Result of AGM

RNS Number : 7474V

Vertu Motors PLC

25 July 2018

 

25 July 2018

Vertu Motors plc ("Vertu Motors")

Result of AGM

Vertu Motors plc, the UK automotive retailer with a network of 125 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.  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	194,994,845	99.99		5,338	0.01		0	0		1,161,183
2	Reappointment of Auditors	194,344,695	99.08		5,338	0.01		1,791,790	0.91		19,543
3	Auditors' Remuneration	196,151,900	99.98		5,338	0.01		2,000	0.01		2,128
4	Final Dividend	196,156,028	99.99		5,338	0.01		0	0		0
5	Re-election of Robert Forrester	195,946,873	99.88		5,338	0.01		206,069	0.11		3,086
6	Re-election of Nigel Stead	166,408,271	84.83		5,338	0.01		29,744,671	15.16		3,086
7	Re-election of Pauline Best	166,390,856	84.83		5,338	0.01		29,744,671	15.16		20,501
8	Remuneration Report	195,550,115	99.98		5,338	0.01		18,279	0.01		587,634
9	Authority to Allot	194,945,230	99.67		5,338	0.01		625,023	0.32		585,775
10	Disapplication of Pre-Emption	196,119,818	99.98		5,338	0.01		14,709	0.01		21,501
11	Pre-emption on acquisitions	192,597,489	98.19		5,338	0.01		3,537,038	1.8		21,501
12	Purchase of Own Shares	195,187,562	99.69		5,338	0.01		596,012	0.3		372,454

For further information please contact:

Vertu Motors plc Robert Forrester, CEO Michael Sherwin, CFO	Tel: [phone] Tel: [phone]
Camarco Billy Clegg Tom Huddart	Tel: [phone]
Canaccord Genuity Limited Chris Connors Henry Fitzgerald O'Connor Richard Andrews	Tel: [phone]
Zeus Capital Limited Dominic King	Tel: [phone]

Notes to Editors

Vertu, the UK automotive retailer with a proven growth strategy, is the sixth largest automotive retailer in the UK with a network of 125 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell and Macklin Motors brand names.

Vertu was established in November 2006 with the strategy to consolidate the UK automotive retail sector. It is intended that the Group will continue to acquire automotive 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 122 franchised sales outlets and 3 non-franchised sales outlets from 106 locations across the UK.

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

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

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

 

END

 

 

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