This announcement contains inside information.
20 December 2022
Xeros Technology Group plc
('Xeros' or the 'Company' or the 'Group')
Directorate Change
Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, announces that David Baynes will be stepping down from the Board with effect from 31 December 2022. As previously stated, the Board intends to appoint a further independent Non-Executive Director and that process remains ongoing.
In light of the above, David Armfield will become Chairman of the Audit Committee. David Baynes has agreed to make himself available to assist the Audit Committee through the FY22 audit process to ensure an orderly handover.
Klaas de Boer, Chairman of Xeros commented:
"On behalf of the entire company, I want to thank David Baynes for his very valuable contributions over the past four years, and his ongoing support for the FY22 audit process. We will sorely miss his quick wit, forensic analysis of numbers and probing questions, and wish David all the best for his future."
Enquiries:
|
Xeros Technology Group plc Neil Austin, Chief Executive Officer Paul Denney, Chief Financial Officer
|
Tel: 0114 321 6328 |
|
finnCap Limited (Nominated Adviser & Broker) Julian Blunt / Teddy Whiley, Corporate Finance Andrew Burdis / Sunila de Silva, ECM
|
Tel: 020 7220 0500 |
|
Yellow Jersey PR Sarah Hollins / Lilian Filips / Annabelle Wills |
Tel: 020 3004 9512 |
Notes to Editors
POWERED BY SCIENCE, XEROS CREATE TECHNOLOGIES ENGINEERED FOR THE FUTURE
Born out of textile research and advancing new standards of performance and responsibility, Xeros' technologies revolutionise the way we make and clean our clothes, conserving water and preventing waste. Designed to impact industries and people on a global scale, Xeros transform the performance, impact and economics of the fashion and washing machine industry.
Xeros enable the scaling of their innovations and impact by licencing their intellectual property to partners across the globe. Their work has, to date, created 38 patent families.
Xeros' technologies are already in use in major global industries, including commercial and home laundry and garment manufacture. So far, these technologies have saved millions of litres of water and could prevent billions of microfibres from ending in our oceans.
TO THE POWER OF CHANGE