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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
XP Power Ltd | AQSE:XPP.GB | Aquis Stock Exchange | Ordinary Share | SG9999003735 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-50.00 | -3.51% | 1,375.00 | 1,300.00 | 1,450.00 | 1,425.00 | 1,375.00 | 1,425.00 | 118 | 15:32:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMXPP 21 April 2020 XP Power Limited ("XP Power" or "the Company") Result of Annual General Meeting The Annual General Meeting of XP Power Limited was held at 401 Commonwealth Drive, Haw Par Technocentre, Lobby B, #02-02, Singapore 149598 on 21 April 2020, commencing at 5.00 p.m. Singapore time. As set out in the Company's trading update released on 3 April 2020, the Board decided to withdraw Resolution 2, to approve the final dividend for 2019 of 36 pence per share. A resolution was tabled at the start of today's Annual General Meeting to withdraw this resolution which was passed unanimously by a show of hands. All other resolutions were unanimously passed by a show of hands. The total cash outflow from the 2019 final dividend was expected to be GBP6.9 million. The Group pays a quarterly dividend and understands the importance of dividends to shareholders. We intend to resume payments as soon as possible. For information, the following table shows the total votes cast by proxy voting on the resolutions that were put to the meeting. The total number of shares in issue was 19,442,296. Resolution Resolution description In Favour Against Withheld number Votes % Votes % Votes 1 To receive and adopt the 14,339,205 99.99% 1,784 0.01% 14,327 reports and audited accounts 3 To re-elect Gavin Griggs 14,353,910 99.99% 1,407 0.01% 0 4 To re-elect Duncan Penny 14,355,317 100.00% 0 0.00% 0 5 To re-elect Polly 14,164,911 98.67% 190,406 1.33% 0 Williams 6 To re-elect James Peters 13,981,935 97.40% 373,381 2.60% 0 7 To re-elect Terry 14,179,238 98.77% 176,079 1.23% 0 Twigger 8 To re-elect Andy Sng 14,353,910 99.99% 1,407 0.01% 0 9 To re-elect Pauline 14,355,317 100.00% 0 0.00% 0 Lafferty 10 To reappoint auditors 14,324,237 99.78% 31,079 0.22% 0 11 Remuneration of auditors 14,340,349 99.90% 14,968 0.10% 0 12 To receive and adopt the 11,125,326 79.15% 2,930,138 20.85% 299,852 Remuneration Policy 13 To receive and adopt the 11,660,119 82.96% 2,395,345 17.04% 299,852 Remuneration Report 14 To approve the 11,075,541 78.80% 2,979,923 21.20% 299,852 Restricted Share Plan 2020 15 Authority to allot 14,074,977 98.05% 280,340 1.95% 0 shares 16 To amend the limit for 14,339,205 99.89% 16,111 0.11% 0 total fees payable to non-executive directors 17 To authorize the issue 14,355,317 100.00% 0 0.00% 0 of shares 18 To authorize the 14,339,205 99.89% 16,111 0.11% 0 disapplication of pre-emption rights 19 Authority for the 14,336,863 99.89% 16,111 0.11% 0 Company to purchase its own shares Note: Percentage of votes cast excludes withheld votes The Board notes that 20.8% of votes cast were against the Remuneration Policy and 21.2% of votes cast were against the adoption of the Restricted Share Plan. The Remuneration Committee engaged in early and extensive consultations with a wide group of the Company's shareholders. It consulted with shareholders covering 61% of the Company's register. The proposed package of measures is aimed at ensuring that the Executive Directors' remuneration arrangements effectively serve the best interests of the Company and its shareholders. The Board will continue to engage with shareholders and the Company will publish an update on that engagement within six months of the Annual General Meeting. The Remuneration Committee will continue to take account of shareholder views in taking decisions on executive remuneration within the Policy. Enquiries: XP Power Duncan Penny, Chief Executive Officer +44 (0)118 984 5515 Gavin Griggs, Chief Financial Officer END
(END) Dow Jones Newswires
April 21, 2020 06:25 ET (10:25 GMT)
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