REG - Xeros Tech Grp plc - Results of General Meeting and Total Voting Rights

Xeros TechnologyAnnouncement

20/10/2022 10:45

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RNS Number : 5620D  Xeros Technology Group plc  20 October 2022

 

For immediate release

20 October 2022

Xeros Technology Group plc

 

("Xeros", the "Group" or the "Company")

Results of General Meeting and Total Voting Rights

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce
the impact of clothing on the planet, is pleased to announce that further to
the Company's announcement of 30 September 2022, at the General Meeting held
earlier today the Resolutions proposed were duly passed by shareholders.

Full details of the Resolutions were set out in the Circular published by
Xeros on 3 October 2022. The Circular is available for inspection in
electronic form on the Company's website, www.xerostech.com.

Details of the proxies from Shareholders in respect of each of the Resolutions
are set out below:

 Resolution             For Number  %       Against Number  %      Withheld Number
 Ordinary Resolution 1  14,299,064  99.95%  7,343           0.05%  226
 Special Resolution 2   14,299,064  99.95%  7,343           0.05%  226
 Special Resolution 3   14,299,064  99.95%  7,343           0.05%  226
 Special Resolution 4   14,298,664  99.95%  7,743           0.05%  226

 

 

Notes:

1.    Percentages are expressed as a proportion of the total votes cast
(which does not include votes withheld).

2.    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" a Resolution.

3.    Any proxy appointments which gave discretion to the Chairman have
been included in the "For" totals.

 

The Placing remains conditional upon the Placing Agreement becoming
unconditional in all respects and upon Admission. Admission of the New
Ordinary Shares is expected to occur on 21 October 2022.

 

Total Voting Rights

Following Admission, the Company will have in issue 150,980,123 Ordinary
Shares, with no shares held in treasury. Shareholders may use this figure as
the denominator by which they are required to notify their interest in, or
change to their interest in, the Company under the Disclosure Guidance and
Transparency Rules.

 

This announcement should be read in conjunction with the full text of the
Circular issued on 3 October 2022. All capitalised/defined terms used in this
announcement and not otherwise defined shall have the meanings given to them
in the Circular.

 

 

 

 

 

Enquiries:

 

 Xeros Technology Group plc                                          Tel: 0114 321 6328

 Neil Austin, Chief Executive Officer

 Paul Denney, Chief Financial Officer

 finnCap Limited (Nominated Adviser & Broker)                        Tel: 020 7220 0500

 Julian Blunt / Teddy Whiley / George Dollemore, Corporate Finance

 Andrew Burdis / Sunila de Silva, ECM

 Yellow Jersey PR                                                    Tel: 020 3004 9512

 Sarah Hollins / Lilian Filips / Laurie Gellhorn

Notes for 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

 

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