Results of Warrant Holder Meeting
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Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, confirms that at today's meeting of warrant holders, the resolution to approve the amendment to the terms of the warrants as described in the Company's announcement of 4 December 2023 was duly passed.
Given that warrants are held by:
| 1) | current directors (or directors within the last 12 months), being Klaas de Boer, Neil Austin, Rachel Nooney and Paul Denney; and |
| 2) | certain substantial shareholders, within the meaning of the AIM Rules for Companies ("AIM Rules"), being Entrepreneurs Fund LP and Canaccord Genuity Wealth Management, holders of respectively 23.7 per cent. and 14.3 per cent of the Company's issued ordinary share capital |
the amendments to the warrants are deemed to be a related party transaction for the purposes of the Aim Rules. The independent director for these purposes, being David Armfield, having consulted with Cavendish (as the Company's nominated adviser), considers that the terms of the amendments to the warrants are fair and reasonable insofar as the Company's Shareholders are concerned.
Warrant holders now have until 5.00 pm on 31 January 2024 to exercise any warrants held by them.
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