XP Power Share Allotment Resolution Passes
Company Announcements

XP Power Share Allotment Resolution Passes

XP Power (GB:XPP) has released an update.

At the recent Annual General Meeting, XP Power Limited reported that Resolution 14, which allows Directors to allot shares up to two-thirds of the issued share capital, was passed with 75.89% approval. The approval faced opposition primarily from two significant shareholders due to their internal policies on share allocation. Despite this, the company’s Board has no immediate plans to use this authority and is open to ongoing shareholder dialogue as reflected in their commitment to engagement.

For further insights into GB:XPP stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskXP Power Sees Q3 Growth Amidst Market Headwinds
TipRanks UK Auto-Generated NewsdeskXP Power Weathers Market Slowdown, Stays Optimistic
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App