Result of AGM

Vertu Motors PLC
25 June 2024
 

25 June 2024

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

Result of AGM

Vertu Motors plc, the UK automotive retailer with a network of 189 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

155,735,623

99.74


402,800

0.26


615,354

2

Reappointment of Auditors

142,126,110

98.98


1,467,078

1.02


13,160,589

3

Auditors' Remuneration

156,689,379

99.97


43,633

0.03


20,765

4

Dividend

156,739,957

100


0

0


13,820

5

Election of David Gillard

156,126,790

99.61


613,167

0.39


13,820

6

Election of Jonathan Mewett

156,385,245

99.77


354,712

0.23


13,820

7

Re-election of David Crane

154,708,082

98.7


2,031,875

1.3


13,820

8

Remuneration Report

155,048,118

98.93


1,673,369

1.07


32,290

9

Authority to Allot

155,787,409

99.77


357,935

0.23


608,433

10

Disapplication of Pre-Emption

155,453,198

99.19


1,273,835

0.81


26,744

11

Pre-emption on Acquisitions

155,204,834

99.03


1,522,199

0.97


26,744

12

Purchase of Own Shares

156,051,168

99.63


586,689

0.37


115,920

 

 

- Ends -

For further information please contact:

Vertu Motors plc

 

 

Robert Forrester, CEO

0191 491 2121

Karen Anderson, CFO

0191 491 2121

Phil Clark, Investor relations

PClark@vertumotors.com





Stifel (Nominated Adviser and Broker)

 

Matthew Blawat

0207 710 7688

Nick Harland






Camarco

 

 

Billy Clegg



020 3757 4983

Tom Huddart












Notes to Editors

 



Vertu Motors is the fourth largest automotive retailer in the UK with a network of 189 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu 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 185 franchised sales outlets and 4 non-franchised sales operations from 143 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

 

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