XEROS TECHNOLOGY GROUP PLC

Remuneration Information • Jan 21, 2016

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RNS Number : 5626M

Xeros Technology Group plc

21 January 2016

21 January 2016

Xeros Technology Group plc

Deferred Annual Bonus Award

The Company announces that on 20th January 2016 an award was made to Mark Nichols, Chief Executive Officer and Chris Hanson, Chief Financial Officer, pursuant to the terms of the Company's Deferred Annual Bonus Plan.

Under the terms of the Deferred Annual Bonus Plan, Mark Nichols waived his entitlement to receive 20% of his annual cash bonus in return for an option over 11,396 ordinary shares of 0.15p each in the Company and Chris Hanson waived his entitlement to receive 20% of his annual cash bonus in return for a nominal cost option over 5,128 ordinary shares of 0.15p each in the Company (the "Deferred Allocation"). The number of shares comprising the Deferred Allocation (i.e. subject to option) was calculated by dividing the amount of cash bonus waived by the closing market value of the ordinary shares of the Company on the dealing day immediately prior to the date of the award. The Deferred Allocation option is not capable of exercise until the vesting date has been reached, which is three years from the date of the award. By participating in the Deferred Annual Bonus Plan Mark Nichols and Chris Hanson are entitled to receive a matching award at no additional cost (the "Matching Allocation"), being a nominal cost option over 22,792 and 10,256 ordinary 0.15p shares in the Company respectively. The Matching Allocation is not capable of exercise until the vesting date has been reached, which is three years from the date of award. Additionally, the Matching Allocation is not capable of exercise until the Company's share price has reached the following target prices and remained at those prices for at least 30 consecutive days:

Performance criteria

% Of Interest  To Vest	Share Price Criteria
33.33%	193p
33.33%	202p
33.33%	219p

Enquiries:

Xeros Technology Group plc                                                                              Via Instinctif Partners

Mark Nichols, Chief Executive Officer

Chris Hanson, Chief Financial Officer

Jefferies International Limited (Nominated Adviser)                                                Tel: 020 7029 8000

Simon Hardy / Harry Nicholas

Instinctif Partners (Financial PR)                                                                             Tel: 020 7457 2020

Helen Tarbet / James Gray

This information is provided by RNS

The company news service from the London Stock Exchange

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