Business
Change of Auditor
Change of Auditor.
About this update from Xeros Technology Group Plc
[{"type":"text","content":"\n\n18 September 2023\n \n \nXeros Technology Group plc\n \n('Xeros' or the 'Company' or the 'Group')\n \nChange of Auditor\n \n \nXeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, announces that following a competitive tender process led by the Audit Committee and the Board, it has approved the appointment of Crowe UK LLP (\"Crowe\") as the Company's Auditor with immediate effect. Crowe's re-appointment as auditor for the subsequent financial year will be formally proposed to shareholders at the Company's next Annual General Meeting in 2024.\n \nGrant Thornton UK LLP (\"Grant Thornton\") has been the Auditor for Xeros Technology Group plc since 2019 and the Company's Board of Directors extends its appreciation to Grant Thornton for their services. Grant Thorton has resigned as the Company's Auditor and has confirmed to the Company that there are no matters connected with ceasing to hold office that need to be brought to the attention of the members or creditors of the Company for the purposes of section 519 of the Companies Act 2006.\n \nEnquiries:\n \n\n\n\n\nXeros Technology Group plc\nNeil Austin, Chief Executive Officer\nAlex Tristram, Director of Finance\n \n \n\n\nTel: 0114 269 9656\n \n\n\n\n\nCavendish Capital Markets Limited (Nominated Adviser and Broker)\nJulian Blunt/Teddy Whiley, Corporate Finance\nAndrew Burdis/Sunila de Silva, ECM\n \n\n\nTel: 020 7220 0570\n \n \n \n \n\n\n\n\nBelvedere PR\nCat Valentine\nKeeley Clarke\n\n\[email protected]\nMob: 07715 769 078\nMob 07967 816 525\n \n\n\n\n\n \nAbout Xeros\n \nXeros Technology plc has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes.\n \nIn industrial and domestic laundry and garment manufacturing, traditional wet processing methods use billions of litres of fresh water, large amounts of energy and chemicals, damage and weaken fibres, and create environmental pollution. It is estimated that washing machines contribute 35% of the 171 trillion microplastic particles in the ocean.\n \nA range of actors, including consumers, the media NGOs and regulators are exerting pressure on these indust...