Last checked at 20 Jul 2016 11:04
20 July 2016
Vertu Motors plc ("Vertu Motors")
Result of AGM
Vertu Motors plc, the UK automotive retailer with a network of 132 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 | 174,583,993 | 99.16 | 17,680 | 0.01 | 1,456,700 | 0.83 | 487,822 | |||
2 | Reappointment of Auditors | 161,056,369 | 91.23 | 16,552 | 0.01 | 15,469,346 | 8.76 | 3,928 | |||
3 | Auditors' Remuneration | 174,828,306 | 99.03 | 16,552 | 0.01 | 1,700,209 | 0.96 | 1,128 | |||
4 | Final Dividend | 176,529,643 | 99.99 | 16,552 | 0.01 | 0 | 0 | 0 | |||
5 | Re-election of Robert Forrester | 175,530,898 | 99.42 | 16,552 | 0.01 | 998,745 | 0.57 | 0 | |||
6 | Re-election of Nigel Stead | 169,986,487 | 96.29 | 16,552 | 0.01 | 6,540,356 | 3.7 | 2,800 | |||
7 | Election of Pauline Best | 176,307,745 | 99.87 | 16,552 | 0.01 | 217,970 | 0.12 | 3,928 | |||
8 | Re-election of William Teasdale | 168,284,849 | 95.32 | 16,552 | 0.01 | 8,241,994 | 4.67 | 2,800 | |||
9 | Remuneration Report | 176,496,800 | 99.98 | 16,552 | 0.01 | 24,798 | 0.01 | 8,045 | |||
10 | Authority to Allot | 162,741,627 | 99.72 | 16,552 | 0.01 | 435,674 | 0.27 | 13,352,342 | |||
11 | Disapplication of Pre-Emption | 176,496,717 | 99.97 | 16,552 | 0.01 | 30,126 | 0.02 | 2,800 | |||
12 | Purchase of Own Shares | 163,166,475 | 92.43 | 16,552 | 0.01 | 13,352,768 | 7.56 | 10,400 | |||
13 | LTIP changes | 176,500,062 | 99.98 | 16,552 | 0.01 | 11,851 | 0.01 | 17,730 | |||
14 | Adoption of articles | 176,514,941 | 99.98 | 16,552 | 0.01 | 11,902 | 0.01 | 2,800 | |||
For further information please contact:
Vertu Motors plc |
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Robert Forrester, CEO | Tel: 0191 491 2111 |
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Michael Sherwin, FD | Tel: 0191 491 2112 |
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Liberum |
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Peter Tracey | Tel: 020 3100 2000 |
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Richard Crawley |
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Jamie Richards |
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Zeus Capital Limited |
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Adam Pollock | Tel: 020 7533 7727 |
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Camarco |
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Billy Clegg | Tel: 020 3757 4983 |
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Georgia Mann | |||
Notes to Editors
Vertu Motors, the UK automotive retailer with a proven growth strategy, is the fifth largest automotive retailer in the UK with a network of 132 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 129 franchised sales outlets and 3 non-franchised sales operations from 109 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.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.southherefordgarages.co.uk / www.vertumercedes-benz.com