AGM results

RNS Number : 5640U

Inchcape PLC

15 May 2008

 



Results of Inchcape AGM 2008

The 50th Annual General Meeting of Inchcape plc was held today, 15 May 2008.  At the meeting all resolutions, both ordinary and special, proposed by the Inchcape board (Resolutions 1 to 14) were passed, including the declaration of a final dividend of 10.5p per ordinary share (2006 - 10.0p).  The dividend is payable on 17 June 2008 to ordinary shareholders on the register at the close of business on 23 May 2008.

The number of votes cast on each resolution is as follows:

Resolutions proposed by the Board:

Resolution	Votes For	% For	Against Votes	% Against	Votes Withheld
1. To receive the Accounts and Directors' and Auditors Reports	315,780,351	99.80%	638,048	0.20%	36,734,434
2. To approve the Board Report on Remuneration	349,357,004	99.21%	2,798,979	0.79%	996,850
3. To declare a final dividend for the year ended 31 December 2007	353,044,431	100.00%	1,986	0.00%	106,092
4. To elect Graham Pimlott as a Director who was appointed since the last AGM	352,525,676	99.86%	477,677	0.14%	149,480
5. To re-elect Will Samuel as a Director	352,275,931	99.79%	737,596	0.21%	139,306
6. To re-elect André Lacroix as a Director	350,495,083	99.29%	2,519,268	0.71%	138,482
7. To re-elect Barbara Richmond as a Director	352,535,701	99.86%	484,438	0.14%	132,694
8. To re-elect Raymond Ch'ien as a Director	310,545,303	98.76%	3,911,719	1.24%	38,695,811
9. To reappoint PricewaterhouseCoopers LLP as Auditors	348,525,617	98.92%	3,821,377	1.08%	812,839
10. To authorise the Directors to determine the Auditors' remuneration	350,339,501	99.24%	2,694,582	0.76%	118,750
11. To authorise the Directors to allot relevant securities pursuant to section 80 of the Companies Act 1985	352,280,456	99.79%	741,931	0.21%	130,446
12. To empower the Directors to disapply pre-emption rights pursuant to Section 95 of the Companies Act 1985	347,233,044	98.43%	5,525,397	1.57%	394,392
13. To authorise the Company to make market purchases of its ordinary shares up to 10.0% of its issued share capital	352,981,091	99.99%	50,659	0.01%	121,083
14. Adopt new Articles of Association	352,294,011	99.80%	713,440	0.20%	145,382

At today's AGM the Company's Articles were amended to reflect certain changes in English company law brought about by the Companies Act 2006.  

Further details of these changes were disclosed in the Notice of AGM sent to shareholders on 27 March 2008.

For further information, please contact:

Group Communications, Inchcape plc

[phone]

Investor Relations, Inchcape plc

[phone]

Financial Dynamics (Jonathon Brill/Billy Clegg)           

[phone]

Notes to editors

Inchcape plc is the leading independent, international automotive retailer, with scale operations in Australia, Belgium, Greece, Hong Kong, Singapore and the UK. The Group also has operations in a number of other markets, including Eastern Europe, the Baltics, China, Russia and South America. In addition to growing its core businesses, Inchcape is looking to develop scale operations in new and emerging regions. It represents leading automotive brands and operates either a retail, or a vertically integrated retail model (i.e. exclusive distribution and retail), depending on the market. Inchcape's current key manufacturer partners are Toyota/Lexus, Subaru, BMW, Mazda, Mercedes-Benz, Volkswagen, Audi and Honda.

For further information, visit us at www.inchcape.com

 

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