Xeros Technology Announces Block Listing Correction and Share Admission

Xeros Technology ( (GB:XSG) ) has issued an announcement.

Xeros Technology Group plc has announced a correction to the nominal value of its Ordinary Shares to 0.1 pence each in its recent application for a block listing on the London Stock Exchange. The block listing includes 5,000,000 ordinary shares, with 3,750,000 shares under the Enterprise Management Incentive Scheme and 1,250,000 under the unapproved share option scheme. The admission of these shares is expected to be effective around 6 June 2025, and they will be allotted in line with the company’s share option plans. This move is part of Xeros’ broader strategy to leverage its innovative technologies that reduce the environmental impact of clothing production, thereby strengthening its market position and offering potential benefits to stakeholders.

More about Xeros Technology

Xeros Technology plc is a company that has developed patented technologies aimed at reducing the environmental impact of clothing manufacturing and care. The company focuses on addressing the inefficiencies and pollution caused by traditional laundry and garment manufacturing processes, which consume significant water, energy, and chemicals. Xeros offers three main technologies: Microfibre Filter, Laundry Care, and Garment Finishing, targeting industrial laundries, domestic washing machine manufacturers, and garment manufacturers. The company generates revenue through licensing, royalties, and consumable sales, with the addressable markets valued at £350m, £3bn, and £132m annually, respectively.

Average Trading Volume: 1,323,080

Technical Sentiment Signal: Sell

Current Market Cap: £9.63M

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