RNS Number : 4814F

Xeros Technology Group plc

18 May 2017

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			XEROS TECHNOLOGY GROUP PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights				X
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		IP Group plc
4. Full name of shareholder(s)  (if different from 3.):iv		See section 9
5. Date of the transaction and date on which the threshold is crossed or reached: v		15 May 2017
6. Date on which issuer notified:		16 May 2017
7. Threshold(s) that is/are crossed or reached: vi, vii		Direct interests: unchanged Indirect interests: 7% crossed Combined direct and indirect interests: 19% crossed

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct xi

Indirect xii

Direct

Indirect

Ordinary 0.15p Shares

16,363,058

16,363,058

15,849,106

9,874,240

5,974,866

11.23%

6.80%

GB00BJFLLV84

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

15,849,106

18.03%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

Direct interests: IP Assist Services Limited: 5,928,000 IP2IPO Limited: 3,946,240 IP Assist Services Limited, formerly known as Techtran Group Limited, is a 100% owned subsidiary of IP Group plc. IP2IPO Limited is a 100% owned subsidiary of IP Group plc. Indirect interests: IP Venture Fund: 4,327,564 Share Nominees Limited: 1,555,303 Reyker Nominees Limited: 91,999 IP Venture Fund is a limited partnership fund that is managed by Top Technology Ventures Limited, a 100% subsidiary of IP Group plc. Share Nominees Limited and Reyker Nominees Limited (the "Nominees") are the legal nominees for shares owned by investors in certain Parkwalk Advisors Limited ("Parkwalk") EIS funds. Parkwalk has the discretion to instruct the Nominees to exercise the voting and other rights attaching to such shares. Parkwalk is a 100%-owned subsidiary of IP Group plc following its acquisition on February 1 February 2017.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

Based on 87,902,127 Ordinary Shares in issue 9 February 2017 notification based on 86,021,911 Ordinary Shares in issue

14. Contact name:

Greg Smith

15. Contact telephone number:

020 7444 0050

This information is provided by RNS

The company news service from the London Stock Exchange

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