Xeros Technology Group plc Appointment of non-executive director (2527Q)

TIDMXSG

RNS Number : 2527Q

Xeros Technology Group plc

05 June 2018

5 June 2018

Xeros Technology Group plc

Appointment of non-executive director

Xeros Technology Group plc (AIM:XSG), the developer and provider of polymer based technologies with multiple commercial applications, is pleased to announce the appointment of David Armfield as a non-executive director, effective immediately.

Mr Armfield, aged 56, is a Founding Partner and Director of FCA-authorised Kinetix Critchleys Corporate Finance LLP, which provides advisory services to companies in the Clean Technology and Resource Efficiency industries. Additionally, he is a non-executive director of The Alumasc Group Plc, a manufacturer of premium building products, systems and solutions,

Initially qualifying in law, Mr Armfield subsequently moved into corporate advisory, building a successful career at Lehman Brothers where he worked in Mergers & Acquisitions before becoming Co-Head of European Industrial coverage. He later moved to PriceWaterhouseCoopers, where he was a corporate finance partner and National Head of Industrial Products.

John Samuel, Chairman of Xeros, commented:

"We are delighted to welcome David to the Board. His wealth of experience across both corporate advisory and in the area of sustainability will further strengthen the Board as we pursue our commercialisation strategy."

Mr Armfield is also a director of David Armfield Ltd. There are no further disclosures to be made under Schedule 2(g) of the AIM Rules for Companies.

Enquiries:

 
 Xeros Technology Group plc              Tel: [phone] 
  Mark Nichols, Chief Executive           6328 
  Officer 
  Paul Denney, Chief Financial Officer 
 
 Jefferies International Limited         Tel: [phone] 
  (Nominated Adviser and Joint Broker)    8000 
  Simon Hardy / Will Soutar 
 
 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 BASF, Hilton and Wollsdorf Leder.

For more information, please visit: https://www.xerostech.com/

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June 05, 2018 02:01 ET (06:01 GMT)