REG-XP Power Ltd: Result of AGM

XP PowerAnnouncement

14/04/2022 12:30

14 April 2022

XP Power Limited

("XP Power" or "the Company")

Result of Annual General Meeting

The Annual General Meeting of XP Power Limited was held at 19 Tai Seng Avenue,
#07-01, Singapore 534054 on 14 April 2022, commencing at 5.00 p.m. Singapore
time. All resolutions were unanimously passed by a show of hands.

For information, the following table shows the total votes cast by proxy
voting on the resolutions that were put to the meeting. The total number of
ordinary shares in issue is 19,734,796 (excluding shares held in treasury).

 Resolution number  Resolution description                                                                                                       In Favour            Against        Withheld  
                                                                                                                                             Votes       %age     Votes      %age    Votes     
         1          To receive the reports and audited accounts for the year ended 31 December 2021                                          15,195,069  100      0          0       125,872   
         2          To declare and approve a final dividend of 36.0 pence per ordinary share for the year ended 31 December 2021             15,320,941  100      0          0       0         
         3          To re-elect Gavin Griggs as a Director                                                                                   15,320,920  99.99    21         0.01    0         
         4          To re-elect Pauline Lafferty as a Director                                                                               14,608,877  97.03    446,703    2.97    265,361   
         5          To re-elect Polly Williams as a Director                                                                                 15,207,624  99.26    113,317    0.74    0         
         6          To re-elect James Peters as a Director                                                                                   14,305,642  95.86    617,401    4.14    397,898   
         7          To re-elect Terry Twigger as a Director                                                                                  15,106,752  98.6     214,189    1.4     0         
         8          To re-elect Andy Sng as a Director                                                                                       15,320,415  99.99    526        0.01    0         
         9          To elect Oskar Zahn as a Director                                                                                        15,319,894  99.99    547        0.01    500       
         10         To elect Jamie Pike as a Director                                                                                        15,320,420  99.99    21         0.01    500       
         11         To reappoint PwC LLP as Auditor of the Company                                                                           15,155,320  99.38    94,826     0.62    70,795    
         12         To authorise the Directors to determine the Auditor’s remuneration                                                       15,256,300  99.58    64,641     0.42    0         
         13         To receive and adopt the Directors’ Remuneration Report for the year ended 31 December 2021                              14,507,210  94.7     812,231    5.3     1,500     
         14         To approve the Directors’ fees of up to £600,000                                                                         15,318,920  99.99    521        0.01    1,500     
         15         To authorise the Directors to allot shares up to two thirds of the Company’s issued share capital                        14,169,690  92.49    1,149,751  7.51    1,500     
         16         To authorised the Directors to allot ordinary shares on a non pre-emptive basis                                          15,319,400  99.99    41         0.01    1,500     
         17         To authorised the Directors to allot ordinary shares on a non pre-emptive basis for acquisitions or capital investments  15,205,196  99.25    114,245    0.75    1,500     
         18         To authorise the Company to purchase its own shares                                                                      15,320,791  99.99    150        0.01    0         

Notes:
1. Resolutions 1 to 15 (inclusive) were passed as ordinary resolutions and
resolutions 16 to 18 (inclusive) were passed as special resolutions. The full
text of the resolutions is set out in the Notice of Annual General Meeting, a
copy of which is on the Company's website
https://www.xppowerplc.com/html/investor/agm and has also been made available
for inspection through the National Storage Mechanism which can be found at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
2. The total votes cast amounted to 15,320,941, representing 77.63 per cent of
the Company’s issued share capital (excluding shares held in treasury).
3. Any proxy appointments which gave discretion to the Chairman have been
included in the “Votes In Favour” total.
4. A “Vote Withheld” is not a vote in law and is not counted in the
calculation of the proportion for the “Votes In Favour” and “Votes
Against” a resolution.
Enquiries:

XP Power

Gavin Griggs, Chief Executive
Officer                       +44 (0)118 976 5155

Oskar Zahn, Chief Financial
Officer                           +44 (0)118 976
5155

Citigate Dewe Rogerson

Kevin Smith/Jos Bieneman          
                               +44 (0)207 638
9571



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