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 specified capital investment | 43,236,199 | 86.85 | 6,548,690 | 13.15 | 49,784,889 | 32.97 | 2,245 |
| 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
- Ends -
Enquiries:
| Xeros Technology Group plc Neil Austin, Chief Executive Officer Alex Tristram, Director of Finance | Tel: 0114 321 6328
|
| | |
| FinnCap Limited (Nominated Adviser and Broker) Julian Blunt/Teddy Whiley, Corporate Finance Andrew Burdis/Sunila de Silva, ECM Yellow Jersey PR Sarah Hollins/Annabelle Wills/Jazmine Clemens | Tel: 020 7220 0570
Tel: 020 3004 9512 |
| | |
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
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