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Share Name Share Symbol Market Type Share ISIN Share Description
Xeros Technology Group Plc LSE:XSG London Ordinary Share GB00BMGYBJ57 ORD 15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  15.00 6.98% 230.00 230.00 239.00 235.00 214.00 219.00 274,050 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 1.8 -18.5 -6.5 - 55

Xeros Technology Group plc Director/PDMR Transactions, Issue of Options

26/01/2021 9:30am

UK Regulatory (RNS & others)


Xeros Technology (LSE:XSG)
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TIDMXSG

RNS Number : 9018M

Xeros Technology Group plc

26 January 2021

26 January 2021

Xeros Technology Group plc

Director/PDMR Transactions, Issue of Options

The Remuneration Committee has today granted the following new options over Ordinary Shares to Mark Nichols and Paul Denney under the terms of the Xeros Technology Group plc 2020 Share Option Scheme:

 
                           Options over Ordinary Shares 
      Mark Nichols                              109,703 
      Paul Denney                                81,770 
 

10,657 of the options granted to Mark Nichols are awarded as EMI options with the balance of 99,046 options being granted as Unapproved share options. 65,614 of the options awarded to Paul Denney are EMI options with the balance of 16,156 options being granted as Unapproved share options.

These new options will be exercisable at a price of 175p in tranches of one third each from the beginning of each of 2022, 2023 and 2024, subject to the market price of Ordinary shares reaching, in each respective year (for at least 30 consecutive days) 275p, 375p and 475p. The exercise price and target market prices shown above are fixed by reference to the Xeros share price on January 1, 2021, reflecting the position at the end of the financial period to which the option awards pertain.

Enquiries :

 
 Xeros Technology Group plc                        Tel: 0114 321 
  Mark Nichols, Chief Executive Officer             6328 
  Paul Denney, Chief Financial Officer 
 finnCap Limited (Nominated Advisor & Broker)      Tel: 020 7220 
  Julian Blunt / Teddy Whiley, Corporate Finance    0500 
  Andrew Burdis / Sunila de Silva 
 

Notes to Editors

Xeros Technology Group plc has developed and licenses two platform technologies which transform the sustainability, performance and economics in the manufacturing and laundering of garments and fabrics.

Xeros' patented XOrbs(TM) which are used in conjunction with the company's XDrum(TM) technology significantly reduce the amount of water used in the dyeing, finishing or laundering of garments and fabrics. They enable the remaining water to become far more efficient and effective in either affixing or removing molecules, the result being improvements in economic, operational, product and sustainability outcomes. The Group is applying its technology in the fields of garment manufacturing, commercial and domestic laundry and tanning with its laundry applications increasing garment care and life.

Xeros' XDrum(TM) technology is a patented, low cost machine drum design which enables XOrbs to be introduced into and subsequently removed from process cycles in Xeros' chosen fields. The design provides Original Equipment Manufacturers with the ability to make simple changes to their products to incorporate the Company's XOrb technology.

The Group has signed multiple license agreements for its XDrum and XOrb products with leading OEMs in major commercial and domestic markets.

XFiltra(TM) is a proprietary in-machine filtration technology which prevents harmful microfibres including microplastics, generated during washing cycles, from being released into the world's river and oceans. Microplastics released from synthetic clothing during laundering is one of the largest sources of primary microplastic pollution entering our oceans every year.

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

 
 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          Options over Ordinary shares of GBP0.15 
       financial instrument,       each under terms of the Xeros Technology 
       type of instrument          Group plc 2020 Share Option Scheme 
       Identification code         n/a 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Grant of options. 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     n/a         109,703 
                                                ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
       - Aggregated volume          As in c) above 
       - Price                      n/a 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     26 January 2021 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    Sheffield 
     --------------------------  ------------------------------------------ 
 
 
 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          Options over Ordinary shares of GBP0.15 
       financial instrument,       each under terms of the Xeros Technology 
       type of instrument          Group plc 2020 Share Option Scheme 
       Identification code         n/a 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Grant of options 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     n/a         81,770 
                                                ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
       - Aggregated volume          As in c) above 
       - Price                      n/a 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     26 January 2021 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    Sheffield 
     --------------------------  ------------------------------------------ 
 

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 rns@lseg.com or visit www.rns.com.

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END

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January 26, 2021 04:30 ET (09:30 GMT)

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