TIDMXSG
RNS Number : 6939P
Xeros Technology Group plc
12 February 2019
12 February 2019
Xeros Technology Group plc
Directorate changes
Xeros Technology Group plc (AIM: XSG, 'Xeros', 'the Group'), the
developer and provider of water saving technologies with multiple
commercial applications, today announces that John Samuel has
resigned as non-executive Chairman with immediate effect. David
Armfield, who joined the Board in June 2018, has been appointed
interim non-executive Chairman.
Separately David Baynes, a director of IP Group plc, joins the
Board as a non-executive director today. He is a Chartered
Accountant and will Chair the Audit Committee.
David Graham Baynes, aged 55, is currently Chief Operating
Officer at IP Group plc and has been on its Board since March 2014.
He was previously a co-founder and the CEO of AIM-listed Fusion IP
plc and was also a co-founder, CEO and CFO of Toad plc (now 21st
Century Technology plc). David also worked at Celsis International
plc from its incorporation to its flotation on the full list of the
London Stock Exchange and was previously CFO of Codemasters
Limited, at the time, the UK's largest privately-owned games
company.
David Armfield, interim non-executive Chairman, commented:
"On behalf of the Board, I would like to thank John for his
considerable contribution as Chairman since the business listed in
March 2014. It has progressed from early stage technology
development to its current position of having multiple proprietary
applications in the process of commercialisation. As he steps down
in order to devote more time to his other executive and
non-executive Board roles - we wish him well for the future. I
would also like to welcome David to the Board who brings with him a
huge amount of experience in growth companies, both private and
public."
Enquiries:
Xeros Technology Group plc Tel: 0114 321
David Armfield, interim non-executive Chairman 6328
Jefferies International Limited (Nominated Adviser Tel: 020 7029
and Joint Broker) 8000
Simon Hardy / Will Soutar
Berenberg (Joint Broker) Tel: 020 3207
Chris Bowman / Ben Wright / Laure Fine 7800
Instinctif Partners Tel: 020 7457
Adrian Duffield / Kay Larsen / Chantal Woolcock 2020
AIM Rules for Companies Schedule 2 (g) information
David Baynes, holds or has held the following directorships in
the five years preceding his appointment to the Xeros Technology
Group Plc Board.
Current directorships:
Director, IPG USA (LP) Limited November 2018 - Present
Director, Imperial Innovations Limited February 2018 - Present
Director, Touchstone Innovations Investments February 2018 - Present
Limited
Director, Imperial College Company February 2018 - Present
Maker Limited
Director, Innovations Limited Partner February 2018 - Present
Ltd
Director, Touchstone Innovations Plc December 2017 - Present
Director, IP2IPO Asia-Pacific Limited February 2017 - Present
Director, IP2IPO US Partners Limited December 2016 - Present
Director, IP2IPO Americas Limited November 2016 - Present
Director, IP2IPO Carry Partner Limited September 2016 - Present
Director, IP2IPO Portfolio (GP) Limited September 2016 - Present
Director, Top Technology Ventures August 2015 - Present
Limited
Finance Director, IP2IPO FI Limited September 2014 - Present
Director, Intelligent Ultrasound Group August 2014 - Present
Plc
Finance Director, IP2IPO Limited April 2014 - Present
Finance Director, North East Technology April 2014 - Present
(GP) Limited
Finance Director, IP Venture Fund April 2014 - Present
(GP) Limited
Director, IP Group Plc March 2014 - Present
Director, MedaPhor Limited June 2010 - Present
Director, Morvus September 2010 - Present
Director, Demasq Limited April 2008 - Present
Director, Phase Focus Limited June 2006 - Present
Director, Fusion IP Nottingham Limited March 2008 - Present
Director, Fusion IP Two Limited March 2008 - Present
Director, Fusion IP Cardiff Limited November 2006 - Present
Finance Director, Biofusion Licensing September 2006 - Present
(Sheffield) Limited
Director, Fusion IP Limited November 2004 - Present
Director, Out Of The Blue Consulting March 2003 - Present
Limited
Director, Fusion IP Sheffield Limited January 2003 - Present
Previous directorships, last 5 years:
Director, Arthurian Life Sciences July 2013 - July 2015
Limited
Director, Rhedyn Limited March 2013 - March 2016
Director, Wound Genetics Limited November 2012 - September
2016
Director, Proflu Limited November 2012 - July 2016
Director, Wound Genetics Therapeutics November 2012 - September
Limited 2016
Director, Wound Genetics Prognostics November 2012 - September
Limited 2016
Director, Rheometrix Microsystems April 2012 - September 2016
Limited
Director, Perlemax Limited January 2012 - September
2014
Director, Medipex Limited April 2011 - September 2014
Director, Mesuro Limited September 2008 - September
2014
Director, Magnomatics Ltd June 2008 - November 2014
Director, Biohydrogen Limited March 2007 - September 2016
Director, Alesi Surgical Limited March 2007 - January 2017
Director, Medella Therapeutics Limited February 2007 - June 2014
CEO, Mantelum Limited June 2006 - September 2016
Director, Diurnal Limited October 2005 - October 2014
David Baynes was a Director of CellTran Limited, which developed
a skin treatment for burns and chronic wounds using a patient's
living cells but went into administration in May 2008 after running
out of funds for product development and distribution.
There are no further disclosures to be made under Schedule 2(g)
of the AIM Rules for Companies.
Notes to Editors
Xeros Technology Group plc (LN: XSG) is a platform technology
company that is reinventing water intensive industrial and
commercial processes.
Xeros' uses its patented XOrb(TM) technologies to significantly
reduce the amount of water used in a number of major applications
with the remaining water becoming far more efficient in either
affixing or removing molecules from substrates such as fabrics and
garments. The result being significant improvements in economic,
operational and sustainability outcomes.
Xeros has three divisions working in the garment finishing
(Textile Technologies), tanning (Tanning Technologies, branded
Qualus) and cleaning/laundry (Cleaning Technologies) markets. In
cleaning/laundry, the company has three applications covering
domestic laundry, commercial laundry (branded "Hydrofinity") and
the cleaning of high-performance workwear (branded "Marken").
For more information, please visit -
http://www.xerostech.com/
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END
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