XP Power (GB:XPP) has released an update.
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At XP Power Limited’s Annual General Meeting held in Singapore, shareholders unanimously approved all proposed resolutions with a significant majority, while Resolution 14, concerning the authorization to allot shares up to two-thirds of the company’s issued share capital, faced a notable dissent of 24.11%. The company has committed to engaging with shareholders to understand their concerns regarding this resolution and will report back within six months in compliance with the UK Corporate Governance Code.
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