Result of AGM

RNS Number : 0079X

Motorpoint Group plc

24 August 2020

 

24 August 2020

Motorpoint Group Plc

 (" Motorpoint " or "the Company")

Result of AGM

Motorpoint, the UK's leading independent omni-channel vehicle retailer announces that, at its Annual General Meeting held on 24 August 2020, all of the Resolutions as set out in the AGM Notice were approved by way of a poll vote by shareholders.

As at the date of the AGM, the number of issued ordinary £0.01 shares of the Company was 90,189,885. 72,085,955 proxy votes were received representing 79.9% of the issued share capital of Motorpoint.

As announced in the Company's Trading Update, James Gilmour did not stand for re-election at the AGM and so resolution 5 was withdrawn from the meeting. The consent of the shareholders present at the meeting was obtained for the withdrawal. Consequently, James Gilmour left the Board at the conclusion of the Annual General Meeting.

Details of the votes received on each resolution by Motorpoint's Registrar are set out below. Full text of all of the resolutions is set out in the Notice of AGM on the Company's website.

	Resolutions	Total Votes
		For (%)	Against (%)	Vote Withheld1
1.	Ordinary resolution to adopt the Company's audited financial statements for the financial year ended 31 March 2020, together with the Directors' Report and the Auditors' Report on those accounts.	72,039,386 (99.99)	6,207 (0.01)	40,361
2.	Ordinary resolution to approve the Directors' Remuneration Report (other than the part containing the Directors' Remuneration Policy).	67,079,621 (93.1)	4,968,788 (6.9)	37,545
3.	Ordinary resolution to approve the Directors' Remuneration Policy.	67,079,666 (93.1)	4,968,788 (6.9)	37,500
4.	Ordinary resolution to re-elect Mark Carpenter as an executive director of the Company.	72,022,108 (99.96)	26,347 (0.04)	37,500
5.	Ordinary resolution to re-elect James Gilmour as an executive director of the Company.	Resolution withdrawn
6.	Ordinary resolution to re-elect Mark Morris as a non-executive director of the Company.	72,049,672 (99.95)	36,282 (0.05)	0
7.	Ordinary resolution to re-elect Mary McNamara as a non-executive director of the Company.	71,374,052 (99.15)	608,903 (0.85)	103,000
8.	Ordinary resolution to re-elect Adele Cooper as a non-executive director of the Company.	72,048,355 (99.99)	100 (0.01)	37,500
9.	Ordinary resolution to re-elect Keith Mansfield as a non-executive director of the Company.	72,048,355 (99.99)	100 (0.01)	37,500
10.	Ordinary resolution to re-appoint PricewaterhouseCoopers LLP as auditors of the Company.	72,048,355 (99.99)	100 (0.01)	37,500
11.	Ordinary resolution to authorise the Board to determine the auditors' remuneration.	72,048,355 (99.99)	100 (0.01)	37,500
12.	Ordinary Resolution to authorise the directors to allot securities up to an aggregate nominal value of £601,266.	71,947,659 (99.86)	100,751 (0.14)	37,545
13.	Special resolution to give the directors power to allot securities for cash without making an offer to shareholders, generally, up to an aggregate nominal value of £ 45,095.	72,047,310 (99.99)	1,145 (0.01)	37,500
14.	Special resolution to give the directors power to allot securities for cash without making an offer to shareholders, in order to finance acquisitions, up to an aggregate nominal value of £ 45,095.	72,042,202 (99.99)	6,252 (0.01)	37,500
15.	Special resolution to give the Company limited authority to purchase up to 9,018,989 of its own shares.	72,042,347 (99.99)	6,107 (0.01)	37,500
16.	Special resolution to authorise general meetings (other than annual general meetings) to be held on not less than 14 clear days' notice.	71,728,022 (99.56)	320,433 (0.44)	37,500

  ¹ A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

In accordance with Listing Rule 9.6.2, the full text of the special resolutions passed at the AGM has been submitted to the National Storage Mechanism and will be available at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Contact Information:
Motorpoint Group Plc (www.motorpointplc.com) Manjit K. Virk, Company Secretary	Via FTI Consulting
FTI Consulting (Financial PR) Alex Beagley James Styles Sam Macpherson	020 3727 1000

Notes to editors

Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Group's principal business is the sale of nearly-new vehicles, the majority of which are up to two years old and which have covered less than 15,000 miles. Motorpoint sells vehicles from brands representing over 95 per cent of new vehicle sales in the United Kingdom, with models from Ford, Vauxhall, Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top sellers. The Group operates from 13 retail sites across the United Kingdom: Birmingham, Birtley, Burnley, Castleford, Chingford, Derby, Glasgow, Newport, Oldbury, Peterborough, Sheffield, Swansea and Widnes, of which five have opened in the last five years; together with a national contact-centre dealing with online enquiries.

More information is available at  www.motorpointplc.com  and  www.motorpoint.co.uk .

 

END

 

 

RAGSELFILESSEDA