Xeros Technology Group Seeks Block Listing for 5 Million Shares to Bolster Environmental Initiatives

An update from Xeros Technology ( (GB:XSG) ) is now available.

Xeros Technology Group plc has applied for a block listing of 5,000,000 ordinary shares on the London Stock Exchange, with shares allocated under its Enterprise Management Incentive Scheme and unapproved share option scheme. This move is expected to enhance the company’s financial flexibility and support its ongoing initiatives in reducing the environmental impact of clothing production. The admission of these shares is anticipated to be effective around 6 June 2025, aligning with Xeros’ strategy to leverage its patented technologies in addressing environmental challenges in the garment industry.

More about Xeros Technology

Xeros Technology plc is a company that has developed patented and industry-leading technologies aimed at reducing the environmental impact of clothing production and care. The company focuses on transforming traditional wet processing methods in industrial and domestic laundry and garment manufacturing, which are known to consume significant amounts of water, energy, and chemicals, while contributing to environmental pollution. Xeros offers three main technologies: Microfibre Filter, Laundry Care, and Garment Finishing, which help reduce environmental impact and improve efficiency. The company generates revenue through licensing its technologies, earning royalties, and selling consumables, with several agreements already in place.

Average Trading Volume: 1,329,341

Technical Sentiment Signal: Sell

Current Market Cap: £9.5M

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