Business
Grant of Options
Grant of Options.
About this update from Xeros Technology Group Plc
[{"type":"text","content":"\n\nXeros Technology Group plc\n \n('Xeros\", the \"Company\" or the \"Group\")\n \nGrant of Options\n \n \nXeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, announces that on 28 March 2025, the Board, following the recommendation from the Remuneration Committee, granted new share options (the \"Options\") over ordinary shares of 0.1 pence each (\"Ordinary Shares\") to Neil Austin, Chief Executive Officer, and Alexander Tristram, Finance Director, under the terms of the Xeros Technology Group plc 2020 Share Option Scheme and following the conclusion of the Group's Remuneration Committee process for 2024.\n \nFollowing this grant of Options, the Company has options in issue over 43,726,392 Ordinary Shares, representing approximately 8.4 per cent. of the Company's total issued share capital.\n \n\n\n\n\nDirector\n\n\nNumber of Options granted on 28 March 2025\n\n\nExercise Price\n\n\nTotal options held post issue\n\n\n\n\nNeil Austin\n\n\n1,301,716\n\n\n1.5p\n\n\n16,922,308\n\n\n\n\nAlexander Tristram\n\n\n724,540\n\n\n1.5p\n\n\n4,686,178\n\n\n\n\n \nThe Options issued to Neil Austin are granted as unapproved share options. The Options granted to Alexander Tristram are granted as EMI share options.\n \nAll new Options are exercisable at a price of 1.5 pence in tranches of one third each from the beginning of 2026, 2027 and 2028, respectively.\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 0500\n\n\n\n\nRawlings Financial PR Limited\nKeeley Clarke\nCat Valentine\n\n\n \nMob: 07967 816 525\nEmail: [email protected]\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 billions of litres of fresh water and large amounts of energy and chemicals, a...