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 Shares Traded Last Trade
  -1.50 -1.21% 122.00 16,069 10:23:47
Bid Price Offer Price High Price Low Price Open Price
120.00 124.00 123.50 122.00 123.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.39 -7.63 -45.12 29
Last Trade Time Trade Type Trade Size Trade Price Currency
16:39:26 O 1,000 120.00 GBX

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30/9/202111:54Xeros Technology Group plc3,184
04/2/202010:38Xeros Technology Group PLC 35

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Xeros Technology Daily Update: Xeros Technology Group Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker XSG. The last closing price for Xeros Technology was 123.50p.
Xeros Technology Group Plc has a 4 week average price of 114p and a 12 week average price of 114p.
The 1 year high share price is 330p while the 1 year low share price is currently 114p.
There are currently 23,746,058 shares in issue and the average daily traded volume is 4,489 shares. The market capitalisation of Xeros Technology Group Plc is £28,970,190.76.
nivison: I think another fundraise looks inevitable. That said the market cap was £48 million at £2 a share. Its now approx £33 million as I type at £1.40. So, (very simply I know) if that drop is all to do with a probable raise its pricing in a chunky one of £15 million. At £1.24 the cap drops below £30 million. The product looks good to me and seems to be well placed in a potentially massive market. There are opportunities here. Im not going to add any more just yet, but certainly not selling. The story is still compelling for me, a shame about the Covid delays.
beerboy02: The Radisson is a big future contract and is a thumbs up for the hotel trade in general the type of information they love to plaster on Web sites and bathroom walls.While this has been an extremely frustrating share to follow and money could have been better invested in the short to medium term im convinced in a long approach the company should do well.
nivison: your version of expensive and mine don't seem to correlate. Their 'low cost' industrial washing machine range sells for between five and fifteen thousand dollars. The top of the range stuff is far more expensive than that. yes the share price has dropped a lot since it used to be a very different beast (plus undergone a share consolidation). I'm far more interested in the future and its potential from here. your 'analysis' is the utter disgrace.
judge grinder: Thanks Glavey, your very first post on XSG is greatly appreciated. It doesn't sound as though XSG is for you. Moving along ... and on the bright side, the chart is showing strong signals of recovery from the recent downtrend from the highs in January. The 10 year monthly and weekly charts, clearly show the massive potential here.
nivison: my little 2040 share purchase is showing as a sell. no biggie - just saying.
jpuff: Maybe it's just those generous and loveable MM's giving everyone a golden opportunity to buy in cheaply today before they hike the share price towards the stratosphere on this excellent news.
wheeze: Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the developer and licensor of platform technologies which transform the sustainability and economics of clothing and fabrics during their lifetime, announces that its Chinese license partner, Jiangsu SeaLion Machinery Co., Ltd ("Sea-Lion") has today launched their Hydrology brand comprising a range of commercial washing machines incorporating Xeros' XOrb(TM) and XDrum(TM) technologies.
jangaman: Lol - so what is your game, I wonder? Are you trying to hold the price down whilst you build a position?
wilse5000: It should be neutral. As far as I understand, you end up with the same value of shares, but fewer of them. Share price will be 100 times higher, market cap remains unchanged. Belief is that the higher share price gives more credibility.
