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 UK LLP as auditor
|
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
|
xeros@belvederepr.com
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 £350m p.a., £132m p.a. and £3bn p.a.
respectively.