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
|