REG - Xaar PLC - Update statement on 2024 AGM voting results

XaarAnnouncement

04/12/2024 10:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241204:nRSD7841Oa&default-theme=true

RNS Number : 7841O  Xaar PLC  04 December 2024

4 December 2024

 

 

Xaar plc (the "Company")

 

Update statement on 2024 Annual General Meeting voting results

 

Xaar plc ("Xaar" or "the Group" or "the Company"), the leading inkjet printing
technology group today provides an update statement on voting at the 2024
Annual General Meeting ("AGM"), in accordance with the requirements of
provision 4 of the UK Corporate Governance Code.

As previously announced, at the AGM held on 29 May 2024 all resolutions were
duly passed. However, in respect of Resolution 12 (the power to allot
securities) (the "Resolution"), the Company acknowledges that some of its
shareholders did not support the Resolution (of votes cast, 78.91% voted in
favour).

In preparing Resolution 12, the Company followed best practice including the
Investment Association's share capital management guidelines, and so was in
accordance with institutional investor guidance. The Directors may consider
using the authority afforded to them by Resolution 12 if they believe it will
support them in capitalising on the right investment opportunities which may
help them in delivering the Company's strategic objectives. Consequently, the
Board believes that it is in the best interests of shareholders that the
Company has the power to allot securities as afforded by this resolution.

Substantially all votes against Resolution 12 were received from one
shareholder with whom we have sought and received feedback. A further update
will be given in the 2024 Annual Report.

 

Enquiries:

 

 Xaar plc                         +44 (0) 1223 423 663

 Andrew Herbert, Chairman

 Julia Crane, Company Secretary

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDUSOKRSUUURRA