Director/PDMR Shareholding

RNS Number : 2981C

Xeros Technology Group plc

18 January 2018

 

 18 January 2018

Xeros Technology Group plc

Grant of Options

Xeros Technology Group plc (AIM: XSG, 'Xeros'), the developer and provider of polymer based technologies with multiple commercial applications  announces that on 16 January 2018, the Board of Xeros granted share options over a maximum of 500,000 ordinary shares at an exercise price of 225 pence each to Mark Nichols, Chief Executive of the Company, and share options over a maximum of 300,000 ordinary shares at an exercise price of 225 pence each to Paul Denney, Chief Financial Officer, all under the terms of Xeros' existing share option schemes.

Following the grant of these options Mark Nichols has 2,000,000 options, and owns no other ordinary shares in the Company. Paul Denney now has 800,000 options, and owns no other ordinary shares in the Company.

Enquiries:

Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer	Tel: [phone]
Jefferies International Limited (Nominated Adviser and Joint Broker) Simon Hardy / Will Soutar	Tel: [phone]
Berenberg (Joint Broker) Chris Bowman / Ben Wright / Amritha Murali	Tel: [phone]
Instinctif Partners Adrian Duffield / Helen Tarbet / James Gray	Tel: [phone]

Notes to Editors

Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes by reducing water and chemistry usage with its polymer technologies.  Its patented technologies have the capacity to provide material economic, operational and sustainability improvements that are unattainable with traditional processes.  The Group is currently exploiting its intellectual property in three areas: Cleaning Technologies, Tanning Technologies and Textile Technologies. Xeros has a number of agreements in place with such international organisations as BASF, Hilton and Wollsdorf Leder.

For more information, please visit - http://www.xerostech.com/

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Nichols
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Xeros Technology Group Plc
b)	LEI	2138009F3U39GVY7DG06
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Option over Ordinary shares of 0.15p each GB00BJFLLV84
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 225 pence 500,000
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 c) above Price(s) Volume(s) 225 pence 500,000
e)	Date of the transaction	16 January 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Denney
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Xeros Technology Group Plc
b)	LEI	2138009F3U39GVY7DG06
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Option over Ordinary shares of 0.15p each GB00BJFLLV84
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 225 pence 300,000
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 c) above Price(s) Volume(s) 225 pence 300,000
e)	Date of the transaction	16 January 2018
f)	Place of the transaction	Outside a trading venue

 

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