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Xeros Technology ( (GB:XSG) ) has provided an announcement.
Xeros Technology Group has announced that independent non-executive director Rachel Nooney will step down from the board on 28 February 2026 to focus on other business commitments, ending a four-and-a-half-year tenure during which the chair credited her with bringing valuable business insight, fresh perspective and marketing expertise through a period of strategic growth. Despite her departure from the remuneration and audit committees, the company’s board will remain compliant with the QCA Code of Governance with two executives and two independent non-executives, and Xeros has signalled its intention to appoint a new independent non-executive director in due course, underscoring a continued focus on governance stability as it pursues expansion of its environmentally focused laundry and garment-care technologies.
The most recent analyst rating on (GB:XSG) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Xeros Technology stock, see the GB:XSG Stock Forecast page.
Spark’s Take on GB:XSG Stock
According to Spark, TipRanks’ AI Analyst, GB:XSG is a Neutral.
Xeros Technology’s overall stock score is primarily impacted by its poor financial performance, which poses significant risks. However, positive corporate events and moderate technical indicators provide some optimism for future growth.
To see Spark’s full report on GB:XSG stock, click here.
More about Xeros Technology
Xeros Technology Group plc is a UK-based developer of patented, industry-leading technologies that reduce the environmental impact of how clothes are made and cared for. Its three main technology platforms—Microfibre Filter, Laundry Care, and Garment Finishing—target garment manufacturers, industrial laundries, domestic washing machine makers and consumers, aiming to cut water, energy and chemical use and microplastic pollution from traditional wet processing methods. Xeros operates a licensing-led business model, generating royalties and consumables revenue from eight current agreements across addressable markets collectively worth several billion pounds annually.
Average Trading Volume: 2,988,169
Technical Sentiment Signal: Sell
Current Market Cap: £13.79M
See more data about XSG stock on TipRanks’ Stock Analysis page.