jpuff: Xeros Technology Group plc Proposed Share Capital ReorganisationSource: UK Regulatory (RNS & others)TIDMXSGRNS Number : 5859EXeros Technology Group plc09 November 20209 November 2020Xeros Technology Group plcProposed Share Capital ReorganisationXeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the developer and licensor of platform technologies which transform the sustainability and economics of clothing and fabrics during their lifetime, today announces a proposed share capital reorganisation ("Capital Reorganisation") of the existing ordinary share capital of the Company.The effect of the proposed Capital Reorganisation will be to reduce the number of issued ordinary shares of 0.15 pence each in the Company ("Ordinary Shares") by a multiple of 100 (the "Consolidation"), which is expected to increase the trading price of the resulting ordinary share proportionally.The Board considers the Capital Reorganisation to be in the best interests of the Company and its shareholders as a whole ("Shareholders"), as it believes that the Capital Reorganisation should improve the market liquidity of and trading activity in the Company's shares. The Directors believe that the existing share capital structure is no longer appropriate, as the high number of shares in issue combined with the relatively low price per share is thought to result in excess volatility and reduced liquidity in the Company's shares. By proceeding with the Capital Reorganisation, The Directors anticipate that the Capital Reorganisation should improve the liquidity and the marketability of the Company's shares with institutional investors in the UK and overseas.As it is proposed that all existing ordinary shares held in the Company be consolidated, the proportion of the issued ordinary share capital of the Company held by each Shareholder immediately before and after the Capital Reorganisation will remain relatively unchanged, other than for changes that may arise from the rounding for fractional entitlements.Implementation of the Capital Reorganisation requires the approval of Shareholders. This approval is being sought at a General Meeting of the Company ("GM"), which is scheduled to be held at 10:00 a.m. on 25 November 2020 at the offices of Squire Patton Boggs (UK) LLP at Premier Place, 2 & A Half Devonshire Square, London, EC2M 4UJ at which the resolution necessary to give effect to the Capital Reorganisation will be put to Shareholders.A circular ("Circular") containing the notice of GM, which provides details of the Capital Reorganisation, and Form of Proxy, is to be posted to Shareholders today. The Circular and notice of GM will also be made availableat the Company's website for the purposes of AIM Rule 26, www.xerostech.com. Further details in relation to the Share ConsolidationAs at 6 November 2020 (being the latest practicable date prior to the publication of this announcement), the Company had 1,994,088,097 Ordinary Shares in issue ("Existing Ordinary Shares"), with each share having a mid-market price at the close of business on such date (as derived from the Daily Official List) of 1.465 pence per share.The Capital Reorganisation will consist of the following steps:-- the Company intends to issue 3 further Ordinary Shares prior to the Record Date, so as to ensure that the total number of Ordinary Shares in issue immediately prior to completion of the Capital Reorganisation is exactly divisible by 100. The additional Ordinary Shares will be issued on 25 November 2020 at a subscription price per Ordinary Share of 1.465 pence (being the closing middle market price of an Ordinary Share on 6 November 2020, being the latest practicable date prior to publication of this announcement). As a result of this admission the number of existing Ordinary Shares in issue immediately prior to the GM will be 1,994,088,100.-- the Consolidation of every 100 Existing Ordinary Shares of 0.15 pence each into one New Ordinary Share of 15 pence each ("New Ordinary Shares").The Capital Reorganisation is anticipated to become effective at 6 p.m. on 25 November 2020. The New Ordinary Shares arising on implementation of the Capital Reorganisation will have the same rights as the Existing Ordinary Shares, including in respect of voting rights, entitlement to dividends and other rights. The issued share capital of the Company immediately following the Capital Reorganisation is expected to comprise 19,940,881 New Ordinary Shares, which will be equal to the number of Existing Ordinary Shares immediately prior to the Capital Reorganisation divided by 100.To reflect the Capital Reorganisation, the Board is proposing to reduce the number of shares that are subject to outstanding options ("Options") by a multiple of 100 and increase the option exercise price by the same multiple. This includes those shares which have been applied for under the Company's block admission ("Block Admission"). This would apply to any new Options that are issued after the date of this announcement and prior to the Record Date. Any