Result of AGM
Xeros Technology Group plc announced that all resolutions were duly passed at its Annual General Meeting, with resolutions 1 to 7 passing as ordinary and resolutions 8 to 10 as special resolutions. Key votes included the financial statements receiving 99.90% approval, director re-elections with over 99.93% support, auditor reappointment with 99.97% approval, and authorities for share allotment and pre-emption rights disapplication receiving significant, though varied, support ranging from 84.05% to 97.95%. The company also received 90.04% approval for the authority to purchase its own shares.
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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 7 were passed as ordinary resolutions, and resolutions 8 to 10 were passed as special resolutions.
| Ordinary Resolutions | Votes for | % | Votes against | % | Total votes instructed | % of issued share capital voted | Votes withheld | |
|---|---|---|---|---|---|---|---|---|
| 1. | To receive the Company's financial statements | 89,988,547 | 99.90 | 89,992 | 0.10 | 90,078,539 | 10.45% | 39,646,926 |
| 2. | To re-elect Alexander Tristram as a Director | 129,434,937 | 99.93 | 92,123 | 0.07 | 129,527,060 | 15.03% | 198,405 |
| 3. | To re-elect Neil Austin as a Director | 129,419,438 | 99.93 | 92,623 | 0.07 | 129,512,061 | 15.03% | 213,404 |
| 4. | To re-elect Klaas de Boer as a Director | 128,321,999 | 99.97 | 37,362 | 0.03 | 128,359,361 | 14.89% | 1,366,104 |
| 5. | To reappoint Crowe UK LLP as auditor | 129,479,479 | 99.97 | 32,582 | 0.03 | 129,512,061 | 15.03% | 213,404 |
| 6. | To authorise the Directors to determine auditor remuneration | 128,793,704 | 99.37 | 820,348 | 0.63 | 129,614,052 | 15.04% | 111,413 |
| 7. | To authorise the Directors to allot shares | 92,110,328 | 97.95 | 1,929,274 | 2.05 | 94,039,602 | 10.91% | 35,685,863 |
| 8. | General authority to disapply pre-emption rights | 79,042,307 | 84.05 | 14,996,575 | 15.95 | 94,038,882 | 10.91% | 35,686,583 |
| 9. | Disapplication of pre-emption rights in connection with an acquisition or specified capital investment | 79,714,475 | 84.77 | 14,325,127 | 15.23 | 94,039,602 | 10.91% | 35,685,863 |
| 10. | To authorise the Company to purchase its own shares | 116,703,270 | 90.04 | 12,911,332 | 9.96 | 129,614,602 | 15.04% | 110,863 |
| · | Each shareholder present in person, or by proxy, was entitled to one vote per share held. | |||||||
| · | Proxy votes which gave discretion to the Chair of the AGM have been included in the 'For' total of the appropriate resolution. | |||||||
| · | 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. | |||||||
| · | Votes 'For' and 'Against' any resolution are expressed as a percentage of votes validly cast for that resolution. | |||||||
| · | At the close of business on 10 June 2026 the total number of ordinary shares in issue was 861,860,786 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 http://www.xerostech.com/investor/resultsandreports/
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