RNS Number : 5128J
Xeros Technology Group plc
05 April 2024
 

Xeros Technology Group plc

Total Voting Rights

 

Xeros, the creator of technologies that reduce the impact of clothing on the planet, announces that further to the result of fundraising announcement of 4 April 2024, the Company has issued 15,098,290 new ordinary shares of 0.1 pence each ("Ordinary Shares") pursuant to the Firm Placing.

 

The Company's issued share capital now consists of 224,995,142 Ordinary Shares with voting rights, with no shares held in treasury. This figure may therefore be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to (i) the Company's Articles, (ii) the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and/or (iii) the AIM Rules for Companies issued by the London Stock Exchange plc as amended from time to time.

 

 

 Enquiries:

 

Xeros Technology Group plc

Neil Austin, Chief Executive Officer

Alex Tristram, Finance Director

 

Tel: 0114 269 9656

Cavendish Capital Markets Limited (Nominated Adviser & Broker)

Julian Blunt / Teddy Whiley / George Dollemore, Corporate Finance

Andrew Burdis / Sunila de Silva, ECM

 

Tel: 020 7220 0570

Belvedere PR

Cat Valentine

Keeley Clarke

xeros@belvederepr.com

Mob: 07715 769 078

Mob: 07967 816 525

 

The same definitions apply throughout this announcement as are applied in the announcements of 4 April 2024.

 

About Xeros

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.

 

 

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
 
 
TVRZZGGDLKMGDZG