Result of AGM

Xaar PLC

29 May 2024

 

29 May 2024

Xaar plc

Result of AGM

Xaar plc ("Xaar" or "the Group" or "the Company"), the leading inkjet printing technology group, is pleased to announce that, at the Annual General Meeting of the Company held on 29 May 2024 as set out in the Notice of AGM, all resolutions put to the meeting were duly passed.

A poll was held on each of the resolutions and was passed by the required majority. Resolutions 1 to 12 were passed as ordinary resolutions. Resolutions 13 and 14 were passed as special resolutions.

The results of the poll were as follows:

Resolution	Votes For		Votes Against		Total Votes cast (excluding Withheld)	Votes Withheld
	No of shares	% of shares voted	No of shares	% of shares voted		No of shares
1	60,033,508	99.99%	5,016	0.01%	60,038,524	0
2	60,031,029	99.99%	7,494	0.01%	60,038,523	1
3	60,006,746	99.95%	31,777	0.05%	60,038,523	1
4	60,032,079	99.99%	6445	0.01%	60,038,524	0
5	60,030,812	99.99%	5,212	0.01%	60,036,024	2,500
6	58,356,166	97.20%	1,679,858	2.80%	60,036,024	2,500
7	58,362,936	97.21%	1,674237	2.79%	60,037,173	1,351
8	60,033,116	99.99%	5,408	0.01%	60,038,524	0
9	60,026,090	99.98%	12,434	0.02%	60,038,524	0
10	52,093,443	99.99%	7,572	0.01%	52,101,015	7,937,509
11	58,832,825	97.99%	1,205,698	2.01%	60,038,523	1
12	46,852,489	78.04%	13,186,035	21.96%	60,038,524	0
13	60,016,462	99.96%	22,062	0.04%	60,038,524	0
14	60,034,624	99.99%	3,900	0.01%	60,038,524	0

*Any proxy appointments which gave discretion to the Chairman have been included in the "Votes For" total.

The Board notes that, although resolution 12, was passed with the necessary majority, 21.96% of votes received were against. The Company is engaging with shareholders to discuss their concerns.

The total number of shares in issue at the voting date is 79,321,904. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes for and against the resolution.

The full text of all of the resolutions can be found in the Notice of Annual General Meeting as appended to the Annual Report 2023, which has been submitted to the National Storage Mechanism and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and

5470_xaar_annual_report_2023_hyperlink.pdf (xaargroup.com)

Enquiries:

Xaar plc	[phone]
Julia Crane, Company Secretary
Teneo Giles Kernick Olivia Lucas	[phone]

 

END