REG - Xeros Tech Grp plc - Result of AGM

Xeros TechnologyAnnouncement

26/07/2022 15:15

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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                  0.02                            29.73                            421

                                                                                                1,252

                                                                                                                       7,071,563

 Disapplication of pre-emption rights in connection with an acquisition or              99.98                  0.02                            29.73                            421
 specified capital investment

                                                                                                1,252                  7,071,563

                                                                            7,070,311

 To authorise the Company to purchase its own shares

                                                                                        99.99                  0.01                            29.73                            0

                                                                            7,071,766           218                    7,071,984

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 (https://www.xerostech.com)

 

Enquiries:

 Xeros Technology Group plc                        Tel: 0114 321 6328

 Mark Nichols, Chief Executive Officer

 Paul Denney, Chief Financial Officer
 finnCap Limited (Nominated Advisor & Broker)      Tel: 020 7220 0570

 Julian Blunt / Teddy Whiley, Corporate Finance

 Andrew Burdis / Sunila de Silva, ECM

 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 (http://www.xerostech.com/)

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