Result of AGM

RNS Number : 2838N

Vertu Motors PLC

24 July 2014

 



24 July 2014

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

Result of Annual General Meeting

Vertu Motors plc, 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	213,595,838	99.99		17,702	0.01		0	0.00		50,989
2		Reappointment of Auditors	213,063,638	99.98		17,702	0.01		1,500	0.01		581,689
3		Auditors' Remuneration	213,645,327	99.98		17,702	0.01		1,500	0.01		0
4		Final Dividend	213,646,827	99.99		17,702	0.01		0	0.00		0
5		Re-election of Robert Forrester	213,635,057	99.98		17,702	0.01		11,770	0.01		0
6		Re-election of Nigel Stead	213,582,403	99.96		17,702	0.01		64,424	0.03		0
7		Remuneration Report	213,017,423	99.70		13,702	0.01		628,459	0.29		4,945
8		Authority to Allot	213,016,368	99.97		17,702	0.01		38,770	0.02		591,689
9		Disapplication of Pre-Emption	213,608,327	99.97		7,702	0.01		48,500	0.02		0
10		Purchase of Own Shares	213,629,290	99.98		10,702	0.01		14,537	0.01		10,000

- Ends -

For further information please contact:

Vertu Motors plc
Robert Forrester, CEO	Tel: [phone]
Michael Sherwin, FD	Tel: [phone]

Panmure Gordon (UK) Limited
Hugh Morgan / Callum Stewart	Tel: [phone]

Liberum Capital Limited
Peter Tracey / Jamie Richards	Tel: [phone]

Camarco
Billy Clegg / Georgia Mann	Tel: [phone]

Notes to Editors

Vertu Motors is the sixth largest automotive retailer in the UK with a network of 108 sales and aftersales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell Land Rover 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 106 franchised sales outlets and 2 non-franchised sales operations from 88 locations across the UK.

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

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

 

END

 

 

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