Result of AGM

RNS Number : 6915O
Xaar PLC
02 June 2020
 

Xaar plc (the "Company")

Result of AGM

The Company is pleased to announce that, at the Annual General Meeting of the Company held on 2 June 2020, all resolutions put to the meeting were duly passed.

A breakdown of the proxy votes lodged prior to the AGM in respect of the resolutions is summarised below:

 

In favour*

Against

Abstain





Resolution 1

50,884,579

26,989

1,498

Resolution 2

50,850,302

52,266

10,498

Resolution 3

50,860,700

51,366

1,000

Resolution 4

50,884,579

26,989

1,498

Resolution 5

50,876,979

34,589

1,498

Resolution 6

50,860,479

51,089

1,498

Resolution 7

50,612,715

58,489

241,862

Resolution 8

50,592,544

58,713

261,809

Resolution 9

50,842,578

59,488

11,000

Resolution 10

50,841,578

60,488

11,000

Resolution 11

50,611,214

300,852

1,000

Resolution 12

50,619,215

292,353

1,498

Resolution 13

50,592,544

299,077

21,445

Resolution 14

50,833,008

58,613

21,445

*Includes discretionary votes

A copy of the Notice of Annual General Meeting as appended to the Annual Report 2019 has been submitted to the National Storage Mechanism and is available for inspection at http://www.morningstar.co.uk/uk/NSM and https://www.xaar.com/media/2246/4716_xaar_ar_2019_hyperlink.pdf

Shareholders will note that Alison Littley was appointed to the Board as a Non-Executive Director with effect from 1 May 2020.  Given that Alison's appointment took place following the finalisation and printing of the notice of today's Annual General Meeting (AGM), the Board was unable to propose a resolution to re-appoint Alison at today's AGM and therefore, in accordance with the Company's articles of association, Alison's appointment lapsed at the end of the meeting.  However, immediately following the AGM, the Board re-appointed Alison and a resolution proposing Alison's re-election will be proposed to shareholders at the Company's 2021 AGM.

Enquiries:

Xaar plc


Ian Tichias

Chief Finance Officer & Company Secretary

+44 (0) 1223 423 663

 


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Xaar (XAR)
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