REG - Xeros Tech Grp plc - Result of AGM

Xeros TechnologyAnnouncement

23/05/2023 14:00

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RNS Number : 3853A  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  43,236,199    86.85     6,548,690      13.15   49,784,889              32.97                            2,245
 specified capital investment
 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 (https://www.xerostech.com/)

 

- Ends -

 

Enquiries:

 Xeros Technology Group plc                       Tel: 0114 321 6328

 Neil Austin, Chief Executive Officer

 Alex Tristram, Director of Finance

 FinnCap Limited (Nominated Adviser and Broker)   Tel: 020 7220 0570

 Julian Blunt/Teddy Whiley, Corporate Finance

 Andrew Burdis/Sunila de Silva, ECM

 Yellow Jersey PR                                  Tel: 020 3004 9512

 Sarah Hollins/Annabelle Wills/Jazmine Clemens

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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