Result of AGM

Xeros Technology Group plc

23 May 2023

 

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: [phone]
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: [phone]  Tel: [phone]

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 

xerostech.com

 

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