Business
Exercise of Warrants and Total Voting Rights
Exercise of Warrants and Total Voting Rights.
About this update from Xeros Technology Group Plc
[{"type":"text","content":"\n\n26 January 2024\n \nXeros Technology Group plc\n('Xeros\", the \"Company\" or the \"Group\")\n \nExercise of Warrants\nand\nTotal Voting Rights\n \nXeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, announces that further to the amendments to the terms of the warrants to subscribe for ordinary share of 0.1 pence each (respectively \"Warrants\" and \"Ordinary Shares\"), as approved by warrant holders on 21 December 2023, the Company has issued 12,450,041 new Ordinary Shares, following receipt of valid notices of exercise at the amended Warrant exercise price of 2.85 pence per share. The new Ordinary Shares so issued will be admitted to trading on AIM by way of the Company's existing block admission arrangements.\n \nWarrant holders have until 5.00 pm on 31 January 2024 to exercise any remaining Warrants held by them.\n \nThe Company's issued share capital now consists of 164,935,363 Ordinary Shares with voting rights, with no shares held in treasury. This figure may therefore be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to (i) the Company's Articles, (ii) the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and/or (iii) the AIM Rules for Companies issued by the London Stock Exchange plc as amended from time to time.\n \nEnquiries\n \n\n\n\n\nXeros Technology Group plc\nNeil Austin, Chief Executive Officer\nAlex Tristram, Director of Finance\n \n\n\nTel: 0114 269 9656\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\nBelvedere PR\nCat Valentine\nKeeley Clarke\n\n\[email protected]\nMob: 07715 769 078\nMob: 07967 816 525\n\n\n\n\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 \nThe traditional wet processing methods used in industrial and domestic laundry and garment manufacturing consume billio...