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Provider: Reuters Investment Profile
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Xeros Technology Group plc announces admission and first day of dealings on AIM


Tuesday, 25 Mar 2014 03:00am EDT 

Xeros Technology Group plc:Announces the admission to trading on AIM of its entire issued ordinary share capital.Commencement of dealings on March 25 under the ticker XSG.27.580 mln pounds (before expenses) has been raised for the group through the placing of 22,422,579 new Ordinary Shares at 123 pence per share.Proceeds to be used for working capital purposes to fund the growth of the commercial laundry business and for incremental research and development to support parallel development of other applications through to commercialisation, not least in domestic laundry.Jefferies International Limited is acting as Nominated Adviser and Broker to the Group. 

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