REG - Xaar PLC - Result of AGM

XaarAnnouncement

29/05/2024 13:45

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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
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and

5470_xaar_annual_report_2023_hyperlink.pdf (xaargroup.com)
(https://www.xaargroup.com/media/wnrji33x/5470_xaar_annual_report_2023_hyperlink.pdf)

 

Enquiries:

 

 Xaar plc                        +44 (0) 1223 423 663
 Julia Crane, Company Secretary

                                 +44 (0) 207 353 4200

 Teneo

 Giles Kernick

 Olivia Lucas

 

 

 

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