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Share Name Share Symbol Market Type Share ISIN Share Description
Xeros Technology Group Plc LSE:XSG London Ordinary Share GB00BJFLLV84 ORD 0.15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0375 -2.44% 1.4975 1.48 1.515 1.50 1.46 1.48 4,473,976 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 1.8 -18.5 -6.5 - 30

Xeros Technology Group plc Result of AGM

11/06/2020 10:00am

UK Regulatory (RNS & others)


Xeros Technology (LSE:XSG)
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From Apr 2020 to Oct 2020

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TIDMXSG

RNS Number : 6742P

Xeros Technology Group plc

11 June 2020

11 June 2020

Xeros Technology Group plc

Result of Annual General Meeting

Xeros Technology Group plc (AIM: XSG), the developer and provider of water saving and filtration technologies with multiple commercial and domestic applications , 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 10 were passed as special resolutions. The results of the poll were as follows:

 
 Ordinary               Votes for       %   Votes against      %        Total votes       % of issued   Votes withheld 
 Resolutions                                                             instructed     share capital 
                                                                                                voted 
 To receive the 
  Company's 
  financial 
  statements        1,215,686,144     100               0   0.00      1,215,686,144             61.28                0 
                   --------------  ------  --------------  -----  -----------------  ----------------  --------------- 
 To elect Klaas 
  de Boer as a 
  Director          1,181,733,347   97.21      33,952,797   2.79      1,215,686,144             61.28                0 
                   --------------  ------  --------------  -----  -----------------  ----------------  --------------- 
 To re-elect Mark 
  Nichols as a 
  director          1,214,869,586   99.93         816,558   0.07      1,215,686,144             61.28                0 
                   --------------  ------  --------------  -----  -----------------  ----------------  --------------- 
 To re-elect Paul 
  Denney a 
  director          1,215,681,040     100           5,104   0.00      1,215,686,144             61.28                0 
                   --------------  ------  --------------  -----  -----------------  ----------------  --------------- 
 To reappoint 
  Grant Thornton 
  UK LLP as 
  auditor           1,215,626,445     100          59,699   0.00      1,215,686,144             61.28                0 
                   --------------  ------  --------------  -----  -----------------  ----------------  --------------- 
 To authorise the 
  Directors to 
  determine 
  auditor 
  remuneration      1,215,679,747     100           5,104   0.00      1,215,684,851             61.28            1,293 
                   --------------  ------  --------------  -----  -----------------  ----------------  --------------- 
 To authorise the 
  directors to 
  allot shares      1,215,679,747     100           5,104   0.00      1,215,684,851             61.28            1,293 
                   --------------  ------  --------------  -----  -----------------  ----------------  --------------- 
 Special 
 Resolutions 
                   --------------  ------  --------------  -----  -----------------  ----------------  --------------- 
 General 
  authority to 
  disapply 
  pre-emption 
  rights            1,056,941,448     100           5,104   0.00      1,056,946,552             53.28      158,739,592 
                   --------------  ------  --------------  -----  -----------------  ----------------  --------------- 
 Disapplication 
  of pre-emption 
  rights in 
  connection with 
  an acquisition 
  or specified 
  capital 
  investment        1,215,681,040     100           5,104   0.00      1,215,686,144             61.28                0 
                   --------------  ------  --------------  -----  -----------------  ----------------  --------------- 
 To authorise the 
  Company to 
  purchase its 
  own shares        1,150,306,320   94.62      65,379,824   5.38      1,215,686,144             61.28                0 
                   --------------  ------  --------------  -----  -----------------  ----------------  --------------- 
 
   1.       Each shareholder present in person, or by proxy, was entitled to one vote per share held. 

2. Proxy votes which gave discretion to the Chair of the Annual General Meeting have been included in the 'For' total of the appropriate resolution.

3. 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.

4. Votes 'For' and 'Against' any resolution are expressed as a percentage of votes validly cast for that resolution.

5. At the close of business on 10 June 2020 the total number of ordinary shares in issue was 1,983,762,131 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 https://www.xerostech.com

   Enquiries   : 
 
  Xeros Technology Group plc                    Tel: 0114 321 6328 
   Mark Nichols, Chief Executive Officer 
   Paul Denney, Chief Financial Officer 
 
  finnCap Limited (Nominated Adviser, Broker)   Tel: 020 7220 0500 
   Julian Blunt / Teddy Whiley 
   Andrew Burdis / Sunila de Silva 
 

Notes to Editors

Xeros Technology Group plc is a platform technology Group that is transforming water intensive industrial and commercial processes.

Xeros' patented XOrb (TM) technology significantly reduces the amount of water used in the washing or dyeing of soft substrates such as garments and fabrics. They enable the remaining water to become far more efficient and effective in either affixing or removing molecules, the result being improvements in economic, operational, product and sustainability outcomes. The Group is applying its technology in the fields of cleaning, tanning and textiles.

Xeros' XDrum (TM) technology is a patented, simple, low cost machine drum design which enables XOrbs (TM) to be introduced into and subsequently removed from process cycles in Xeros' chosen markets. The design enables rotating drum machine Original Equipment Manufacturers ("OEMs") in the fields of garment manufacture and cleaning, the ability to make simple and low-cost changes in their production lines to incorporate the Company's XOrb (TM) technology.

The Group has signed multiple agreements to develop and license its XDrum (TM) and XOrb (TM) products in major commercial and domestic markets.

XFiltra (TM) is a patented in-machine filtration technology which is designed to prevent harmful micro-plastics generated by washing cycles from being released into the aquacycle. Plastics released from synthetic clothing during washing cycles is one of the single largest sources of primary micro-plastic pollution. For more

information, please visit -    http://www.xerostech.com/ 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

June 11, 2020 05:00 ET (09:00 GMT)

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