Xeros Technology Group plc Directorate Change (3551K)
20 December 2022 - 11:56PM
UK Regulatory
TIDMXSG
RNS Number : 3551K
Xeros Technology Group plc
20 December 2022
This announcement contains inside information.
20 December 2022
Xeros Technology Group plc
('Xeros' or the 'Company' or the 'Group')
Directorate Change
Xeros Technology Group plc (AIM: XSG), the creator of
technologies that reduce the impact of clothing on the planet,
announces that David Baynes will be stepping down from the Board
with effect from 31 December 2022. As previously stated, the Board
intends to appoint a further independent Non-Executive Director and
that process remains ongoing.
In light of the above, David Armfield will become Chairman of
the Audit Committee. David Baynes has agreed to make himself
available to assist the Audit Committee through the FY22 audit
process to ensure an orderly handover.
Klaas de Boer, Chairman of Xeros commented:
"On behalf of the entire company, I want to thank David Baynes
for his very valuable contributions over the past four years, and
his ongoing support for the FY22 audit process. We will sorely miss
his quick wit, forensic analysis of numbers and probing questions,
and wish David all the best for his future."
Enquiries:
Xeros Technology Group plc Tel: 0114 321 6328
Neil Austin, Chief Executive Officer
Paul Denney, Chief Financial Officer
Tel: 020 7220 0500
finnCap Limited (Nominated Adviser & Broker)
Julian Blunt / Teddy Whiley, Corporate Finance
Andrew Burdis / Sunila de Silva, ECM
Yellow Jersey PR Tel: 020 3004 9512
Sarah Hollins / Lilian Filips / Annabelle
Wills
Notes to Editors
POWERED BY SCIENCE, XEROS CREATE TECHNOLOGIES ENGINEERED FOR THE
FUTURE
Born out of textile research and advancing new standards of
performance and responsibility, Xeros' technologies revolutionise
the way we make and clean our clothes, conserving water and
preventing waste. Designed to impact industries and people on a
global scale, Xeros transform the performance, impact and economics
of the fashion and washing machine industry.
Xeros enable the scaling of their innovations and impact by
licencing their intellectual property to partners across the globe.
Their work has, to date, created 38 patent families.
Xeros' technologies are already in use in major global
industries, including commercial and home laundry and garment
manufacture. So far, these technologies have saved millions of
litres of water and could prevent billions of microfibres from
ending in our oceans.
TO THE POWER OF CHANGE
xerostech.com
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END
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