XEROS TECHNOLOGY GROUP PLC

AGM Information • Jun 11, 2020

National Storage Mechanism | Additional information

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 Resolutions	Votes for	%	Votes against	%	Total votes instructed	% of issued share capital voted	Votes withheld
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   Mark Nichols, Chief Executive Officer   Paul Denney, Chief Financial Officer	Tel: 0114 321 6328
finnCap Limited (Nominated Adviser, Broker)   Julian Blunt / Teddy Whiley   Andrew Burdis / Sunila de Silva	Tel: 020 7220 0500

Notes to Editors

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

Xeros' patented XOrbTM 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' XDrumTM technology is a patented, simple, low cost machine drum design which enables XOrbsTM 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 XOrbTM technology.

The Group has signed multiple agreements to develop and license its XDrumTM and XOrbTM products in major commercial and domestic markets.

XFiltraTM 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/  

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