Later RNS at 15:2318 May 2012 18:53
Company H.R. Owen PLC
TIDM HRO
Headline Result of AGM
Released 15:23 18-May-2012
Number 21521-2314
H.R. OWEN PLC
A Public Limited Company
Registered No. 1753134
The following resolutions were duly passed by Members of the Company at the
Annual General Meeting on 18 May 2012:-
ORDINARY RESOLUTION
That the sale on arm's-length terms by the Company's subsidiary, Broughtons of
Cheltenham Limited (`Broughtons'), of a new Aston Martin Virage, on or about 6
January 2012, to Joe Doyle, a director of Broughtons and the Company, be
affirmed.
ORDINARY RESOLUTION
That the sale on arm's-length terms by the Company's subsidiary, H.R. Owen
Dealerships Limited (`H.R. Owen Dealerships'), of a used Rolls-Royce Ghost, on
or about 25 January 2012, to Jon Walden, a director of the Company, be
affirmed.
ORDINARY RESOLUTION
That the sale on arm's-length terms by the Company's subsidiary, H.R. Owen
Dealerships Limited, of a used Rolls-Royce Phantom, on or about 17 May 2011, to
Jon Walden, a director of the Company, be affirmed.
ORDINARY RESOLUTION
That the sale on arm's-length terms by the Company's subsidiary, H.R. Owen
Dealerships Limited, of a new Ferrari California, on or about 9 May 2011, to
Adrian Martin, a director of the Company, be affirmed.
ORDINARY RESOLUTION
That the rules of the H.R. Owen 2012 Long Term Incentive Plan (the "Plan")
produced in draft to this meeting and, for the purposes of identification,
initialled by the Chairman, and the principal terms of which are summarised in
Appendix 2 to this Notice of Annual General Meeting be approved and the
Directors be authorised to:
a. adopt the Plan and to do all such acts and things as they may consider
appropriate to implement the Plan; and
b. establish further plans based on the Plan but modified to take account of
local tax, exchange control or securities laws in overseas territories,
provided that any shares made available under such further plans are
treated as counting against the limits on individual or overall
participation in the Plan.
ORDINARY RESOLUTION
The directors be generally and unconditionally authorised in accordance with
section 551 of the Companies Act 2006 (`the Act') to exercise all the powers of
the Company to allot shares in the Company and to grant rights to subscribe
for, or to convert any security into, shares in the Company (`Rights') up to an
aggregate nominal amount of £3,935,290 during the period commencing on the date
of the passing of this resolution and expiring at the conclusion of the next
Annual General Meeting of the Company or on 30 June 2013 whichever shall be the
earlier, and provided that the Company may at any time before such expiry make
offers or agreements which would or might require shares
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