XEROS TECHNOLOGY GROUP PLC

AGM Information • Dec 28, 2017

National Storage Mechanism | Additional information

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RNS Number : 2044A

Xeros Technology Group plc

28 December 2017

28 December 2017

Xeros Technology Group plc

Result of General Meeting

Xeros Technology Group plc (AIM:XSG),  the developer and provider of patented polymer based technologies with multiple commercial applications, confirms that all resolutions were duly passed at the Company's General Meeting held earlier today. Accordingly, the Company is pleased to announce that it has, subject to Admission, successfully raised approximately £25 million. The proceeds will be used to accelerate commercialisation of the Group's portfolio of applications; and for continued investment in polymer science and engineering and the creation of intellectual property in support of commercialisation of applications.

The Placing Shares have been issued and allotted, conditional only on Admission to AIM. It is expected that the Placing Shares will be admitted to AIM and that dealings will commence on 29 December 2017. Following the Placing, the Company's Enlarged Share Capital will comprise 99,169,956 Ordinary Shares.

No Ordinary Shares are held in treasury. Accordingly, this figure of 99,169,956 Ordinary Shares may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Following Admission, the members of the Concert Party will have the following interests in Ordinary Shares.

	Ordinary Shares subscribed for under the Placing	Total number of Ordinary Shares following Admission	% of Enlarged Share Capital following Admission
Woodford	2,222,222	25,085,961	25.30%
RisingStars Growth Fund II	0	2,798,999	2.82%
Finance Yorkshire Seedcorn LP	0	2,249,665	2.27%
South Yorkshire Investment Fund	0	1,158,999	1.17%
TOTAL	2,222,222	31,293,624	31.56%

Capitalised terms used but not defined in this announcement have the meaning set out in the Circular dated 12 December 2017.

Enquiries:

Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer	Tel: 0114 321 6328
Jefferies International Limited (Nominated Adviser and Joint Broker) Simon Hardy / Will Soutar	Tel: 020 7029 8000
Berenberg (Joint Broker) Chris Bowman / Ben Wright / Laure Fine	Tel: 020 3207 7800
Instinctif Partners Adrian Duffield / Helen Tarbet / James Gray	Tel: 020 7457 2020

Notes to Editors

Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and consumer processes by reducing water and chemistry usage with its polymer technologies.  Its patented technologies have the capacity to provide material economic, operational and sustainability improvements that are unattainable with traditional processes.  The Group is currently exploiting its intellectual property in three areas: Cleaning Technologies, Tanning Technologies and Textile Technologies. Xeros has a number of agreements in place with such international organisations as Hilton and Wollsdorf Leder.

For more information, please visit - www.xerostech.com

This information is provided by RNS

The company news service from the London Stock Exchange

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