Result of AGM
Updated : 10:01
11 June 2020
Xeros Technology Group plc
Result of Annual General Meeting
Xeros Technology Group plc (AIM: XSG), the developer and provider of water saving and filtration technologies with multiple commercial and domestic applications, 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. 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 | 1,215,686,144 | 100 | 0 | 0.00 | 1,215,686,144 | 61.28 | 0 |
To elect Klaas de Boer as a Director | 1,181,733,347 | 97.21 | 33,952,797 | 2.79 | 1,215,686,144 | 61.28 | 0 |
To re-elect Mark Nichols as a director | 1,214,869,586 | 99.93 | 816,558 | 0.07 | 1,215,686,144 | 61.28 | 0 |
To re-elect Paul Denney a director | 1,215,681,040 | 100 | 5,104 | 0.00 | 1,215,686,144 | 61.28 | 0 |
To reappoint Grant Thornton UK LLP as auditor | 1,215,626,445 | 100 | 59,699 | 0.00 | 1,215,686,144 | 61.28 | 0 |
To authorise the Directors to determine auditor remuneration | 1,215,679,747 | 100 | 5,104 | 0.00 | 1,215,684,851 | 61.28 | 1,293 |
To authorise the directors to allot shares | 1,215,679,747 | 100 | 5,104 | 0.00 | 1,215,684,851 | 61.28 | 1,293 |
Special Resolutions | |||||||
General authority to disapply pre-emption rights | 1,056,941,448 | 100 | 5,104 | 0.00 | 1,056,946,552 | 53.28 | 158,739,592 |
Disapplication of pre-emption rights in connection with an acquisition or specified capital investment | 1,215,681,040 | 100 | 5,104 | 0.00 | 1,215,686,144 | 61.28 | 0 |
To authorise the Company to purchase its own shares | 1,150,306,320 | 94.62 | 65,379,824 | 5.38 | 1,215,686,144 | 61.28 | 0 |
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 10 June 2020 the total number of ordinary shares in issue was 1,983,762,131 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
Enquiries :
Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer | Tel: 0114 321 6328
|
finnCap Limited (Nominated Adviser, Broker) Julian Blunt / Teddy Whiley Andrew Burdis / Sunila de Silva
| Tel: 020 7220 0500 |
Notes to Editors
Xeros Technology Group plc is a platform technology Group that is transforming water intensive industrial and commercial processes.
Xeros' patented XOrbTM technology significantly reduces the amount of water used in the washing or dyeing of soft substrates such as garments and fabrics. They enable the remaining water to become far more efficient and effective in either affixing or removing molecules, the result being improvements in economic, operational, product and sustainability outcomes. The Group is applying its technology in the fields of cleaning, tanning and textiles.
Xeros' XDrumTM technology is a patented, simple, low cost machine drum design which enables XOrbsTM to be introduced into and subsequently removed from process cycles in Xeros' chosen markets. The design enables rotating drum machine Original Equipment Manufacturers ("OEMs") in the fields of garment manufacture and cleaning, the ability to make simple and low-cost changes in their production lines to incorporate the Company's XOrbTM technology.
The Group has signed multiple agreements to develop and license its XDrumTM and XOrbTM products in major commercial and domestic markets.
XFiltraTM is a patented in-machine filtration technology which is designed to prevent harmful micro-plastics generated by washing cycles from being released into the aquacycle. Plastics released from synthetic clothing during washing cycles is one of the single largest sources of primary micro-plastic pollution. For more information, please visit - http://www.xerostech.com/
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