Source - RNS
RNS Number : 4140L
Xeros Technology Group plc
03 October 2016

3 October 2016


Xeros Technology Group plc


Paul Denney appointed CFO


Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the developer and provider of patented polymer bead systems with multiple commercial applications, announces the appointment of Paul Denney as Chief Financial Officer with immediate effect.


Paul has built a strong track record in international corporate finance with businesses operating in the public markets and under private equity ownership. He established his career in financial management with US-based IT outsourcing business, Electronic Data Systems Inc. (now part of Hewlett Packard), working in the UK, Spain and Latin America.


His two most significant recent roles were within high growth environments at Experian plc and at Callcredit Information Group. These roles encompassed organic and inorganic development both in the UK and overseas. Paul is a qualified accountant and has an MBA from the London Business School.


Mark Nichols, Chief Executive of Xeros, said:


"Paul brings key financial and commercial skills to Xeros, which we now need as we look to accelerate the commercialisation of our bead technology across multiple global industries. His experience will be highly valuable as we grow both in our own right and with industry partners on a multi-national basis."




Xeros Technology Group plc

Mark Nichols, Chief Executive Officer


Tel: 0114 321 6328


Jefferies International Limited (Nominated Adviser and Joint Broker)

Simon Hardy / Harry Nicholas


Tel: 020 7029 8000

Berenberg (Joint Broker)

Chris Bowman / Ben Wright / Amritha Murali


Tel: 020 3207 7800

Instinctif Partners

Adrian Duffield / Helen Tarbet / James Gray


Tel: 020 7457 2020


Additional Information


In accordance with the AIM Rules, the following information required to be disclosed in relation to Paul Denney is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules.


Full name and age

Paul Michael Denney, aged 50


Current beneficial shareholding in the Group


Current Directorships


PMD ADVISORY LIMITED (Companies House Reg: 10279768)

Appointed 15 July 2016

WRITING EAST MIDLANDS C.I.C. (Companies House Reg: 06459299)

Appointed 23 July 2009; resigned 18 June 2014; re-appointed 7 March 2016.

WRITING SCHOOL EAST MIDLANDS LTD (Reg: 08123628) appointed 28 June 2012; resigned 18 June 2014; re-appointed 7 March 2016.


Former Directorships (previous five years)


GRANGEPAUL CONSULTING LIMITED (06819315). Company formed on 13 Feb 2009 to allow me to operate as a self-employed contractor/consultant. Company dissolved on 10 July 2012.




Notes to Editors


Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes by replacing water with polymer bead technologies.  Its patented technologies have the capacity to provide material economic, operational and sustainability improvements that are unachievable with traditional processes.  The Group first applied its technology in the commercial laundry market in advance of developing a system for use in the home. Subsequently, it has demonstrated its technology in the leather processing industry and its R&D teams are developing a number of additional applications for other water intensive industrial and commercial markets.  The Group joined AIM in 2014 and in December 2015 raised gross proceeds of £40m by way of a placing to accelerate the commercialisation of its innovative technology across global laundry markets and to further develop its patented technology for other identified industrial and domestic processes.


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