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Vertu Motors PLC (VTU)

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Wednesday 22 June, 2022

Vertu Motors PLC

AGM Result

RNS Number : 8110P
Vertu Motors PLC
22 June 2022
 

22 June 2022

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

Result of AGM

Vertu Motors plc, the UK automotive retailer with a network of 160 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

159,839,488

99.51



787,061

0.49 


706,743 

2

Reappointment of Auditors

159,752,537

99.04 



1,556,426

0.96 


24,329 

3

Auditors' Remuneration

160,954,602

99.97 



54,646

0.03 


324,044 

4

Dividend

133,513,622

82.77 



27,793,494

17.23 


26,176 

5

Re-election of Andrew Goss

133,414,520

82.71 



27,892,596

17.29 


26,176 

6

Re-election of Karen Anderson

161,309,928

99.99



20,615

0.01 


2,749 

7

Remuneration Report

151,328,925

93.80



10,000,414

6.20 


3,953 

8

Authority to Allot

157,905,880

98.23



2,841,770

1.77 


585,642

9

Disapplication of Pre-Emption

145,402,772

90.14



15,898,934

9.86 


31,586 

10

Pre-emption on acquisitions

160,055,549

99.21



1,267,420

0.79


10,323 

 11

Purchase of Own Shares

154,451,329

99.48



809,773

0.52


6,072,190

 

- Ends -

For further information please contact:

Vertu Motors plc


Robert Forrester, CEO

Tel: 0191 491 2121

Karen Anderson, CFO

Tel: 0191 491 2121

Zeus Capital Limited


Jamie Peel

Andrew Jones

Dominic King

Tel: 020 3829 5000

Camarco


Billy Clegg

Tom Huddart

Tel: 020 3757 4983

 

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 160 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, 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 156 franchised sales outlets and 4 non-franchised sales operations from 121 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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