Xaar Regulatory News (XAR)

4 December 2024

Xaar plc (the "Company")

Update statement on 2024 Annual General Meeting voting results

Xaar plc ("Xaar" or "the Group" or "the Company"), the leading inkjet printing technology group today provides an update statement on voting at the 2024 Annual General Meeting ("AGM"), in accordance with the requirements of provision 4 of the UK Corporate Governance Code.

As previously announced, at the AGM held on 29 May 2024 all resolutions were duly passed. However, in respect of Resolution 12 (the power to allot securities) (the "Resolution"), the Company acknowledges that some of its shareholders did not support the Resolution (of votes cast, 78.91% voted in favour).

In preparing Resolution 12, the Company followed best practice including the Investment Association's share capital management guidelines, and so was in accordance with institutional investor guidance. The Directors may consider using the authority afforded to them by Resolution 12 if they believe it will support them in capitalising on the right investment opportunities which may help them in delivering the Company's strategic objectives. Consequently, the Board believes that it is in the best interests of shareholders that the Company has the power to allot securities as afforded by this resolution.

Substantially all votes against Resolution 12 were received from one shareholder with whom we have sought and received feedback. A further update will be given in the 2024 Annual Report.

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