1 May 2014
Xeros Technology Group plc
("Xeros" or the "Group")
Director / Senior Executive Share Purchases
Xeros Technology Group plc (AIM: XSG), the innovative developer of a patented polymer bead cleaning system with multiple identified commercial applications, has received notification of the following purchases of ordinary shares of 0.15 pence each:
Director |
Nature of transaction |
Date of dealing |
Amount (shares) |
Price (pence per share) |
Resultant interest (shares) |
Resultant interest (%) |
John Samuel, Chairman |
Purchase |
30 April 2014 |
25,000 |
99.00 |
1,454,966 |
2.24% |
Bill Westwater, Chief Executive |
Purchase |
30 April 2014 |
10,000 |
99.00 |
689,332 |
1.06% |
Chris Hanson, Finance Director |
Purchase |
30 April 2014 |
10,000 |
99.00 |
376,498 |
0.58% |
Senior Executive |
|
|
|
|
|
|
Joc Stuart-Grumbar, International Development Director |
Purchase |
30 April 2014 |
2,000 |
99.00 |
2,000 |
0.003% |
Charles Maltby, Engineering Director |
Purchase |
30 April 2014 |
1,000 |
99.00 |
1,000 |
0.002% |
For further information, please contact:
Xeros Technology Group plc |
Via Newgate |
Bill Westwater, Chief Executive Officer Chris Hanson, Finance Director |
|
|
|
Jefferies International (Nominated Adviser) |
Tel: 020 7029 8000 |
Simon Hardy Simon Dowker Harry Nicholas |
|
|
|
Newgate Communications (Financial PR) |
Tel: 020 7680 6550 |
James Benjamin Madeleine Palmstierna Georgia Lewis |
[email protected] |
Further information on the Group can be found on the Company's website: www.xeroscleaning.com
About Xeros
Xeros has developed a patented polymer bead cleaning system with multiple identified potential commercial applications. The Group has targeted the commercial laundry market and has begun the roll-out of 25kg capacity washing machines which exclusively use Xeros' patented polymer bead cleaning system. In trials with customers, this system has been shown to achieve superior cleaning performance as well as material reductions in water, energy and chemical usages compared to conventional commercial laundry methods. The Xeros proprietary polymer bead cleaning system also reduces the carbon footprint of the entire laundry process. In addition to the commercial laundry market, the Group's polymer bead technology has a range of potential applications in other industries including domestic laundry, leather processing, garment finishing and metal cleaning. The Group is currently in various stages of development and preparation for commercialisation of other identified applications, the most advanced of which is domestic laundry.
