Annual General Meeting
21 April 2020
The Annual General Meeting of XP Power Limited was held at 401 Commonwealth Drive, Haw Par Technocentre, Lobby B, #02-02, Singapore 149598 on 21 April 2020, commencing at 5.00 p.m. Singapore time.
As set out in the Company’s trading update released on 3 April 2020, the Board decided to withdraw Resolution 2, to approve the final dividend for 2019 of 36 pence per share. A resolution was tabled at the start of today’s Annual General Meeting to withdraw this resolution which was passed unanimously by a show of hands. All other resolutions were unanimously passed by a show of hands.
For information, the following table shows the total votes cast by proxy voting on the resolutions that were put to the meeting. The total number of shares in issue was 19,442,296.
| Resolution number | Resolution description | In Favour | Against | Withheld | |||
| Votes | % | Votes | % | Votes | |||
| 1 | To receive and adopt the reports and audited accounts | 14,339,205 | 99.99% | 1,784 | 0.01% | 14,327 | |
| 3 | To re-elect Gavin Griggs | 14,353,910 | 99.99% | 1,407 | 0.01% | 0 | |
| 4 | To re-elect Duncan Penny | 14,355,317 | 100.00% | 0 | 0.00% | 0 | |
| 5 | To re-elect Polly Williams | 14,164,911 | 98.67% | 190,406 | 1.33% | 0 | |
| 6 | To re-elect James Peters | 13,981,935 | 97.40% | 373,381 | 2.60% | 0 | |
| 7 | To re-elect Terry Twigger | 14,179,238 | 98.77% | 176,079 | 1.23% | 0 | |
| 8 | To re-elect Andy Sng | 14,353,910 | 99.99% | 1,407 | 0.01% | 0 | |
| 9 | To re-elect Pauline Lafferty | 14,355,317 | 100.00% | 0 | 0.00% | 0 | |
| 10 | To reappoint auditors | 14,324,237 | 99.78% | 31,079 | 0.22% | 0 | |
| 11 | Remuneration of auditors | 14,340,349 | 99.90% | 14,968 | 0.10% | 0 | |
| 12 | To receive and adopt the Remuneration Policy | 11,125,326 | 79.15% | 2,930,138 | 20.85% | 299,852 | |
| 13 | To receive and adopt the Remuneration Report | 11,660,119 | 82.96% | 2,395,345 | 17.04% | 299,852 | |
| 14 | To approve the Restricted Share Plan 2020 | 11,075,541 | 78.80% | 2,979,923 | 21.20% | 299,852 | |
| 15 | Authority to allot shares | 14,074,977 | 98.05% | 280,340 | 1.95% | 0 | |
| 16 | To amend the limit for total fees payable to non-executive directors | 14,339,205 | 99.89% | 16,111 | 0.11% | 0 | |
| 17 | To authorize the issue of shares | 14,355,317 | 100.00% | 0 | 0.00% | 0 | |
| 18 | To authorize the disapplication of pre-emption rights | 14,339,205 | 99.89% | 16,111 | 0.11% | 0 | |
| 19 | Authority for the Company to purchase its own shares | 14,336,863 | 99.89% | 16,111 | 0.11% | 0 |
Note: Percentage of votes cast excludes withheld votes
