4
July 2024
Xeros Technology Group
plc
("Xeros",
the "Company" or the "Group")
Additional Subscription
Shares Timetable
Xeros Technology Group plc (AIM:
XSG), the creator of technologies that reduce the impact of
clothing on the planet, confirms that further to the announcement
regarding additional subscription shares made on 20 June 2024,
today marks the end of the first allotment period.
As noted in the previous
announcement, the Company will allot the new Ordinary Shares
pursuant to valid exercises received every two weeks ("Allotment
Period"). In order for exercises to be included in any given
Allotment Period, they should be completed and with the Company
such that they are received by no later than 12 noon on the second
Thursday of that Allotment Period. If they are received after this
time they will be included in the following Allotment Period.
Holders will be notified if this is the case. The first Allotment
Period has just closed and ran from 20 June 2024 until 4 July 2024.
A timetable of all future Allotment Period closing dates is
included below.
|
Allotment Period closing dates
|
|
04/07/2024
|
24/10/2024
|
|
18/07/2024
|
07/11/2024
|
|
01/08/2024
|
21/11/2024
|
|
15/08/2024
|
05/12/2024
|
|
29/08/2024
|
19/12/2024
|
|
12/09/2024
|
02/01/2025
|
|
26/09/2024
|
16/01/2025
|
|
10/10/2024
|
31/01/2025
|
The Company does not intend to make
an announcement at the end of an Allotment Period where no
exercises were made. The above timetable should therefore be
referenced by holders of Additional Subscription Shares going
forward.
Settlement of valid exercise notices
for each Allotment Period will take place as follows:
a)
Trade Time and Date: 0800 on the next following
Monday (after the end of the relevant Allotment Period (or next
following business day if such day is a Bank
Holiday);
b)
Settlement Date: 2 business days after the Trade
Date determined, as per a) above.
Enquiries
|
Xeros Technology Group plc
Neil Austin, Chief Executive
Officer
Alex Tristram, Finance
Director
|
Tel: 0114
269 9656
|
|
Cavendish Capital Markets Limited (Nominated Adviser and
Broker)
Julian Blunt/Teddy Whiley, Corporate
Finance
Andrew Burdis/Sunila de Silva,
ECM
|
Tel: 020
7220 0500
|
|
Belvedere Communications
Cat Valentine
Keeley Clarke
|
xeros@belvederepr.com
Mob: 07715
769 078
Mob: 07967
816 525
|
|
|
|
|
About Xeros
Xeros Technology plc has developed
patented and proven, industry-leading technologies which reduce the
environmental impact of how industries make and care for
clothes.
The traditional wet processing
methods used in industrial and domestic laundry and garment
manufacturing consume billions of litres of fresh water and large
amounts of energy and chemicals, as well as damaging and weakening
clothing fibres and creating rising levels of environmental
pollution. It is estimated that washing machines contribute 35% of
the 171 trillion microplastic particles in the ocean.
A range of actors, including
consumers, the media NGOs and regulators are exerting pressure on
these industries, with legislative action beginning to be
taken.
Xeros' three main
technologies, Filtration, Finish, and Care, facilitate garment manufacturers,
industrial laundries, domestic washing machine manufacturers and
consumers, to reduce their environmental impact, whilst also
significantly improving efficiency in the process.
Xeros' model is to generate revenue
from licensing its technologies, generating royalties and the sale
of consumables. Currently there are 8 agreements in place. The
addressable markets in Filtration, Finish and Care are estimated to
be valued at £350m p.a., £132m p.a. and £3bn p.a.
respectively.
