AGM Result

RNS Number : 8110P

Vertu Motors PLC

22 June 2022

 

22 June 2022

Vertu Motors plc ("Vertu Motors" or "Company")

Result of AGM

Vertu Motors plc, the UK automotive retailer with a network of 160 sales and aftersales outlets across the UK, announces that all resolutions put to shareholders at the Annual General Meeting held earlier today were duly passed and the proxy voting results are set out below.

		In Favour				Against			Withheld
Resolution		Votes	% age			Votes	% age		Votes
1	Annual Report and Accounts	159,839,488	99.51			787,061	0.49		706,743
2	Reappointment of Auditors	159,752,537	99.04			1,556,426	0.96		24,329
3	Auditors' Remuneration	160,954,602	99.97			54,646	0.03		324,044
4	Dividend	133,513,622	82.77			27,793,494	17.23		26,176
5	Re-election of Andrew Goss	133,414,520	82.71			27,892,596	17.29		26,176
6	Re-election of Karen Anderson	161,309,928	99.99			20,615	0.01		2,749
7	Remuneration Report	151,328,925	93.80			10,000,414	6.20		3,953
8	Authority to Allot	157,905,880	98.23			2,841,770	1.77		585,642
9	Disapplication of Pre-Emption	145,402,772	90.14			15,898,934	9.86		31,586
10	Pre-emption on acquisitions	160,055,549	99.21			1,267,420	0.79		10,323
11	Purchase of Own Shares	154,451,329	99.48			809,773	0.52		6,072,190

- Ends -

For further information please contact:

Vertu Motors plc
Robert Forrester, CEO	Tel: [phone]
Karen Anderson, CFO	Tel: [phone]
Zeus Capital Limited
Jamie Peel Andrew Jones Dominic King	Tel: [phone]
Camarco
Billy Clegg Tom Huddart	Tel: [phone]

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 160 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Macklin Motors brand names.

Vertu Motors was established in November 2006 with the strategy to consolidate the UK motor retail sector.  It is intended that the Group will continue to acquire motor retail operations to grow a scaled dealership group.  The Group's acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network. The Group currently operates 156 franchised sales outlets and 4 non-franchised sales operations from 121 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".

Vertu Motors Group websites - https://investors.vertumotors.com/ / www.vertucareers.com

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.vertumotorcyles.com

 

END

 

 

RAGMZGZVGZLGZZM