fractional entitlement to shares will be rounded down. The overall amount payable by an Option holder looking to exercise his or her Option after the Capital Reorganisation will remain the same and the proportion of the issued share capital over which an Option is subsisting will also remain the same.Application will be made for the New Ordinary Shares to be admitted to trading on AIM. Dealings in the Existing Ordinary Shares will cease at close of business on the date of the GM and dealings in the New Ordinary Shares are expected to commence the following business day.Effect of the Capital ReorganisationFor purely illustrative purposes, examples of the effects of the Capital Reorganisation (should shareholders at the GM approve it) are set out below: Number of Existing Ordinary Shares held New Ordinary Shares following the Capital Reorganisation 99 0 ----------------------- 100 1 ----------------------- 1,100 11 ----------------------- The example below shows a holding of Existing Ordinary Shares which will be subject to a fractional entitlement, the value of which will depend on the market value of the New Ordinary Shares at the time of sale. Number of Existing New Ordinary Shares Fractional entitlement Ordinary Shares held following the Capital following the Capital Reorganisation Reorganisation 2,050 20 0.5 ----------------------- ----------------------- Further details on fractional entitlements to New Ordinary Shares is set out in the Circular to be sent to Shareholders today.Expected timetable of principal events Publication and posting of Circular to 9 November 2020 Shareholders Latest time and date for receipt of Forms 10:00 a.m. on 23 November of Proxy 2020 Additional 3 Ordinary Shares issued 8.00 a.m. on 25 November 2020 General Meeting 10:00 a.m. on 25 November 2020 Latest time and date for dealings in Existing 6:00 p.m. on 25 November Ordinary Shares 2020 Record Date 6:00 p .m. on 25 November 2020 Expected date on which New Ordinary Shares 8.00 a.m. on 26 November will be admitted to trading on AIM 2020 Expected date for CREST accounts to be 26 November 2020 credited with New Ordinary Shares in uncertificated form Expected date for dispatch of certificates Week commencing 30 November in respect of those New Ordinary Shares 2020 to be issued in certificated form Statistics relating to the Capital Reorganisation Existing Ordinary Shares in issue at the date of this document 1,994,088,097 Expected existing Ordinary Shares in issue immediately prior to the General Meeting 1,994,088,100 Conversion ratio of Existing Ordinary 100 Existing Ordinary Shares to New Ordinary Shares Shares: one New Ordinary Share Total expected number of New Ordinary Shares in issue following the Capital Reorganisation 19,940,881 ISIN code for the New Ordinary Shares GB00BMGYBJ57 SEDOL code for the New Ordinary Shares BMGYBJ5 Effect of COVID-19 regulations on the General MeetingIn light of the Covid-19 restrictions on gatherings, the Company strongly encourages all Shareholders to submit their Form of Proxy, appointing the Chairman of the GM as proxy. Voting on the resolutions will be by way of a poll rather than a show of hands. A poll ensures that the votes of Shareholders who are unable to attend the GM, but who have appointed proxies, are taken into account in the final voting results. Given the current restrictions on attendance in person, Shareholders are encouraged to appoint the chair of the meeting as their proxy rather than a named person who will not be permitted to attend the physical meeting. Shareholders are further asked to appoint the chair of the meeting as their proxy electronically where possible.Shareholders will find accompanying the Circular, a Form of Proxy, for use in connection with the GM. The Form of Proxy should be completed and returned in accordance with the instructions thereon so as to be received by the Company's Registrar Agents, Neville Registrars, as soon as possible and in any event not later 10:00 a.m. on 23 November 2020.RecommendationThe Directors consider that the Capital Reorganisation is in the best interests of the Company and its Shareholders as a whole. Accordingly, the Directors unanimously recommend that Shareholders vote in favour of the Resolutions to be proposed at the GM, as they intend to do in respect of their aggregate interests of 46,200,000 Existing Ordinary Shares (representing approximately 2.32 per cent. of the Existing Ordinary Shares).For more information, please contact:Enquiries: Xeros Technology Group plc Tel: 0114 321 6328 Mark Nichols, CEO Paul Denney, CFO www.xerostech.com finnCap Julian Blunt, Teddy Whiley (Corporate Finance) Andrew Burdis, Sunila de Silva (ECM) www.finncap.com +44 (0) 20 7220 0500 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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDCARVDLBBBFLXFBZ(END) Dow Jones NewswiresNovember 09, 2020 02:00 ET (07:00 GMT)
Xeros Technology share price data is direct from the London Stock Exchange
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