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Xeros Technology Group plc issued an amendment on 05 June 2025, correcting the nominal value of its Ordinary Shares to 0.1 pence each in a previously released announcement. The Company applied to the London Stock Exchange for a block listing totalling 5,000,000 ordinary shares of 0.1p each. This block listing consists of 3,750,000 shares under the Enterprise Management Incentive Scheme and 1,250,000 shares under the unapproved share option scheme, with admission expected around 6 June 2025.
| Date | 5 Jun 2025 |
| Time | 10:11:27 |
| Category | Capital structure |
| ID | 6219L |
The following amendment has been made to the 'Application for Block Listing' announcement released on 4 June 2025 at 10:00 a.m. under RNS No 2735L
The nominal value of the Company's Ordinary Shares is corrected to 0.1 pence each.
All other details remain unchanged.
The full amended text is shown below.
Xeros Technology Group plc
('Xeros", the "Company" or the "Group")
Correction - 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 0.1p 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: [email protected] |
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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.