Results of General Meeting and Director Dealings
Xeros Technology Group plc announced that all resolutions proposed at its General Meeting were duly passed by shareholders with overwhelming support, with Ordinary Resolution 1 and Special Resolution 2 both receiving 99.9% of votes cast. Following this, the Placing, Subscriptions, and Retail Offer remain conditional on the Placing Agreement becoming unconditional and Admission, expected on December 1, 2025. In related director dealings, Chairman Klaas de Boer purchased 1,428,571 ordinary shares at 1.75p, CEO Neil Austin bought 571,428 shares at 1.75p, Finance Director Alex Tristram acquired 85,714 shares at 1.75p, and Non-Executive Director David Armfield purchased 1,142,856 shares at 1.75p, all on November 28, 2025, on the London Stock Exchange's AIM Market.
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Results of General Meeting
and
Director Dealings
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 6 November 2025, 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 7 November 2025. 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 | 173,146,238 | 99.9 | 89,595 | 0.01 | 234,770 |
| Special Resolution 2 | 173,120,557 | 99.9 | 115,276 | 0.01 | 234,770 |
Notes:
- Any proxy appointments which gave discretion to the Chairman have been included in the "For" totals.
The Placing, Subscriptions and Retail Offer remain conditional upon the Placing Agreement becoming unconditional in all respects and upon Admission, which is expected to occur on 1 December 2025. Details of the participation of certain board members in the Fundraising are set out below.
The notification below is made in accordance with the requirements of the EU regulation on market abuse which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| 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 | 28 November 2025 | ||||
| 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 | 28 November 2025 | ||||
| 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 | 28 November 2025 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | David Armfield | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive 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 | 28 November 2025 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.