Result of AGM

RNS Number : 1662M

Vertu Motors PLC

26 July 2017

 

26 July 2017

Vertu Motors plc ("Vertu Motors")

Result of AGM

Vertu Motors plc, the UK automotive retailer with a network of 124 sales and aftersales outlets across the UK and a proven growth strategy, 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	169,877,606	99.98		32,857	0.02		0	0		1,481,924
2	Reappointment of Auditors	157,402,260	91.84		32,857	0.02		13,945,142	8.14		12,128
3	Auditors' Remuneration	170,953,280	99.75		32,857	0.02		400,623	0.23		5,627
4	Final Dividend	171,346,545	99.98		32,857	0.02		0	0		12,985
5	Re-election of Michael Sherwin	170,208,007	99.33		32,857	0.02		1,112,600	0.65		38,923
6	Re-election of Peter Jones	155,514,268	90.76		32,857	0.02		15,806,339	9.22		38,923
7	Re-election of Kenneth Lever	151,386,176	89.67		32,857	0.02		17,413,817	10.31		2,559,537
8	Remuneration Report	157,574,304	99.71		28,857	0.02		420,122	0.27		13,369,104
9	Authority to Allot	165,141,336	96.35		32,857	0.02		6,216,894	3.63		1,300
10	Disapplication of Pre-Emption	165,308,205	96.47		22,857	0.01		6,033,540	3.52		27,785
11	Pre-emption on acquisitions	151,915,331	88.65		22,857	0.01		19,426,374	11.34		27,825
12	Purchase of Own Shares	158,010,048	92.2		22,857	0.01		13,359,142	7.79		340

For further information please contact:

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

Notes to Editors

Vertu Motors, the UK automotive retailer with a proven growth strategy, is the sixth largest automotive retailer in the UK with a network of 124 sales outlets across the UK.  Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell 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 121 franchised sales outlets and 3 non-franchised sales operations from 104 locations across the UK.

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

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

 

END

 

 

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