11 February 2025
Xeros Technology Group plc
('Xeros", the "Company" or the "Group")
Director/PDMR Shareholding
Xeros Technology Group plc (AIM: XSG), has been notified today that David Armfield, Non-executive director, purchased 2,600,000 ordinary shares of 0.1p each ("Ordinary Shares") at a price of 0.7602p per share, increasing his beneficial holding to 2,892,857 Ordinary Shares.
Further information is provided below in accordance with Article 19(3) of the UK Market Abuse Regulation No 596/2014:
Enquiries
| Xeros Technology Group plc Neil Austin, Chief Executive Officer Alex Tristram, Director of Finance
| 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 | |
| Rawlings Financial PR Limited Keeley Clarke Cat Valentine | Tel: 07967 816 525 Email: Xeros@rfpr.co.uk | |
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 eight 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.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | David Armfield | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Non-executive 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
GB00BMGYBJ57 | ||||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
2,600,000 0.7602p | ||||||
| e) | Date of the transaction | 10 and 11 February 2025 | ||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||
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