REG - XP Power Ltd - Result of AGM

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RNS Number : 6966B  XP Power Limited  23 April 2026

23 April 2026

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 23 April 2026, commencing at 5.00 p.m. Singapore
time. All of the resolutions were voted upon by poll and were approved by
shareholders.

The total number of ordinary shares in issue is 28,032,178 (excluding shares
held in treasury). The results of the poll for each resolution are as follows:

 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      23,736,310  99.88    28,417     0.12     2,421
                    2025
 2                  To re-elect Matt Webb as a Director                                             23,754,073  99.95    11,825     0.05     1,250
 3                  To re-elect Andy Sng as a Director                                              23,754,073  99.95    11,825     0.05     1,250
 4                  To re-elect Sandra Breene as a Director                                         23,523,262  98.98    242,086    1.02     1,800
 5                  To re-elect Jamie Pike as a Director                                            23,151,511  97.42    613,837    2.58     1,800
 6                  To re-elect Gavin Griggs as a Director                                          23,425,012  99.98    3,886      0.02     338,250
 7                  To re-elect Pauline Lafferty as a Director                                      18,871,221  79.41    4,894,127  20.59    1,800
 8                  To re-elect Daniel Shook as a Director                                          23,213,199  97.68    552,149    2.32     1,800
 9                  To re-elect Charlotta Ginman as a Director                                      22,072,509  92.88    1,692,839  7.12     1,800
 10                 To reappoint PwC LLP as Auditor of the Company                                  23,575,572  99.19    191,576    0.81     0
 11                 To authorise the Directors to determine the Auditor's remuneration              23,664,171  99.57    102,977    0.43     0
 12                 To receive and adopt the remuneration policy set out in the annual report and   23,451,717  99.19    192,454    0.81     122,977
                    accounts for the year ended 31 December 2025
 13                 To receive and adopt the Directors' Remuneration Report for the year ended 31   17,790,341  76.13    5,579,284  23.87    397,523
                    December 2025
 14                 To approve the Directors' fees of up to £600,000                                23,760,365  99.97    6,151      0.03     632
 15                 To authorise the Directors to allot shares up to two thirds of the Company's    19,408,533  81.66    4,358,540  18.34    75
                    issued share capital
 16                 To authorise the Directors to allot ordinary shares on a non pre-emptive basis  23,625,468  99.40    141,605    0.60     75
 17                 To authorise the Directors to allot ordinary shares on a non pre-emptive basis  22,707,525  95.54    1,059,548  4.46     75
                    for acquisitions or capital investments
 18                 To authorise the Company to purchase its own shares                             23,762,565  99.98    4,583      0.02     0

 

The Board notes that Resolution 7, the re-appointment of Pauline Lafferty was
passed with 20.59% of votes cast against, and Resolution 13, the advisory vote
on the Remuneration Report was passed with 23.87% of votes cast against. The
Company takes the outcome of shareholder votes extremely seriously and will
engage with shareholders to fully understand their concerns in relation to the
number of votes recorded not in favour of resolutions 7 and 13 to ensure their
feedback continues to inform the Company's approach to remuneration matters.
An update on the engagement with shareholders and on any action taken as a
result, will be published within six months of today's AGM, in accordance with
the UK Corporate Governance Code.

Notes:

1.   Resolutions 1 to 15 (inclusive) were passed as ordinary resolutions.
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://corporate.xppower.com/investors/general-meetings
(https://corporate.xppower.com/investors/general-meetings) 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
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

2.   The total votes cast amounted to 23,767,148, representing 84.79 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
 Ruth Cartwright, Company Secretary  +44 (0)118 984 5515

 CDR
 Claire De Groot                     +44 (0)207 638 9571

 

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