.
Enquiries :
Xeros Technology Group plc Tel: 0114 321 6328
Mark Nichols, CEO
Paul Denney, CFO
www.xerostech.com
finnCap
Julian Blunt, Teddy Whiley (Corporate Finance)
Andrew Burdis, Sunila de Silva (ECM)
www.finncap.com +44 (0) 20 7220 0500
Notes to Editors
Xeros Technology Group plc has developed and licenses two
platform technologies which transform sustainability, performance
and economics in the manufacturing and laundering of garments and
fabrics.
Xeros' patented XOrbs(TM) which are used in conjunction with the
company's XDrum(TM) technology significantly reduce the amount of
water and chemistry used in the dyeing, finishing or laundering of
garments and fabrics. They increase the efficiency of these
processes which require molecules to be either affixed or removed
from substrates. In the case of laundry, they are proven to
significantly increase the life of clothes and fabrics. The results
being major improvements in economic, operational, product and
environmental outcomes.
Xeros' XDrum technology is a low-cost machine drum design which
enables XOrbs to be introduced into and subsequently removed from
process cycles. The design provides Original Equipment
Manufacturers with the ability to make simple changes to their
products to incorporate the Company's XOrb technology.
The Group has signed multiple license agreements for its XDrum
and XOrb technologies with leading OEMs in major commercial and
domestic markets.
XFiltra(TM) is the Company's proprietary washing machine
filtration technology which prevents harmful microfibres including
microplastics, generated during washing cycles, from being released
into the world's rivers and oceans. Microfibres released into the
environment from clothing and fabrics during their laundering,
being a major source of pollution in the environment and
contamination in the food chain.
finnCap, which is authorised and regulated in the United Kingdom
by the Financial Conduct Authority ("FCA"), are acting exclusively
for the Company and for no--one else in relation to the Placing,
and will not be responsible to any other person for providing the
protections afforded to their respective clients nor for providing
advice in connection with the matters contained in this
announcement.
No representation or warranty, express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by finnCap nor by any of their respective
affiliates, partners or agents (or any of their respective
directors, officers, employees or advisers), as to or in relation
to, the contents, accuracy or completeness of this announcement or
any other written or oral information made available to or publicly
available to any interested party or its advisers, or any other
statement made or purported to be made by or on behalf of finnCap
or any of their respective affiliates in connection with the
Company or the Placing, and any liability therefor is expressly
disclaimed.
FinnCap and each of their respective affiliates accordingly
disclaim all and any liability, whether arising in tort, contract
or otherwise (save as referred to above) in respect of any
statements or other information contained in this announcement.
This announcement does not identify or suggest, or purport to
identify or suggest, the risks (direct or indirect) that may be
associated with an investment in the Placing Shares. Any investment
decision to buy Placing Shares in the Placing must be made solely
on the basis of publicly available information, which has not been
independently verified by finnCap.
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END
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