XEROS TECHNOLOGY GROUP PLC

Declaration of Voting Results & Voting Rights Announcements • Apr 25, 2024

National Storage Mechanism | Additional information

RNS Number : 0833M

Xeros Technology Group plc

25 April 2024

For immediate release

25 April 2024

Xeros Technology Group plc

("Xeros", the "Group" or the "Company")

Results of General Meeting, Director Dealings and Total Voting Rights

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, is pleased to announce that further to the Company's announcement of 4 April 2024, at the General Meeting held earlier today the Resolutions proposed were duly passed by shareholders.

Full details of the Resolutions were set out in the Circular published by Xeros on 8 April 2024. The Circular is available for inspection in electronic form on the Company's website, www.xerostech.com.

Details of the proxies from Shareholders in respect of each of the Resolutions are set out below:

Resolution	For Number	%	Against Number	%	Withheld Number
Ordinary Resolution 1	114,672,023	92.44%	9,383,271	7.56%	121
Special Resolution 2	114,670,243	92.43%	9,385,051	7.57%	121

Notes:

1.    Percentages are expressed as a proportion of the total votes cast (which does not include votes withheld).

2.    A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" and "Against" a Resolution.

3.    Any proxy appointments which gave discretion to the Chairman have been included in the "For" totals.

The Conditional Placing, the Subscription and the Retail Offer remains conditional upon the Placing Agreement becoming unconditional in all respects and upon Second Admission, which is expected to occur on 26 April 2024. Details of the participation of certain board members in the Fundraising are set out below.

Total Voting Rights

Following Second Admission on 26 April 2024, the Company will have in issue 520,686,413 Ordinary Shares, with no shares held in treasury. Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.

This announcement should be read in conjunction with the full text of the Circular issued on 8 April 2024. All capitalised/defined terms used in this announcement and not otherwise defined shall have the meanings given to them in the Circular.

Enquiries:

Xeros Technology Group plc Neil Austin, Chief Executive Officer Alex Tristram, Finance Director	Tel: 0114 321 6328
Cavendish Capital Markets Limited (Nominated Adviser & Broker) Julian Blunt / Teddy Whiley / George Dollemore, Corporate Finance Andrew Burdis / Sunila de Silva, ECM	Tel: 020 7220 0500
Belevedere PR Cat Valentine / Keeley Clarke	Tel: 07715 769 078 / 07967 816 525

Notes for editors:

Xeros 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.

The notification below is made in accordance with the requirements of the EU regulation on market abuse which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018.

1

Details of the person discharging managerial responsibilities / person closely associated

a) 

Name

Klaas de Boer

2

Reason for the notification

a)

Position/status

Chairman

b)

Initial notification /Amendment 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Xeros Technology Group Plc

b)

LEI

2138009F3U39GVY7DG06

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 0.1p each ("Ordinary Shares")

GB00BMGYBJ57

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1.5p	3,333,333

d)

Aggregated information

- Aggregated volume

- Price

See 4c) above

e)

Date of the transaction

25 April 2024

f)

Place of the transaction

London Stock Exchange, AIM Market

1

Details of the person discharging managerial responsibilities / person closely associated

a) 

Name

Neil Austin

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Xeros Technology Group Plc

b)

LEI

2138009F3U39GVY7DG06

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 0.1p each ("Ordinary Shares")

GB00BMGYBJ57

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1.5p	666,666

d)

Aggregated information

- Aggregated volume

- Price

See 4c) above

e)

Date of the transaction

25 April 2024

f)

Place of the transaction

London Stock Exchange, AIM Market

1

Details of the person discharging managerial responsibilities / person closely associated

a) 

Name

Alex Tristram

2

Reason for the notification

a)

Position/status

Finance Director

b)

Initial notification /Amendment 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Xeros Technology Group Plc

b)

LEI

2138009F3U39GVY7DG06

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 0.1p each ("Ordinary Shares")

GB00BMGYBJ57

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1.5p	166,666

d)

Aggregated information

- Aggregated volume

- Price

See 4c) above

e)

Date of the transaction

25 April 2024

f)

Place of the transaction

London Stock Exchange, AIM Market

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