XP Power Ltd - 2024 Annual General Meeting Voting Outcome Update
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2024 Annual General Meeting Voting Outcome Update
At the XP Power Annual General Meeting (AGM) held on
The Company notes that the voting outcome was primarily the result of two significant shareholders voting against Resolution 14. Following the AGM, the Board actively engaged with these shareholders to understand the rationale behind their vote against. The feedback indicated that the votes reflected their application of internal policies as applied to all their investments, which either specifically oppose the principle of Directors' authority to allot shares or have a lower threshold for the issuance of new shares than that proposed in the Resolution.
Resolution 14 sought authority to allot shares in line with the Share Capital Management Guidelines published by the
The Company remains committed to ongoing engagement with shareholders and welcomes feedback. A final summary will be provided in the Company's 2024 Annual Report.
Enquiries:
XP Power Ruth Cartwright , Company Secretary +44 (0)118 984 5515Citigate Dewe Rogerson Kevin Smith/Lucy Gibbs +44 (0)207 638 9571