Result of AGM

Source: RNS
RNS Number : 3134Q
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

+44 (0) 1223 423 663 

Julia Crane, Company Secretary




 

Teneo

Giles Kernick

Olivia Lucas

+44 (0) 207 353 4200

 

 

 

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