Last checked at 20 Oct 2022 10:45
For immediate release
20 October 2022
Xeros Technology Group plc
("Xeros", the "Group" or the "Company")
Results of General Meeting and Total Voting Rights
Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, is pleased to announce that further to the Company's announcement of 30 September 2022, at the General Meeting held earlier today the Resolutions proposed were duly passed by shareholders.
Full details of the Resolutions were set out in the Circular published by Xeros on 3 October 2022. The Circular is available for inspection in electronic form on the Company's website, www.xerostech.com.
Details of the proxies from Shareholders in respect of each of the Resolutions are set out below:
Resolution | For Number | % | Against Number | % | Withheld Number |
Ordinary Resolution 1 | 14,299,064 | 99.95% | 7,343 | 0.05% | 226 |
Special Resolution 2 | 14,299,064 | 99.95% | 7,343 | 0.05% | 226 |
Special Resolution 3 | 14,299,064 | 99.95% | 7,343 | 0.05% | 226 |
Special Resolution 4 | 14,298,664 | 99.95% | 7,743 | 0.05% | 226 |
Notes:
1. Percentages are expressed as a proportion of the total votes cast (which does not include votes withheld).
2. 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" a Resolution.
3. Any proxy appointments which gave discretion to the Chairman have been included in the "For" totals.
The Placing remains conditional upon the Placing Agreement becoming unconditional in all respects and upon Admission. Admission of the New Ordinary Shares is expected to occur on 21 October 2022.
Total Voting Rights
Following Admission, the Company will have in issue 150,980,123 Ordinary Shares, with no shares held in treasury. Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
This announcement should be read in conjunction with the full text of the Circular issued on 3 October 2022. All capitalised/defined terms used in this announcement and not otherwise defined shall have the meanings given to them in the Circular.
Enquiries:
Xeros Technology Group plc Neil Austin, Chief Executive Officer Paul Denney, Chief Financial Officer
| Tel: 0114 321 6328 |
finnCap Limited (Nominated Adviser & Broker) Julian Blunt / Teddy Whiley / George Dollemore, Corporate Finance Andrew Burdis / Sunila de Silva, ECM
| Tel: 020 7220 0500 |
Yellow Jersey PR Sarah Hollins / Lilian Filips / Laurie Gellhorn | Tel: 020 3004 9512 |
Notes for editors:
POWERED BY SCIENCE, XEROS CREATE TECHNOLOGIES ENGINEERED FOR THE FUTURE
Born out of textile research and advancing new standards of performance and responsibility, Xeros' technologies revolutionise the way we make and clean our clothes, conserving water and preventing waste. Designed to impact industries and people on a global scale, Xeros transforms the performance, impact and economics of the fashion and washing machine industry.
Xeros enables the scaling of its innovations and impact by licencing its intellectual property to partners across the globe. Their work has, to date, created 38 patent families.
Xeros' technologies are already in use in major global industries, including commercial and home laundry and garment manufacture. So far, these technologies have saved millions of litres of water and could prevent billions of microfibres from ending in our oceans.
TO THE POWER OF CHANGE
xerostech.com