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LONDON - Xeros Technology Group plc announced Tuesday that its retail offer has closed, raising approximately £1.0 million through the issuance of 57,142,857 new shares at 1.75 pence each.
The retail offer, which launched on November 7, was oversubscribed, according to the company's press release. Allocations were made to existing shareholders using soft pre-emption principles. Shareholders received 100 percent of their soft pre-emptive allowance when their orders matched or exceeded that amount. For orders exceeding the pre-emptive allowance, shareholders received approximately 99.7 percent of their additional demand due to high interest.
Xeros Technology Group will apply to the London Stock Exchange for admission of the new ordinary shares. Admission is expected to occur on December 1, 2025, contingent upon shareholder approval of proposed resolutions at the general meeting scheduled for November 28, 2025.
The company indicated that a separate announcement will follow the general meeting to report on the results and total voting rights after admission.
This fundraising is part of a larger initiative announced by the company on November 6, 2025, though specific details about how the funds will be used were not included in the press release.
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