Result of GM, Director Dealings and TVR
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Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, is pleased to announce that further to the Company's announcement of 4 April 2024, at the General Meeting held earlier today the Resolutions proposed were duly passed by shareholders.
Full details of the Resolutions were set out in the Circular published by Xeros on 8 April 2024. The Circular is available for inspection in electronic form on the Company's website, www.xerostech.com.
Details of the proxies from Shareholders in respect of each of the Resolutions are set out below:
| Resolution | For Number | % | Against Number | % | Withheld Number |
|---|---|---|---|---|---|
| Ordinary Resolution 1 | 114,672,023 | 92.44% | 9,383,271 | 7.56% | 121 |
| Special Resolution 2 | 114,670,243 | 92.43% | 9,385,051 | 7.57% | 121 |
Notes:
- Any proxy appointments which gave discretion to the Chairman have been included in the "For" totals.
The Conditional Placing, the Subscription and the Retail Offer remains conditional upon the Placing Agreement becoming unconditional in all respects and upon Second Admission, which is expected to occur on 26 April 2024. Details of the participation of certain board members in the Fundraising are set out below.
Total Voting Rights
Following Second Admission on 26 April 2024, the Company will have in issue 520,686,413 Ordinary Shares, with no shares held in treasury. Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
This announcement should be read in conjunction with the full text of the Circular issued on 8 April 2024. All capitalised/defined terms used in this announcement and not otherwise defined shall have the meanings given to them in the Circular.
| a) | Name | Klaas de Boer | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chairman | ||||
| b) | Initial notification /Amendment | Initial Notification | ||||
| a) | Name | Xeros Technology Group Plc | ||||
| b) | LEI | 2138009F3U39GVY7DG06 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.1p each ("Ordinary Shares") GB00BMGYBJ57 | ||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | See 4c) above | ||||
| e) | Date of the transaction | 25 April 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Neil Austin | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification /Amendment | Initial Notification | ||||
| a) | Name | Xeros Technology Group Plc | ||||
| b) | LEI | 2138009F3U39GVY7DG06 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.1p each ("Ordinary Shares") GB00BMGYBJ57 | ||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | See 4c) above | ||||
| e) | Date of the transaction | 25 April 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Alex Tristram | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Finance Director | ||||
| b) | Initial notification /Amendment | Initial Notification | ||||
| a) | Name | Xeros Technology Group Plc | ||||
| b) | LEI | 2138009F3U39GVY7DG06 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.1p each ("Ordinary Shares") GB00BMGYBJ57 | ||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | See 4c) above | ||||
| e) | Date of the transaction | 25 April 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market |
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