Update re Annual General Meeting

RNS Number : 5860F

Motorpoint Group plc

19 July 2021

 

19 July 2021

Motorpoint Group Plc

( " Motorpoint " or the " Company " )

Update re Annual General Meeting ("AGM" or the "Meeting")

Motorpoint, the UK's leading independent omni-channel vehicle retailer, announces that, in light of the rise in the number of coronavirus cases reported in the UK, and in order to protect the health and safety of the Company's shareholders and colleagues, the Company's Annual General Meeting to be held at 10:00 a.m. on Tuesday 27 July 2021 will now be held as a closed Meeting.

The Meeting will be convened with the minimum necessary quorum of two shareholders, facilitated by the Company. Regrettably, no additional shareholders will be able to attend the AGM in person and any person seeking to attend the Meeting will be refused entry. The Company therefore strongly encourages all shareholders to appoint the Chair of the Meeting as their proxy and to submit their voting instructions electronically in advance of the Meeting, in accordance with the instructions contained in the Notice of AGM.

The Board recognises that the AGM provides an important opportunity to engage with shareholders. Given the changed format of the Meeting, the Company will ensure that shareholders can follow the proceedings using a conference call link and requests that any questions are submitted in writing prior to the AGM. Shareholders may obtain the conference call details or submit a question, by writing to [e-mail] with details of their name, shareholding and question by 10:00 am on 26 July 2021. 

For further information please contact:

Motorpoint Group PLC Chris Morgan, CFO & Company Secretary	via FTI Consulting
FTI Consulting (Financial PR) Alex Beagley James Styles Sam Macpherson	020 3727 1000 [e-mail];

Notes to editors

Motorpoint is the UK's leading independent omnichannel vehicle retailer, selling through its E-commerce platforms of Motorpoint.co.uk and Auction4Cars.com and 14 retail branches. The Group's principal business is the sale of nearly-new vehicles, which are up to three years old and have covered less than 30,000 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 14 retail branches across the United Kingdom: Birmingham, Birtley, Burnley, Castleford, Chingford, Derby, Glasgow, Newport, Oldbury, Peterborough, Sheffield, Stockton on Tees, Swansea and Widnes, of which six have opened in the last five years; together with E-commerce channels for retail and trade, supported by a customer contact centre.

 

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