REG - Xeros Tech Grp plc - Result of AGM

Xeros TechnologyAnnouncement

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RNS Number : 6248N  Xeros Technology Group plc  19 June 2025

19 June 2025

 

Xeros Technology Group plc

('Xeros" 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 7 were passed as ordinary
resolutions, and resolutions 8 to 10 were passed as special resolutions.

 

      Ordinary Resolutions                                                       Votes for   %      Votes against  %    Total votes instructed  % of issued share capital voted  Votes withheld
 1.   To receive the Company's financial statements                              72,280,907  100.0  5,726          0.0  72,286,633              13.9                             5,407
 2.   To re-elect Alexander Tristram as a Director                               72,252,490  100.0  34,143         0.0  72,286,633              13.9                             5,407
 3.   To re-elect Neil Austin as a director                                      72,252,990  100.0  33,643         0.0  72,286,633              13.9                             5,407
 4.   To re-elect David Armfield as a Director                                   72,252,490  100.0  34,143         0.0  72,286,633              13.9                             5,407
 5.   To reappoint Crowe UK LLP as auditor                                       72,252,545  100.0  34,088         0.0  72,286,633              13.9                             5,407
 6.   To authorise the Directors to determine auditor remuneration               72,253,045  100.0  34,588         0.0  72,286,633              13.9                             5,407
 7.   To authorise the Directors to allot shares                                 65,585,875  90.7   6,700,758      9.3  72,286,633              13.9                             5,407
 8.   General authority to disapply pre-emption rights                           65,585,875  90.7   6,700,758      9.3  72,286,633              13.9                             5,407
 9.   Disapplication of pre-emption rights in connection with an acquisition or  65,585,875  90.7   6,700,758      9.3  72,286,633              13.9                             5,407
      specified capital investment
 10.  To authorise the Company to purchase its own shares                        65,587,387  90.7   6,699,246      9.3  72,286,633              13.9                             5,407

 

 ·   Each shareholder present in person, or by proxy, was entitled to one vote per
     share held.
 ·   Proxy votes which gave discretion to the Chair of the Annual General Meeting
     have been included in the 'For' total of the appropriate resolution.
 ·   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.
 ·   Votes 'For' and 'Against' any resolution are expressed as a percentage of
     votes validly cast for that resolution.
 ·   At the close of business on 19 June 2025 the total number of ordinary shares
     in issue was 521,487,557 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 http://www.xerostech.com/investor/resultsandreports/
(http://www.xerostech.com/investor/resultsandreports/)

 

 Enquiries

 

 Xeros Technology Group plc             Tel: 0114 269 9656

 Neil Austin, Chief Executive Officer

 Alex Tristram, Finance Director

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)          Tel: 020 7220 0500

 Julian Blunt/Teddy Whiley, Corporate Finance

 Andrew Burdis/Sunila de Silva, ECM

 Rawlings Financial PR Limited

 Keeley Clarke                          Mob: 07967 816 525

 Cat Valentine                          Email: Xeros@rfpr.co.uk (mailto:Xeros@rfpr.co.uk)

 

About Xeros

 

Xeros Technology plc has developed patented and proven, industry-leading
technologies which reduce the environmental impact of how industries make and
care for clothes.

 

The traditional wet processing methods used in industrial and domestic laundry
and garment manufacturing consume billions of litres of fresh water and large
amounts of energy and chemicals, as well as damaging and weakening clothing
fibres and creating rising levels of environmental pollution. It is estimated
that washing machines contribute 35% of the 171 trillion microplastic
particles in the ocean.

 

A range of actors, including consumers, the media NGOs and regulators are
exerting pressure on these industries, with legislative action beginning to be
taken.

 

Xeros' three main technologies, Microfibre Filter, Laundry Care, and Garment
Finishing, facilitate garment manufacturers, industrial laundries, domestic
washing machine manufacturers and consumers, to reduce their environmental
impact, whilst also significantly improving efficiency in the process.

 

Xeros' model is to generate revenue from licensing its technologies,
generating royalties and the sale of consumables. Currently there are eight
agreements in place. The addressable markets in Microfibre Filter, Laundry
Care, and Garment Finishing are estimated to be valued at £350m p.a., £3bn
p.a. and £132m p.a. respectively.

 

 

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