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Xeros Technology Group plc announced on 04 June 2025 that it has applied to the London Stock Exchange for a block listing totalling 5,000,000 ordinary shares of 0.01p each. This block listing comprises 3,750,000 Ordinary Shares under the Enterprise Management Incentive Scheme and 1,250,000 Ordinary Shares under an unapproved share option scheme. Admission of these Ordinary Shares is expected to become effective on or around 6 June 2025.
| Date | 4 Jun 2025 |
| Time | 10:00:00 |
| Category | Capital structure |
| ID | 2735L |
Xeros Technology Group plc
('Xeros", the "Company" or the "Group")
Application for Block Listing
Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, announces that application has been made to the London Stock Exchange for a block listing totalling 5,000,000 ordinary shares of 0.01p each ("Ordinary Shares").
The block listing consists of 3,750,000 Ordinary Shares under the Xeros Technology Group plc Enterprise Management Incentive Scheme and 1,250,000 Ordinary Shares under the Xeros Technology Group plc unapproved share option scheme.
It is expected that admission of these Ordinary Shares issued under the Company's block listing will become effective on or around 6 June 2025. These Ordinary Shares will be allotted from time to time in accordance with the share awards under the Group's share option plans listed above, and will rank pari passu all existing Ordinary Shares in issue.
Enquiries
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Xeros Technology Group plc Neil Austin, Chief Executive Officer Alex Tristram, Finance Director
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Tel: 0114 269 9656 |
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Cavendish Capital Markets Limited (Nominated Adviser and Broker) Julian Blunt/Teddy Whiley, Corporate Finance Andrew Burdis/Sunila de Silva, ECM
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Tel: 020 7220 0500 |
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Rawlings Financial PR Limited Keeley Clarke Cat Valentine |
Mob: 07967 816 525 Email: Xeros@rfpr.co.uk |
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About Xeros
Xeros Technology plc has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes.
The traditional wet processing methods used in industrial and domestic laundry and garment manufacturing consume billions of litres of fresh water and large amounts of energy and chemicals, as well as damaging and weakening clothing fibres and creating rising levels of environmental pollution. It is estimated that washing machines contribute 35% of the 171 trillion microplastic particles in the ocean.
A range of actors, including consumers, the media NGOs and regulators are exerting pressure on these industries, with legislative action beginning to be taken.
Xeros' three main technologies, Microfibre Filter, Laundry Care, and Garment Finishing, facilitate garment manufacturers, industrial laundries, domestic washing machine manufacturers and consumers, to reduce their environmental impact, whilst also significantly improving efficiency in the process.
Xeros' model is to generate revenue from licensing its technologies, generating royalties and the sale of consumables. Currently there are eight agreements in place. The addressable markets in Microfibre Filter, Laundry Care, and Garment Finishing are estimated to be valued at £350m p.a., £3bn p.a. and £132m p.a. respectively.