Xeros Technology Group plc Director/PDMR Transactions (1242L)

TIDMXSG

RNS Number : 1242L

Xeros Technology Group plc

20 December 2018

20 December 2018

Xeros Technology Group plc

Director/PDMR Transactions

Following the Company's General Meeting on 19 December 2018, at which all resolutions were passed, Mark Nichols, Chief Executive Officer and Paul Denney, Chief Financial Officer, of Xeros Technology Group plc (AIM: XSG, 'the Company', 'Xeros'), have each purchased 500,000 ordinary shares of 0.15p each in the capital of the Company ("Ordinary Shares") at 10p, as part of the Company's Placing announced on 29 November 2018.

Following the issue of shares, Mark Nichols and Paul Denney will be interested in 500,000 Ordinary Shares each, with each representing approximately 0.2% of the issued share capital of the Company.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Mr 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                              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               Ordinary shares of 0.15p each 
       financial instrument, 
       type of instrument 
                                        ISIN - GB00BJFLLV84 
       Identification code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the transaction        Purchase of Ordinary Shares 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          10p        500,000 
                                                    ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume               500,000 
 
 
       - Price                           GBP50,000 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          19 December 2018 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
     -------------------------------  ---------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Mr 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                              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               Ordinary shares of 0.15p each 
       financial instrument, 
       type of instrument 
                                        ISIN - GB00BJFLLV84 
       Identification code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the transaction        Purchase of Ordinary Shares 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          10p        500,000 
                                                    ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume               500,000 
 
 
       - Price                           GBP50,000 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          19 December 2018 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
     -------------------------------  ---------------------------------- 
 

Enquiries:

 
 Xeros Technology Group plc                      Tel: [phone] 
  Mark Nichols, Chief Executive Officer           6328 
  Paul Denney, Chief Financial Officer 
 Jefferies International Limited (Nominated      Tel: [phone] 
  Adviser, Joint Broker and Joint Bookrunner)     8000 
  Simon Hardy / Will Soutar 
 Berenberg (Joint Broker and Joint Bookrunner)   Tel: [phone] 
  Chris Bowman / Ben Wright / Laure Fine          7800 
 Instinctif Partners                             Tel: [phone] 
  Adrian Duffield / Chantal Woolcock / James      2020 
  Gray 
 

Notes to Editors

Xeros Technology Group plc (AIM: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes.

Xeros' uses its patented XOrb(TM) technologies to significantly reduce the amount of water used in a number of major applications and to increase the efficiency in either affixing or removing molecules from substrates such as fabrics and garments. Adoption of the technology drives significant economic, operational and sustainability outcomes.

Xeros current portfolio of applications are within the areas of garment finishing (Textile Technologies), tanning (Tanning Technologies under the "Qualus" brand) and cleaning/laundry (Cleaning Technologies). The cleaning/laundry business of the Company covers domestic laundry, commercial laundry (under the "Hydrofinity" brand) and the cleaning of high performance workwear (under the "Marken" brand).

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

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 [e-mail] or visit www.rns.com.

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December 20, 2018 05:30 ET (10:30 GMT)