Last checked at 2 Jun 2020 11:13
Xaar plc (the "Company")
Result of AGM
The Company is pleased to announce that, at the Annual General Meeting of the Company held on 2 June 2020, all resolutions put to the meeting were duly passed.
A breakdown of the proxy votes lodged prior to the AGM in respect of the resolutions is summarised below:
| In favour* | Against | Abstain |
Resolution 1 | 50,884,579 | 26,989 | 1,498 |
Resolution 2 | 50,850,302 | 52,266 | 10,498 |
Resolution 3 | 50,860,700 | 51,366 | 1,000 |
Resolution 4 | 50,884,579 | 26,989 | 1,498 |
Resolution 5 | 50,876,979 | 34,589 | 1,498 |
Resolution 6 | 50,860,479 | 51,089 | 1,498 |
Resolution 7 | 50,612,715 | 58,489 | 241,862 |
Resolution 8 | 50,592,544 | 58,713 | 261,809 |
Resolution 9 | 50,842,578 | 59,488 | 11,000 |
Resolution 10 | 50,841,578 | 60,488 | 11,000 |
Resolution 11 | 50,611,214 | 300,852 | 1,000 |
Resolution 12 | 50,619,215 | 292,353 | 1,498 |
Resolution 13 | 50,592,544 | 299,077 | 21,445 |
Resolution 14 | 50,833,008 | 58,613 | 21,445 |
*Includes discretionary votes
A copy of the Notice of Annual General Meeting as appended to the Annual Report 2019 has been submitted to the National Storage Mechanism and is available for inspection at http://www.morningstar.co.uk/uk/NSM and https://www.xaar.com/media/2246/4716_xaar_ar_2019_hyperlink.pdf
Shareholders will note that Alison Littley was appointed to the Board as a Non-Executive Director with effect from 1 May 2020. Given that Alison's appointment took place following the finalisation and printing of the notice of today's Annual General Meeting (AGM), the Board was unable to propose a resolution to re-appoint Alison at today's AGM and therefore, in accordance with the Company's articles of association, Alison's appointment lapsed at the end of the meeting. However, immediately following the AGM, the Board re-appointed Alison and a resolution proposing Alison's re-election will be proposed to shareholders at the Company's 2021 AGM.
Enquiries:
Xaar plc | |
Ian Tichias Chief Finance Officer & Company Secretary | +44 (0) 1223 423 663 |