Result of AGM

Xeros Technology Group plc
23 May 2023
 

 

23 May 2023

Xeros Technology Group plc

 

("Xeros", the "Group" or the "Company")

 

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 6 were passed as ordinary resolutions, and resolutions 7 to 9 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

 47,385,517

 

 

100.00 

 

1,460 

 

0.00 

 

47,386,977 

 

 

 31.39

2,400,157 

 

To elect Neil Austin as a Director

49,786,871 

 

 

100.00 

 

263 

 

 0.00

 

 49,787,134

 

 

 32.98

 

 0

 

To re-elect David Armfield as a Director

49,786,379 

 

 

 100.00

 

 755

 

 0.00

 

 49,787,134

 

 

 32.98

 

 0

 

To re-elect Grant Thornton UK LLP as Auditor

49,786,371 

 

 

100.00 

 

559 

 

 

0.00 

 

49,786,930 

 

 

 32.98

 

 204

 

To authorise the Directors to determine auditor remuneration

49,786,879

100.00

51

0.00

49,786,930

32.98

204

To authorise the Directors to allot shares

43,237,740

86.85

6,549,190

13.15

49,786,930

32.98

204

Special Resolutions








General authority to disapply pre-emption rights

43,235,699

86.85

6,549,190

13.15

49,784,889

32.97

2,245

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

43,236,199

86.85

6,548,690

13.15

49,784,889

32.97

2,245

To authorise the Company to purchase its own shares

43,235,758

86.84

6,551,172

13.16

49,786,930

32.98

204

 

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 22 May 2023 the total number of ordinary shares in issue was 150,982,917 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

 

- Ends -

 

Enquiries:

Xeros Technology Group plc

Neil Austin, Chief Executive Officer

Alex Tristram, Director of Finance

Tel: 0114 321 6328

 


FinnCap Limited (Nominated Adviser and Broker)

Julian Blunt/Teddy Whiley, Corporate Finance

Andrew Burdis/Sunila de Silva, ECM

Yellow Jersey PR

Sarah Hollins/Annabelle Wills/Jazmine Clemens

Tel: 020 7220 0570

 

 

 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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