Additional Subscription Shares Timetable
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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 further to the announcement regarding additional subscription shares made on 20 June 2024, today marks the end of the first allotment period.
As noted in the previous announcement, the Company will allot the new Ordinary Shares pursuant to valid exercises received every two weeks ("Allotment Period"). In order for exercises to be included in any given Allotment Period, they should be completed and with the Company such that they are received by no later than 12 noon on the second Thursday of that Allotment Period. If they are received after this time they will be included in the following Allotment Period. Holders will be notified if this is the case. The first Allotment Period has just closed and ran from 20 June 2024 until 4 July 2024. A timetable of all future Allotment Period closing dates is included below.
A llotment Period closing d ates
| 04/07/2024 | 24/10/2024 |
| 18/07/2024 | 07/11/2024 |
| 01/08/2024 | 21/11/2024 |
| 15/08/2024 | 05/12/2024 |
| 29/08/2024 | 19/12/2024 |
| 12/09/2024 | 02/01/2025 |
| 26/09/2024 | 16/01/2025 |
| 10/10/2024 | 31/01/2025 |
The Company does not intend to make an announcement at the end of an Allotment Period where no exercises were made. The above timetable should therefore be referenced by holders of Additional Subscription Shares going forward.
Settlement of valid exercise notices for each Allotment Period will take place as follows:
- Trade Time and Date: 0800 on the next following Monday (after the end of the relevant Allotment Period (or next following business day if such day is a Bank Holiday);
- Settlement Date: 2 business days after the Trade Date determined, as per a) above.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.