Growth Long Term Incentive Plan

Xeros Technology Group plc

13 August 2026

 

13 August 2026

Xeros Technology Group Plc

(“Xeros”,  the “Group”, or the “Company”)

Growth Long Term Incentive Plan (“LTIP”)

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, announces a grant of options under the Group’s existing discretionary employee share option plan (the 2020 Share Option Plan)(the “Awards”).

These Awards will come under the umbrella term “Growth LTIP” and are subject to Performance Hurdles. The new Awards have a three-year performance period from the date of grant, during which the vesting of these Awards is subject to new targets also detailed below. The Group has reviewed its existing share option arrangements following feedback from key investors.

The Growth LTIP aims to ensure that selected senior executives and the Directors of the Company who are key for the long-term success of the business are retained and incentivised. The Board/Remuneration Committee believe that the new Awards better reflect the growth potential and ambitions of the Group, and more closely align the interests of the Board and management team with shareholders.  

The Awards vest subject to the meeting of share price targets as set out below during the initial three-year performance period. The Awards will be considered vested if the Company’s share price reaches the target for any 10 consecutive trading dates. Should the share price criteria be met, the Awards then become exercisable in three equal tranches. The first tranche can be exercised at the end of the performance period, and the following two tranches can be exercised on the first and second anniversary of the end of the performance period, respectively.

The Awards are exercisable at a price of 1.75p.

New awards

Share Price Target	Percentage of the award that may vest
3.5p	50%
10p	25%
17.5p	25%

Proposed Share Awards to PDMRs

Name	Role	Current Options	Options to be awarded
Neil Austin	CEO	16,922,308	26,170,731
Alex Tristram	Finance Director	4,686,178	3,938,759
Klaas de Boer	Non-Executive Chairman	-	8,618,608
David Armfield	Non-Executive Director	-	4,309,304

Enquiries

Xeros Technology Group plc Neil Austin, Chief Executive Officer Alex Tristram, Director of Finance	Tel: [phone]
Cavendish Capital Markets Limited (Nominated Adviser and Broker) Julian Blunt/Teddy Whiley, Corporate Finance Andrew Burdis/Sunila de Silva, ECM		Tel: [phone]
Rawlings Financial PR Limited Keeley Clarke Cat Valentine	Mob: [phone] Email: [e-mail]

About Xeros

Xeros Technology plc has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes.

The 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, as well as damaging and weakening clothing fibres and creating rising levels of environmental pollution. It is estimated that washing machines contribute 35% of the 171 trillion microplastic particles in the ocean.

A range of actors, including consumers, the media NGOs and regulators are exerting pressure on these industries, with legislative action beginning to be taken.

Xeros' three main technologies, Microplastic Pollution Filter, Laundry Care, and Garment Finishing, facilitate garment manufacturers, industrial laundries, domestic washing machine manufacturers and consumers, to reduce their environmental impact, whilst also significantly improving efficiency in the process.

Xeros' model is to generate revenue from licensing its technologies, generating royalties and the sale of consumables. Currently there are eight agreements in place. The addressable markets in Microplastic Pollution Filter, Laundry Care, and Garment Finishing are estimated to be valued at £350m p.a., £3bn p.a. and £132m p.a. respectively.

The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014: 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Klaas de Boer
2	Reason for the notification
a)	Position/status	Chairman
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	Ordinary shares of £0.001 each GB00BMGYBJ57
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.75 pence 8,618,608
d)	Aggregated information  - Aggregated volume  - Price	n/a
e)	Date of the transaction	12 August 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Neil Austin
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	Ordinary shares of £0.001 each GB00BMGYBJ57
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.75 pence 26,170,731
d)	Aggregated information  - Aggregated volume  - Price	n/a
e)	Date of the transaction	12 August 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Alexander Tristram
2	Reason for the notification
a)	Position/status	Finance Director
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	Ordinary shares of £0.001 each GB00BMGYBJ57
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.75 pence 3,938,759
d)	Aggregated information  - Aggregated volume  - Price	n/a
e)	Date of the transaction	12 August 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr David Armfield
2	Reason for the notification
a)	Position/status	Non-Executive Director
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	Ordinary shares of £0.001 each GB00BMGYBJ57
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.75 pence 4,309,304
d)	Aggregated information  - Aggregated volume  - Price	n/a
e)	Date of the transaction	12 August 2026
f)	Place of the transaction	Outside a trading venue

 

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