Xeros Technology Group
plc
Total Voting
Rights
Xeros, the creator of technologies
that reduce the impact of clothing on the planet, announces that
further to the result of fundraising announcement of 4 April 2024,
the Company has issued 15,098,290 new ordinary shares of 0.1 pence
each ("Ordinary Shares") pursuant to the Firm Placing.
The Company's issued share capital
now consists of 224,995,142 Ordinary Shares with voting rights,
with no shares held in treasury. This figure may therefore be used
by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in, the Company's share capital
pursuant to (i) the Company's Articles, (ii) the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules and/or (iii)
the AIM Rules for Companies issued by the London Stock Exchange plc
as amended from time to time.
Enquiries:
|
Xeros Technology Group plc
Neil Austin, Chief Executive
Officer
Alex Tristram, Finance
Director
|
Tel: 0114 269
9656
|
|
Cavendish Capital Markets Limited (Nominated Adviser &
Broker)
Julian Blunt / Teddy Whiley / George
Dollemore, Corporate Finance
Andrew Burdis / Sunila de Silva,
ECM
|
Tel: 020 7220
0570
|
|
Belvedere PR
Cat Valentine
Keeley Clarke
|
xeros@belvederepr.com
Mob: 07715 769
078
Mob: 07967 816
525
|
The
same definitions apply throughout this announcement as are applied
in the announcements of 4 April 2024.
About
Xeros
Xeros 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,
Filtration, Finish, and
Care, 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 8 agreements in place. The
addressable markets in Filtration, Finish and Care are estimated to
be valued at £350m p.a., £132m p.a. and £3bn p.a.
respectively.
