31st Mar 2025 07:00
Xeros Technology Group plc
('Xeros", the "Company" or the "Group")
Grant of Options
Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, announces that on 28 March 2025, the Board, following the recommendation from the Remuneration Committee, granted new share options (the "Options") over ordinary shares of 0.1 pence each ("Ordinary Shares") to Neil Austin, Chief Executive Officer, and Alexander Tristram, Finance Director, under the terms of the Xeros Technology Group plc 2020 Share Option Scheme and following the conclusion of the Group's Remuneration Committee process for 2024.
Following this grant of Options, the Company has options in issue over 43,726,392 Ordinary Shares, representing approximately 8.4 per cent. of the Company's total issued share capital.
Director | Number of Options granted on 28 March 2025 | Exercise Price | Total options held post issue |
Neil Austin | 1,301,716 | 1.5p | 16,922,308 |
Alexander Tristram | 724,540 | 1.5p | 4,686,178 |
The Options issued to Neil Austin are granted as unapproved share options. The Options granted to Alexander Tristram are granted as EMI share options.
All new Options are exercisable at a price of 1.5 pence in tranches of one third each from the beginning of 2026, 2027 and 2028, respectively.
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 |
Mob: 07967 816 525 Email: [email protected] | |
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, Microfibre Filter, Laundry Care, and Garment Finishing, 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 Microfibre Filter, Laundry Care, and Garment Finishing are estimated to be valued at £350m p.a., £3bn p.a. and £132m p.a. respectively.
Further details of the PDMR dealing are included below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is 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 | Mr 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 £0.001 each
GB00BMGYBJ57 | ||||
b)
| Nature of the transaction | Grant of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price
|
n/a | ||||
e)
| Date of the transaction | 28 March 2025 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Mr Alexander 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 | Options over Ordinary shares of £0.001 each
GB00BMGYBJ57 | ||||
b)
| Nature of the transaction | Grant of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price
|
n/a | ||||
e)
| Date of the transaction
| 28 March 2025 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
Related Shares:
Xeros Tech