Result of AGM

RNS Number : 1662M
Vertu Motors PLC
26 July 2017
 

26 July 2017

Vertu Motors plc ("Vertu Motors")

Result of AGM

 

Vertu Motors plc, the UK automotive retailer with a network of 124 sales and aftersales outlets across the UK and a proven growth strategy, announces that all resolutions put to shareholders at the Annual General Meeting held earlier today were duly passed.  The proxy voting results are set out below:

 


In Favour


Discretion


Against


Withheld

Resolution

Votes

%age

Votes

%age

Votes

%age

Votes

1

Annual Report and Accounts

169,877,606

99.98


32,857

0.02


0

0


1,481,924

2

Reappointment of Auditors

157,402,260

91.84


32,857

0.02


13,945,142

8.14


12,128

3

Auditors' Remuneration

170,953,280

99.75


32,857

0.02


400,623

0.23


5,627

4

Final Dividend

171,346,545

99.98


32,857

0.02


0

0


12,985

5

Re-election of Michael Sherwin

170,208,007

99.33


32,857

0.02


1,112,600

0.65


38,923

6

Re-election of Peter Jones

155,514,268

90.76


32,857

0.02


15,806,339

9.22


38,923

7

Re-election of Kenneth Lever

151,386,176

89.67


32,857

0.02


17,413,817

10.31


2,559,537

8

Remuneration Report

157,574,304

99.71


28,857

0.02


420,122

0.27


13,369,104

9

Authority to Allot

165,141,336

96.35


32,857

0.02


6,216,894

3.63


1,300

10

Disapplication of Pre-Emption

165,308,205

96.47


22,857

0.01


6,033,540

3.52


27,785

11

Pre-emption on acquisitions

151,915,331

88.65


22,857

0.01


19,426,374

11.34


27,825

12

Purchase of Own Shares

158,010,048

92.2


22,857

0.01


13,359,142

7.79


340

 

 

For further information please contact:

Vertu Motors plc
Robert Forrester, CEO
Michael Sherwin, CFO

Tel: 0191 491 2111
Tel: 0191 491 2112

Canaccord Genuity Limited

Bruce Garrow
Chris Connors
Richard Andrews

Tel: 020 7523 8000

Zeus Capital Limited
Dominic King

Tel: 020 3829 5000

Camarco

Billy Clegg

Tom Huddart

Tel: 020 3757 4983

Notes to Editors

Vertu Motors, the UK automotive retailer with a proven growth strategy, is the sixth largest automotive retailer in the UK with a network of 124 sales outlets across the UK.  Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell and 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 121 franchised sales outlets and 3 non-franchised sales operations from 104 locations across the UK.

Vertu Motors Group websites - www.vertumotors.com / www.vertucareers.com

Vertu brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.vertumercedes-benz.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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