Xaar plc ("Xaar" or "the Company")
Result of General Meeting
Xaar plc (the "Company" or "Xaar"), the inkjet printing technology group headquartered in Cambridge, is pleased to announce that at a General Meeting of the Company held earlier today, the resolutions set out in the notice of general meeting annexed to the prospectus of the Company dated 21 October 2010, were duly passed without amendment.
The resolutions were passed on a show of hands. A breakdown of the proxies lodged prior to the General Meeting in respect of the resolutions is summarised below:
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For |
Discretion |
Against |
Withheld |
Resolution 1 |
45,900,979 |
33,809 |
1,500 |
318,103 |
Resolution 2 |
45,884,985 |
37,803 |
13,500 |
318,103 |
The results of the proxy votes lodged in advance of the General Meeting will be available on Xaar's website www.xaar.com shortly.
In accordance with Xaar's obligations under Listing Rule 9.6.2, copies of the resolutions passed have been submitted to the National Storage Mechanism and will shortly be available for viewing at www.hemscott.com/nsm.do.
It is expected that Admission of 8,827,345 New Ordinary Shares of 10 pence each will become effective on 11 November 2010 and that dealings in the New Ordinary Shares will commence at 8 a.m. on 11 November 2010.
For further information please contact:
Xaar plc: |
+44 (0)1223 423663 |
Ian Dinwoodie, Chief Executive |
www.xaar.com |
Andrew Taylor, Finance Director |
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Singer Capital Markets Limited: |
+44 (0)20 3205 7500 |
Shaun Dobson |
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Claes Spång |
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Bankside Consultants: |
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Simon Bloomfield |
+44 (0)20 7367 8888 / +44 (0)7771 758517 |
"Safe Harbor" Statement under the US Private Securities Litigation Reform Act of 1995: Some or all of the statements in this document that relate to future plans, expectations, events, performances and the like are forward-looking statements, as defined in the US Private Securities Litigation Reform Act of 1995. Actual results of events could differ materially from those described in the forward-looking statements due to a variety of factors.