Business
ISSUE OF SHARES
ISSUE OF SHARES.
About this update from Xeros Technology Group Plc
[{"type":"text","content":"\n \nRNS Number : 8251H Xeros Technology Group plc 22 May 2014 \n \n\n22 May 2014\nXeros Technology Group plc\n(\"Xeros\" or the \"Company\")\nISSUE OF SHARES\n \nThe Company has issued and allotted 100,000 new ordinary shares pursuant to the exercise of options at an exercise price of 10.8 pence per ordinary share. \n \nAccordingly, application has been made for the 100,000 new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 28 May 2014. \n \nThe new ordinary shares will rank pari passu with the existing shares of the Company. \n \nFollowing Admission, the Company's enlarged issued share capital will comprise 65,173,549 ordinary shares with one voting right per share. No shares are held in Treasury. The total number of voting rights in the Company is therefore 65,173,549.\n \nThis figure of 65,173,549 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. \n \nFor further information, please contact:\n \n\n\n\n\nXeros Technology Group plc\n\n\nVia Newgate\n\n\n\n\nBill Westwater, Chief Executive Officer \nChris Hanson, Finance Director\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJefferies International (Nominated Adviser)\n\n\nTel: 020 7029 8000\n\n\n\n\nSimon Hardy\nHarry Nicholas\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNewgate Communications (Financial PR)\n\n\nTel: 020 7680 6550\n\n\n\n\nJames Benjamin\nMadeleine Palmstierna\nGeorgia Lewis\n\n\[email protected]\n\n\n\n\n \nFurther information on the Group can be found on the Company's website: www.xeroscleaning.com \n \nAbout Xeros\nXeros has developed a patented polymer bead cleaning system with multiple identified potential commercial applications. The Group has targeted the commercial laundry market and has begun the roll-out of 25kg capacity washing machines which exclusively use Xeros' patented polymer bead cleaning system. In trials with customers, this system has been shown to achieve superior cleaning performance as well as material reductions in water, energy and chemical usages compared to conventional commercial laundry methods. The Xe...