XEROS TECHNOLOGY GROUP PLC

Share Issue/Capital Change • Jul 4, 2024

National Storage Mechanism | Additional information

RNS Number : 0457V

Xeros Technology Group plc

04 July 2024

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.

A llotment 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOEUPUGAMUPCGAW