XEROS TECHNOLOGY GROUP PLC

AGM Information • May 27, 2021

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RNS Number : 0453A

Xeros Technology Group plc

27 May 2021

27 May 2021

Xeros Technology Group plc

Result of Annual General Meeting

Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the developer and licensor of platform technologies which transform the sustainability and economics of clothing and fabrics during their lifetime, 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 6 were passed as ordinary resolutions, and resolutions 7 to 9 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	15,849,640	99.99	159	0.01	15,849,799	66.69	130
To re-elect David Armfield as a Director	15,509,909	97.86	339,816	2.14	15,849,725	66.69	204
To re-elect David Baynes as a director	15,849,385	99.99	340	0.01	15,849,725	66.69	204
To reappoint Grant Thornton UK LLP as auditor	15,847,384	99.99	1,990	0.01	15,849,374	66.69	555
To authorise the Directors to determine auditor remuneration	15,848,997	99.99	782	0.01	15,849,779	66.69	150
To authorise the directors to allot shares	15,848,988	99.99	941	0.01	15,849,929	66.69	0
Special Resolutions
General authority to disapply pre-emption rights	15,845,962	99.98	3,452	0.02	15,849,414	66.68	515
Disapplication of pre-emption rights in connection with an acquisition or specified capital investment	15,847,739	99.99	2,040	0.01	15,849,779	66.69	150
To authorise the Company to purchase its own shares	15,848,649	94.62	1,229	5.38	15,849,878	66.69	51

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 26 May 2021 the total number of ordinary shares in issue was 23,768,132 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 has developed and licenses two platform technologies which transform sustainability, performance and economics in the manufacturing and laundering of garments and fabrics.

Xeros' patented XOrbs™ which are used in conjunction with the company's XDrum™ technology significantly reduce the amount of water and chemistry used in the dyeing, finishing or laundering of garments and fabrics. They increase the efficiency of these processes which require molecules to be either affixed or removed from substrates. In the case of laundry, they are proven to significantly increase the life of clothes and fabrics.  The results being major improvements in economic, operational, product and environmental outcomes.

Xeros' XDrum technology is a low-cost machine drum design which enables XOrbs to be introduced into and subsequently removed from process cycles. The design provides Original Equipment Manufacturers with the ability to make simple changes to their products to incorporate the Company's XOrb technology.

The Group has signed multiple license agreements for its XDrum and XOrb technologies with leading OEMs in major commercial and domestic markets.

XFiltra™ is the Company's proprietary washing machine filtration technology which prevents harmful microfibres including microplastics, generated during washing cycles, from being released into the world's rivers and oceans.  Microfibres released into the environment from clothing and fabrics during their laundering, being a major source of pollution in the environment and contamination in the food chain.

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