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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Xp Power Limited | LSE:XPP | London | Ordinary Share | SG9999003735 | ORD 1P (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,108.00 | 1,112.00 | 1,124.00 | 1,132.00 | 1,110.00 | 1,122.00 | 9,120 | 16:35:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motors And Generators | 316.4M | -9.2M | -0.3885 | -28.62 | 263.34M |
PR Newswire
LONDON, United Kingdom, April 25
25 April 2024
XP Power Limited
("XP Power" or "the Company")
Result of Annual General Meeting
The Annual General Meeting of XP Power Limited was held at 19 Tai Seng Avenue, #07-01, Singapore 534054 on 25 April 2024, commencing at 5.00 p.m. Singapore time. All resolutions were unanimously passed by a show of hands.
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 ordinary shares in issue is 23,681,754 (excluding shares held in treasury).
Resolution number | Resolution description | In Favour |
| Against |
| Withheld | ||
|
| Votes | %age |
| Votes | %age |
| Votes |
1 | To receive the reports and audited accounts for the year ended 31 December 2023 | 16,361,368 | 99.99 |
| 28 | 0.01 |
| 25,000 |
2 | To re-elect Polly Williams as a Director | 16,326,368 | 99.63 |
| 60,028 | 0.37 |
| 0 |
3 | To re-elect Sandra Breene as a Director | 16,326,368 | 99.63 |
| 60,028 | 0.37 |
| 0 |
4 | To re-elect Amina Hamidi as a Director | 16,326,368 | 99.63 |
| 60,028 | 0.37 |
| 0 |
5 | To re-elect Gavin Griggs as a Director | 16,326,368 | 99.63 |
| 60,028 | 0.37 |
| 0 |
6 | To re-elect Jamie Pike as a Director | 16,301,270 | 99.48 |
| 85,126 | 0.52 |
| 0 |
7 | To re-elect Pauline Lafferty as a Director | 16,010,806 | 97.71 |
| 375,590 | 2.29 |
| 0 |
8 | To re-elect Andy Sng as a Director | 15,867,780 | 99.62 |
| 60,407 | 0.38 |
| 0 |
9 | To re-elect Matt Webb as a Director | 15,867,780 | 99.62 |
| 60,407 | 0.38 |
| 0 |
10 | To reappoint PwC LLP as Auditor of the Company | 16,280,071 | 99.35 |
| 106,325 | 0.65 |
| 0 |
11 | To authorise the Directors to determine the Auditor's remuneration | 16,385,939 | 99.99 |
| 457 | 0.01 |
| 0 |
12 | To receive and adopt the Directors' Remuneration Report for the year ended 31 December 2023 | 14,903,242 | 90.95 |
| 1,483,154 | 9.05 |
| 0 |
13 | To approve the Directors' fees of up to £600,000 | 16,325,089 | 99.63 |
| 61,307 | 0.37 |
| 0 |
14 | To authorise the Directors to allot shares up to two thirds of the Company's issued share capital | 12,416,574 | 75.89 |
| 3,944,822 | 24.11 |
| 25,000 |
15 | To authorise the Directors to allot ordinary shares on a non pre-emptive basis | 16,224,579 | 99.01 |
| 161,817 | 0.99 |
| 0 |
16 | To authorise the Directors to allot ordinary shares on a non pre-emptive basis for acquisitions or capital investments | 14,293,280 | 87.23 |
| 2,093,116 | 12.77 |
| 0 |
17 | To authorise the Company to purchase its own shares | 16,300,781 | 99.48 |
| 85,565 | 0.52 |
| 50 |
The Board notes that Resolution 14, the authority for the Directors to allot shares up to two thirds of the Company's issued share capital, was passed with 24.11% of votes cast against. The Company intends to consult with shareholders to understand the reasons behind this outcome.
An update on the engagement with shareholders on Resolution 14, and on any action taken as a result, will be published within six months of today's AGM, in accordance with the UK Corporate Governance Code.
Notes:
Enquiries:
XP Power |
|
Ruth Cartwright, Company Secretary | +44 (0)118 984 5515 |
|
|
Citigate Dewe Rogerson |
|
Kevin Smith/Lucy Gibbs | +44 (0)207 638 9571 |
1 Year Xp Power Chart |
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