Xeros Technology Group plc Director/PDMR Transactions (9766F)

TIDMXSG

RNS Number : 9766F

Xeros Technology Group plc

10 November 2022

10 November 2022

Xeros Technology Group plc

("Xeros", the "Group" or the "Company")

Director/PDMR Transactions

As contemplated at the time of the fundraising announced on 30 September 2022 ("Fundraising") the Remuneration Committee has today granted the following new options over ordinary shares of 0.1p each ("Ordinary Shares") to Neil Austin, Chief Executive Officer, and Paul Denney, Chief Financial Officer, under the terms of the Xeros Technology Group plc 2020 Share Option Scheme. The exercise price is fixed at 5p per share, being the issue price of the Fundraising:

 
                           Options over Ordinary Shares 
      Neil Austin                             4,529,403 
       Paul Denney                            1,582,774 
 

The options granted to Neil Austin are EMI share options and the options granted to Paul Denney are unapproved options. These new options will be exercisable in tranches of one third each on the first, second and third anniversaries of the award.

David Armfield, Non-Executive Director, subscribed for 242,857 Ordinary Shares in the open offer linked to the Fundraising taking his aggregate holding to 292,857 Ordinary Shares, representing 0.19 per cent. of the Company's issued share capital.

Further details of these transactions are set out below.

Enquiries:

 
 Xeros Technology Group plc                         Tel: [phone] 
  Neil Austin, Chief Executive Officer 
  Paul Denney, Chief Financial Officer 
 finnCap Limited (Nominated Adviser & Broker)       Tel: [phone] 
  Julian Blunt / Teddy Whiley / George Dollemore, 
  Corporate Finance 
  Andrew Burdis / Sunila de Silva, ECM 
 Yellow Jersey PR                                   Tel: [phone] 
  Sarah Hollins / Lilian Filips / Laurie Gellhorn 
 

Notes for editors:

POWERED BY SCIENCE, XEROS CREATE TECHNOLOGIES ENGINEERED FOR THE FUTURE

Born out of textile research and advancing new standards of performance and responsibility, Xeros' technologies revolutionise the way we make and clean our clothes, conserving water and preventing waste. Designed to impact industries and people on a global scale, Xeros transforms the performance, impact and economics of the fashion and washing machine industry.

Xeros enables the scaling of its innovations and impact by licencing its intellectual property to partners across the globe. Their work has, to date, created 38 patent families.

Xeros' technologies are already in use in major global industries, including commercial and home laundry and garment manufacture. So far, these technologies have saved millions of litres of water and could prevent billions of microfibres from ending in our oceans.

TO THE POWER OF CHANGE

xerostech.com

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Mr Neil Austin 
     --------------------------  ------------------------------------------ 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
     --------------------------  ------------------------------------------ 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  ------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                        Xeros Technology Group Plc 
     --------------------------  ------------------------------------------ 
 b)   LEI                         2138009F3U39GVY7DG06 
     --------------------------  ------------------------------------------ 
      Details of the transaction(s): section to be repeated 
  4    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 0.1p 
       financial instrument,       each under terms of the Xeros Technology 
       type of instrument          Group plc 2020 Share Option Scheme 
       Identification code         exerciseable at 5p per share 
                                   n/a 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Grant of options. 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     n/a         4,529,403 
                                                ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
       - Aggregated volume          As in c) above 
       - Price                      n/a 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     10 November 2022 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    Sheffield 
     --------------------------  ------------------------------------------ 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Mr Paul Denney 
     --------------------------  ------------------------------------------ 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------- 
 a)   Position/status             Chief Financial Officer 
     --------------------------  ------------------------------------------ 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  ------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                        Xeros Technology Group Plc 
     --------------------------  ------------------------------------------ 
 b)   LEI                         2138009F3U39GVY7DG06 
     --------------------------  ------------------------------------------ 
      Details of the transaction(s): section to be repeated 
  4    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 0.1p 
       financial instrument,       each under terms of the Xeros Technology 
       type of instrument          Group plc 2020 Share Option Scheme 
       Identification code         exerciseable at 5p per share 
                                   n/a 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Grant of options. 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     n/a         1,582,774 
                                                ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
       - Aggregated volume          As in c) above 
       - Price                      n/a 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     10 November 2022 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    Sheffield 
     --------------------------  ------------------------------------------ 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Mr David Armfield 
     --------------------------  -------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------ 
 a)   Position/status             Non-Executive Director 
     --------------------------  -------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  -------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                        Xeros Technology Group Plc 
     --------------------------  -------------------------------------------- 
 b)   LEI                         2138009F3U39GVY7DG06 
     --------------------------  -------------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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 0.1p each 
       financial instrument, 
       type of instrument 
       Identification code         GB00BMGYBJ57 
     --------------------------  -------------------------------------------- 
 b)   Nature of the transaction   Subscription via open offer to shareholders 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                     5p         242,857 
                                               ---------- 

     --------------------------  -------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          As in c) above 
       - Price                      n/a 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     21 October 2022 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    Off market 
     --------------------------  -------------------------------------------- 
 

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November 10, 2022 03:22 ET (08:22 GMT)