REG - Xaar PLC - Result of AGM

XaarAnnouncement

28/05/2025 15:30

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RNS Number : 4654K  Xaar PLC  28 May 2025

28 May 2025

 

Xaar plc

 

Result of AGM

 

Xaar plc ("Xaar" or "the Group" or "the Company"), the leading inkjet printing
technology group, is pleased to announce that, at the Annual General Meeting
of the Company held on 28 May 2025 as set out in the Notice of AGM, all
resolutions put to the meeting were duly passed.

 

A poll was held on each of the resolutions and was passed by the required
majority. Resolutions 1 to 12 were passed as ordinary resolutions. Resolutions
13 and 14 were passed as special resolutions.

 

The results of the poll were as follows:

 

 Resolution  Votes For                        Votes Against                    Total Votes cast (excluding Withheld)  Votes Withheld
             No of shares  % of shares voted  No of shares  % of shares voted                                         No of shares
 1            56,703,398   99.98%              9,426        0.02%               56,712,824                             492
 2            56,691,789   99.98%              9,676        0.02%               56,701,465                             11,851
 3            56,678,445   99.98%              9,426        0.02%               56,687,871                             25,445
 4            55,622,609   98.10%              1,078,847    1.90%               56,701,456                             11,860
 5            56,246,891   99.18%              465,683      0.82%               56,712,574                             742
 6            52,713,466   92.95%              3,999,108    7.05%               56,712,574                             742
 7            56,688,164   99.98%              13,292       0.02%               56,701,456                             11,860
 8            56,688,063   99.98%              13,393       0.02%               56,701,456                             11,860
 9            55,633,727   98.10%              1,078,847    1.90%               56,712,574                             742
 10           48,683,508   99.95%              25,557       0.05%               48,709,065                             8,004,251
 11           55,437,391   97.98%              1,143,181    2.02%               56,580,572                             132,744
 12           40,306,898   71.08%              16,402,860   28.92%              56,709,758                             3,558
 13           56,693,623   99.97%              16,135       0.03%               56,709,758                             3,558
 14           56,711,205   99.99%              1,815        0.01%               56,713,020                             296

 

*Any proxy appointments which gave discretion to the Chairman have been
included in the "Votes For" total.

 

The Board notes that, although resolution 12 was passed with the necessary
majority, 28.92% of votes received were against. The Company is engaging with
shareholders to discuss their concerns.

 

The total number of shares in issue at the voting date is 79,564,772. A vote
withheld is not a vote in law and is not counted in the calculation of the
proportion of votes for and against the resolution.

 

The full text of all of the resolutions can be found in the Notice of Annual
General Meeting as appended to the Annual Report 2024, which has been
submitted to the National Storage Mechanism and is available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and

https://www.xaargroup.com/media/vmgpv5pu/5619_xaar_annual_report_2024_hyperlink.pdf
(https://www.xaargroup.com/media/vmgpv5pu/5619_xaar_annual_report_2024_hyperlink.pdf)

 

Enquiries:

 

 Xaar plc                        +44 (0) 1223 423 663
 Julia Crane, Company Secretary

 

 

 

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