Xeros Tech Grp plc - Application for Block Listing
Application has been made to the
The block listing consists of:
12,000,000 Ordinary Shares of 0.15p each under the
Admission of the shares is expected to take place on
Following Admission, the Company will have 1,996,111,556 ordinary shares each in issue. There are no shares held in treasury and thus the total number of voting rights in the Company will be 1,996,111,556.
Tel: 0114 321 6328
finnCap Limited (Nominated Adviser, Broker)
Tel: 020 7220 0570
Notes to Editors
Xeros' patented XOrb™ technologies significantly reduce the amount of water used in the dyeing, finishing or laundering of soft substrates such as garments and fabrics. They enable the remaining water to become far more efficient and effective in either affixing or removing molecules, the result being improvements in economic, operational, product and sustainability outcomes. The Group is applying its technology in the fields of apparel manufacturing, tanning and commercial and domestic laundry.
Xeros' XDrum™ technology is a patented, simple, low cost machine drum design which enables XOrbs to be introduced into and subsequently removed from process cycles in Xeros' chosen fields. The design provides Original Equipment Manufacturers ('OEMs') with the ability to make simple and low-cost changes in their products to incorporate the Company's XOrb technology.
The Group has signed multiple license agreements for its XDrum and XOrb products in major commercial and domestic markets.
XFiltra™ is a proprietary in-machine filtration technology which prevents harmful microplastics, generated during washing cycles, from being released into the world's river and oceans. Microplastics released from synthetic clothing during laundering is one of the largest sources of primary microplastic pollution entering oceans every year.
For more information, please visit - http://www.xerostech.com/
This information is provided by RNS, the news service of the
Quick facts: Xeros Technology Group PLC
Market Cap: £29.71 m
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