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.