Vertu Motors PLC Result of AGM (7381E)

TIDMVTU

RNS Number : 7381E

Vertu Motors PLC

20 July 2016

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 
--------------------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
           Annual Report 
       1    and Accounts        174,583,993      99.16        17,680      0.01     1,456,700      0.83       487,822 
---------  ---------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
           Reappointment 
       2    of Auditors         161,056,369      91.23        16,552      0.01    15,469,346      8.76         3,928 
---------  ---------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
           Auditors' 
       3    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 
---------  ---------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
           Re-election 
            of Robert 
       5    Forrester           175,530,898      99.42        16,552      0.01       998,745      0.57             0 
---------  ---------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
           Re-election 
       6    of Nigel Stead      169,986,487      96.29        16,552      0.01     6,540,356       3.7         2,800 
---------  ---------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
           Election of 
       7    Pauline Best        176,307,745      99.87        16,552      0.01       217,970      0.12         3,928 
---------  ---------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
           Re-election 
            of William 
       8    Teasdale            168,284,849      95.32        16,552      0.01     8,241,994      4.67         2,800 
---------  ---------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
           Remuneration 
       9    Report              176,496,800      99.98        16,552      0.01        24,798      0.01         8,045 
---------  ---------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
           Authority 
       10   to Allot            162,741,627      99.72        16,552      0.01       435,674      0.27    13,352,342 
---------  ---------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
           Disapplication 
       11   of Pre-Emption      176,496,717      99.97        16,552      0.01        30,126      0.02         2,800 
---------  ---------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
           Purchase of 
       12   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 
---------  ---------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
           Adoption of 
       14   articles            176,514,941      99.98        16,552      0.01        11,902      0.01         2,800 
---------  ---------------  ---------------  ---------    ----------  --------    ----------  --------    ---------- 
 

For further information please contact:

 
 Vertu Motors plc 
 Robert Forrester, CEO   Tel: [phone] 
                         2111 
 Michael Sherwin, FD     Tel: [phone] 
                         2112 
 Liberum 
 Peter Tracey            Tel: [phone] 
                         2000 
 Richard Crawley 
 Jamie Richards 
 Zeus Capital Limited 
 Adam Pollock            Tel: [phone] 
                         7727 
 Camarco 
 Billy Clegg             Tel: [phone] 
                         4983 
 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGEAEXEAEAKEFF

(END) Dow Jones Newswires

July 20, 2016 06:04 ET (10:04 GMT)