Auto Trader Group plc Result of AGM (5874K)

TIDMAUTO

RNS Number : 5874K

Auto Trader Group plc

22 September 2016

Auto Trader Group plc ("Auto Trader", the "Company")

Result of Annual General Meeting (AGM)

Auto Trader Group plc announces that all resolutions were approved at the Company's AGM on 22 September 2016.

Each of the resolutions was voted on by way of a poll and the result of each resolution is shown below.

The total number of shares on the register at 6pm on 20 September 2016, being those eligible to be voted on at the AGM, was 988,805,914 (excluding treasury shares).

 
                                                                                           % of shares 
                                                                                           on register 
                                                                               Total          at 6pm 
                                                                               votes       20 September      Votes 
                                     For*                  Against              cast           2016        withheld*** 
--------------------------  ----------------------  ---------------------  ------------  --------------  ------------- 
                               No. of        %**     No. of votes    %**      No. of            %            No. of 
 Resolution                     votes                                          votes                          votes 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 1. To receive the Annual 
  Report and Accounts 
  of the Company for the 
  financial year ended 
  27 March 2016              786,089,425    99.51%      3,876,537   0.49%   789,965,962          79.89%         48,423 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 2. To approve the 
  Directors' 
  Remuneration Report        779,343,590    98.66%     10,617,266   1.34%   789,960,856          79.89%         53,529 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 3. To re-elect Ed 
  Williams 
  as a Director              787,552,019    99.69%      2,455,797   0.31%   790,007,816          79.90%          6,569 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 4. To re-elect Trevor 
  Mather as a Director       787,748,852    99.71%      2,260,290   0.29%   790,009,142          79.90%          5,243 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 5. To re-elect Sean 
  Glithero as a Director     760,514,704    99.01%      7,630,979   0.99%   768,145,683          77.68%     21,868,702 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 6. To re-elect David 
  Keens as a Director        788,288,086    99.78%      1,718,404   0.22%   790,006,490          79.90%          7,895 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 7. To re-elect Jill 
  Easterbrook as a 
  Director                   787,603,882    99.70%      2,402,608   0.30%   790,006,490          79.90%          7,895 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 8. To elect Jeni Mundy 
  as a Director              789,993,905   100.00%         13,285   0.00%   790,007,190          79.90%          6,569 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 9. To appoint KPMG LLP 
  as auditors of the 
  Company                    789,653,843    99.97%        237,766   0.03%   789,891,609          79.88%        122,776 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 10. To authorise the 
  Board to determine the 
  auditors' remuneration     789,925,065   100.00%         37,117   0.00%   789,962,182          79.89%         52,203 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 11. To authorise the 
  Directors to allot 
  shares                     735,244,187    93.24%     53,314,879   6.76%   788,559,066          79.75%      1,455,319 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 12. To authorise the 
  partial disapplication 
  of pre-emption 
  rights****                 787,211,364    99.66%      2,678,919   0.34%   789,890,283          79.88%        124,102 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 13. To authorise the 
  partial disapplication 
  of pre-emption rights 
  in connection with an 
  acquisition or 
  investment****             723,274,139    91.88%     63,952,971   8.12%   787,227,110          79.61%      2,787,275 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 14. To authorise the 
  Company to purchase 
  its own shares****         776,440,594    98.29%     13,532,757   1.71%   789,973,351          79.89%         41,034 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 15. To authorise the 
  Company to call general 
  meetings on not less 
  than 14 clear days' 
  notice****                 750,776,045    95.03%     39,233,095   4.97%   790,009,140          79.90%          5,243 
--------------------------  ------------  --------  -------------  ------  ------------  --------------  ------------- 
 

NOTES:

* The "For" votes include those giving the Chairman discretion.

** Votes "For" and "Against" are expressed as a percentage of votes received.

***A vote "withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" the resolution.

****Denotes Special Resolutions.

As previously announced, the Company commenced a rolling programme of share buy-backs on 15 June 2016 and, in reliance on the approval of Resolution 14 at today's AGM, the Company announces that it intends to continue with the share buy-back programme, the purpose of which is to reduce its share capital. The Company's shareholders have generally authorised the Company to make market purchases of up to 99,905,974 of its ordinary shares, which represents 10% of its ordinary shares (excluding treasury shares), subject to minimum and maximum price restrictions. The share buy-back programme will continue under the authority granted by the Company's shareholders at today's AGM on an ongoing basis until the expiry of the authority at the conclusion of the Company's 2017 AGM. The share buy-back programme will be conducted in accordance with the Company's general authority to repurchase shares, Chapter 12 of the UKLA Listing Rules and relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions.

The full text of the resolutions can be found in the Notice of Annual of General Meeting, which is available for inspection at the National Storage Mechanism http://www.hemscott.com/nsm.do and also on the Company's website at http://about-us.autotrader.co.uk/investors

A copy of the resolutions passed under special business (as defined by the listing rules of the UK Listing Authority) will shortly be submitted to the National Storage Mechanism for inspection at http://www.hemscott.com/nsm.do

Sean Glithero

Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 22, 2016 08:00 ET (12:00 GMT)