Xeros Technology Group plc Grant of Options (2366V)

TIDMXSG

RNS Number : 2366V

Xeros Technology Group plc

26 January 2017

26 January 2017

Xeros Technology Group plc

Grant of Options

Xeros Technology Group plc ("Xeros" or the "Company") (AIM: XSG), the developer and provider of patented polymer based systems with multiple commercial applications, announces that on 25 January 2017, the Board of Xeros granted share options over a maximum of 250,000 ordinary shares at an exercise price of 210 pence each to Mark Nichols, Chief Executive of the Company, and share options over a maximum of 500,000 ordinary shares at an exercise price of 210 pence each to Paul Denney, Chief Financial Officer, all under the terms of Xeros' existing share option schemes.

Following the grant of these options Mark Nichols has 1,500,000 options, and owns no other ordinary shares in the Company. Paul Denney now has 500,000 options, and owns no other ordinary shares in the Company.

Enquiries:

 
 Xeros Technology Group plc              Tel: [phone] 
  Mark Nichols, Chief Executive           6328 
  Officer 
 Jefferies International Limited         Tel: [phone] 
  (Nominated Adviser and Joint Broker)    8000 
  Simon Hardy / Harry Nicholas 
 Berenberg (Joint Broker)                Tel: [phone] 
  Chris Bowman / Ben Wright / Amritha     7800 
  Murali 
 Instinctif Partners                     Tel: [phone] 
  Adrian Duffield / Helen Tarbet          2020 
  / James Gray 
 

Notes to Editors

Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes by reducing water and chemistry usage with its polymer technologies. Its patented technologies have the capacity to provide material economic, operational and sustainability improvements that are unattainable with traditional processes. The Group is currently exploiting its intellectual property in three areas: Cleaning Technologies, Tanning Technologies and Textile Technologies. Xeros has a number of agreements in place with such international organisations as Hilton and Wollsdorf Leder.

For more information, please visit - http://www.xeroscleaning.com/

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                       Mark Nichols 
---  -------------------------  ---------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status            Chief Executive Officer 
---  -------------------------  ---------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  ---------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------- 
 a)   Name                       Xeros Technology Group Plc 
---  -------------------------  ---------------------------- 
 b)   LEI 
---  -------------------------  ---------------------------- 
 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             Option over Ordinary shares 
       the financial              of 0.15p each 
       instrument, type 
       of instrument              GB00BJFLLV84 
 
       Identification 
       code 
---  -------------------------  ---------------------------- 
 b)   Nature of the              Issue of Options 
       transaction 
---  -------------------------  ---------------------------- 
 c)   Price(s) and volume(s)       Price(s)     Volume(s) 
                                   -----------  ---------- 
                                    210 pence    250,000 
                                   -----------  ---------- 
---  -------------------------  ---------------------------- 
 d)   Aggregated information     Single transaction as in 
                                  4 c) above 
                                   Price(s)     Volume(s) 
       - Aggregated volume        -----------  ---------- 
                                   210 pence    250,000 
                                  -----------  ---------- 
       - Price 
---  -------------------------  ---------------------------- 
 e)   Date of the transaction    25 January 2017 
---  -------------------------  ---------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  ---------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                       Paul Denney 
---  -------------------------  ---------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status            Chief Financial Officer 
---  -------------------------  ---------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  ---------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------- 
 a)   Name                       Xeros Technology Group Plc 
---  -------------------------  ---------------------------- 
 b)   LEI 
---  -------------------------  ---------------------------- 
 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             Option over Ordinary shares 
       the financial              of 0.15p each 
       instrument, type 
       of instrument              GB00BJFLLV84 
 
       Identification 
       code 
---  -------------------------  ---------------------------- 
 b)   Nature of the              Issue of Options 
       transaction 
---  -------------------------  ---------------------------- 
 c)   Price(s) and volume(s)       Price(s)     Volume(s) 
                                   -----------  ---------- 
                                    210 pence    500,000 
                                   -----------  ---------- 
---  -------------------------  ---------------------------- 
 d)   Aggregated information     Single transaction as in 
                                  4 c) above 
                                   Price(s)     Volume(s) 
       - Aggregated volume        -----------  ---------- 
                                   210 pence    500,000 
                                  -----------  ---------- 
       - Price 
---  -------------------------  ---------------------------- 
 e)   Date of the transaction    25 January 2017 
---  -------------------------  ---------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  ---------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHLLFLSLDIRFID

(END) Dow Jones Newswires

January 26, 2017 09:18 ET (14:18 GMT)