Result of AGM

RNS Number : 8101T
Xeros Technology Group plc
26 July 2022
 

26 July 2022 

Xeros Technology Group plc

('Xeros' or the 'Company' or the 'Group')

Result of AGM

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet,   announces the results of voting on the resolutions at its Annual General Meeting ("AGM") held earlier today.

 

A poll was held on each of the resolutions and all the resolutions were duly passed by the required majority. Resolutions 1 to 7 were passed as ordinary resolutions, and resolutions 8 to 10 were passed as special resolutions. The results of the poll were as follows:

 

Ordinary Resolutions

Votes for

%

Votes against

%

Total votes instructed

% of issued share capital voted

Votes withheld

To receive the Company's financial statements

 

7,071,283

 

 

99.99

 

167

 

 

0.01

 

7,071,450

 

 

29.73

 

534

To re-elect Rachel Nooney as a Director

 

7,070,732

 

 

99.98

 

1,252

 

 

0.02

 

7,071,984

 

 

29.73

 

0

To re-elect Klaas de Boer as a Director

 

7,070,528

 

 

99.98

 

1,252

 

 

0.02

 

7,071,780

 

 

29.73

 

204

To re-elect Paul Denney as a Director

 

7,065,832

 

 

99.91

 

5,948

 

 

0.09

 

7,071,780

 

 

29.73

 

204

To reappoint Grant Thornton UK LLP as auditor

 

7,070,528

 

 

99.98

 

1,252

 

 

0.02

 

7,071,780

 

 

29.73

 

204

To authorise the Directors to determine auditor remuneration

 

 

7,071,232

 

 

 

99.99

 

 

218

 

 

 

0.01

 

 

7,071,450

 

 

 

29.73

 

 

534

To authorise the Directors to allot shares

7,070,732

99.98

1,252

 0.02

7,071,984

29.73

0

Special Resolutions








General authority to disapply pre-emption rights

7,070,311

 

99.98

 

1,252

 

0.02

 

 

7,071,563

 

 

29.73

421

Disapplication of pre-emption rights in connection with an acquisition or specified capital investment

 

 

7,070,311

 

 

99.98

 

1,252

 

0.02

 

7,071,563

 

29.73

421

To authorise the Company to purchase its own shares

 

 

7,071,766

 

 

99.99

 

 

218

 

 

0.01

 

 

7,071,984

 

 

29.73

 

0

1.  Each shareholder present in person, or by proxy, was entitled to one vote per share held.

2.  Proxy votes which gave discretion to the Chair of the Annual General Meeting have been included in the 'For' total of the appropriate resolution.

3.  A 'Vote Withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' any resolution nor in the calculation of the proportion of 'Total Votes Instructed' for any resolution.

4.  Votes 'For' and 'Against' any resolution are expressed as a percentage of votes validly cast for that resolution.

5.  At the close of business on 25 July 2022 the total number of ordinary shares in issue was 23,784,483 and at that time, the Company did not hold any shares in treasury.

The full text of the resolutions is available for inspection on the Company's website https://www.xerostech.com

 

Enquiries

Xeros Technology Group plc

Mark Nichols, Chief Executive Officer

Paul Denney, Chief Financial Officer

Tel: 0114 321 6328

 

finnCap Limited (Nominated Advisor & Broker)

Julian Blunt / Teddy Whiley, Corporate Finance

Andrew Burdis / Sunila de Silva, ECM

Tel: 020 7220 0570

 

Yellow Jersey PR

Sarah Hollins / Lilian Filips / Laurie Gellhorn

 

 

Tel: 020 3004 9512


Notes to Editors

POWERED BY SCIENCE, XEROS CREATE TECHNOLOGIES ENGINEERED FOR THE FUTURE

 

Born out of textile research and advancing new standards of performance and responsibility, Xeros' technologies revolutionise the way we make and clean our clothes, conserving water and preventing waste. Designed to impact industries and people on a global scale, Xeros transforms the performance, impact and economics of the fashion and washing machine industry.

 

Xeros enables the scaling of its innovations and impact by licencing its intellectual property to partners across the globe. Their work has, to date, created 38 patent families.

 

Xeros' technologies are already in use in major global industries, including commercial and home laundry and garment manufacture. So far, these technologies have saved millions of litres of water and could prevent billions of microfibres from ending in our oceans.

 

TO THE POWER OF CHANGE 

 

xerostech.com

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