Result of AGM
XP Factory PLC announced the results of its Annual General Meeting, where resolutions 1 through 10, 13, and 14 were duly passed. However, resolutions 11 and 12, concerning the disapplication of pre-emption rights, were not passed. Consequently, the Board will need to seek shareholder approval at a general meeting before allotting shares in this manner prior to the next AGM. The Board intends to consult with shareholders who voted against resolutions 11 and 12 to address their concerns regarding the disapplication of pre-emption rights. Proxy results will be available on the company website at https://www.xpfactory.com/investors.
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XP Factory, one of the UK's pre-eminent experiential leisure businesses operating the Escape HuntTM ('EH') and Boom Battle BarTM ('Boom') brands, announces that at its Annual General Meeting held earlier today, resolutions 1 through 10, 13 and 14 were duly passed. Resolutions 11 and 12, both relating to the disapplication of pre-emption rights, were not passed. Therefore, should the Board wish to allot shares in this manner before next year's AGM, it will need to seek prior shareholder approval at a general meeting.
In line with QCA guidance the Board will continue to consult with those shareholders who voted against resolutions 11 and 12 to understand any concerns with regard to the disapplication of pre-emption rights and explain why the Board feels these resolutions are required.
The proxy results will shortly be available on the Company's website at https://www.xpfactory.com/investors.
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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.