25 June 2024
Xeros Technology Group plc
('Xeros" 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 7 were passed as ordinary resolutions, and resolutions 8 to 11 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 |
235,145,859 |
100.0 |
160 |
0.0 |
235,146,019 |
45.2 |
- |
|
2. |
To elect Alexander Tristram as a Director |
235,145,668 |
100.0 |
351 |
0.0 |
235,146,019 |
45.2 |
- |
|
3. |
To re-elect Klaas De Boer as a director |
235,145,168 |
100.0 |
851 |
0.0 |
235,146,019 |
45.2 |
- |
|
4. |
To re-elect Rachel Nooney as a Director |
235,118,994 |
100.0 |
359 |
0.0 |
235,119,353 |
45.2 |
26,666 |
|
5. |
To reappoint Crowe |
235,145,460 |
100.0 |
559 |
0.0 |
235,146,019 |
45.2 |
- |
|
6. |
To authorise the Directors to determine auditor remuneration |
235,119,201 |
100.0 |
51 |
0.0 |
235,119,252 |
45.2 |
26,767 |
|
7. |
To authorise the Directors to allot shares |
228,682,900 |
97.3 |
6,436,453 |
2.7 |
235,119,353 |
45.2 |
26,666 |
|
8. |
General authority to disapply pre-emption rights |
228,665,057 |
97.3 |
6,454,296 |
2.7 |
235,119,353 |
45.2 |
26,666 |
|
9. |
Disapplication of pre-emption rights in connection with an acquisition or specified capital investment |
228,682,900 |
97.3 |
6,436,453 |
2.7 |
235,119,353 |
45.2 |
26,666 |
|
10. |
To authorise the Company to purchase its own shares |
228,683,607 |
97.3 |
6,435,746 |
2.7 |
235,119,353 |
45.2 |
26,666 |
|
11. |
To amend the Articles of Association |
235,119,095 |
100.0 |
258 |
0.0 |
235,119,353 |
45.2 |
26,666 |
|
· |
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 Annual General Meeting 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 25 June 2024 the total number of ordinary shares in issue was 520,686,413 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/
Enquiries
|
Xeros Technology Group plc Neil Austin, Chief Executive Officer Alex Tristram, Finance Director
|
Via Belvedere |
|
|
Cavendish Capital Markets Limited (Nominated Adviser and Broker) Julian Blunt/Teddy Whiley, Corporate Finance Andrew Burdis/Sunila de Silva, ECM
|
Tel: 020 7220 0570 |
|
|
Belvedere Communications Cat Valentine Keeley Clarke |
Mob: 07715 769 078 Mob: 07967 816 525 |
|
About Xeros
Xeros Technology plc has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes.
The traditional wet processing methods used in industrial and domestic laundry and garment manufacturing consume billions of litres of fresh water and large amounts of energy and chemicals, as well as damaging and weakening clothing fibres and creating rising levels of environmental pollution. It is estimated that washing machines contribute 35% of the 171 trillion microplastic particles in the ocean.
A range of actors, including consumers, the media NGOs and regulators are exerting pressure on these industries, with legislative action beginning to be taken.
Xeros' three main technologies, Filtration, Finish, and Care, facilitate garment manufacturers, industrial laundries, domestic washing machine manufacturers and consumers, to reduce their environmental impact, whilst also significantly improving efficiency in the process.
Xeros' model is to generate revenue from licensing its technologies, generating royalties and the sale of consumables. Currently there are 8 agreements in place. The addressable markets in Filtration, Finish and Care are estimated to be valued at
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