Motorpoint Group plc Result of AGM (6302V)

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RNS Number : 6302V

Motorpoint Group plc

24 July 2018

24 July 2018

Motorpoint Group Plc

("Motorpoint" or "the Company")

Result of AGM

Motorpoint, the UK's largest independent vehicle retailer announces that, at its Annual General Meeting held on 24 July 2018, all of the Resolutions as set out in the AGM Notice were approved by way of a poll vote by shareholders.

As at the date of the AGM, the number of issued ordinary GBP0.01 shares of the Company was 98,124,023.

85 proxy votes (either voting or granting the Chairman discretion to vote on their behalf) were received in relation to 76,968,541 shares representing 78.44% of the issued share capital of Motorpoint.

Details of the proxy votes received on each resolution by Motorpoint's Registrar are set out below.

 
       Resolutions                                                         Total Votes 
                                                         For/Discretion(%)(1)    Against    Vote Withheld 
                                                                                   (%) 
                                                        ---------------------  ----------  -------------- 
       Ordinary resolution to adopt the Company's 
        audited financial statements for the 
        financial year ended 31 March 2018, 
        together with the Directors' Report 
        and the Auditors' Report on those 
 1.     accounts.                                             76,593,452          1,024           0 
                                                                (99.99)           (0.01) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
 2.    Ordinary resolution to approve the                     74,860,719        1,733,756         0 
        Directors' Remuneration Report (other 
        than the part containing the Directors' 
        Remuneration Policy). 
                                                                (97.74)           (2.25) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
       Ordinary resolution to declare a final 
        dividend of 4.6 pence per ordinary 
        share in respect of the financial 
 3.     year ended 31 March 2018.                             76,594,476            0             0 
                                                                (99.99)           (0.00) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
       Ordinary resolution to re-elect Mark 
        Carpenter as an executive director 
 4.     of the Company.                                       76,593,964           512            0 
                                                                (99.99)           (0.01) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
       Ordinary resolution to re-elect James 
        Gilmour as an executive director of 
 5.     the Company.                                          76,578,064         16,412           0 
                                                                (99.97)           (0.02) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
       Ordinary resolution to re-elect David 
        Shelton as a non-executive director 
 6.     of the Company.                                       76,562,207         32,268           0 
                                                                (99.95)           (0.04) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
       Ordinary resolution to re-elect Mark 
        Morris as a non-executive director 
 7.     of the Company.                                       76,562,207         32,268           0 
                                                                (99.95)           (0.04) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
       Ordinary resolution to re-elect Mary 
        McNamara as a non-executive director 
 8.     of the Company                                        76,578,107         16,368           0 
                                                                (99.97)           (0.02) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
       Ordinary resolution to re-elect Gordon 
        Hurst as a non-executive director 
 9.     of the Company.                                       76,593,964           512            0 
                                                                (99.99)           (0.01) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
       Ordinary resolution to re-elect Steve 
        Weller as a non-executive director 
 10.    of the Company.                                       76,593,964           512            0 
                                                                (99.99)           (0.01) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
       Ordinary resolution to re-appoint 
        PricewaterhouseCoopers LLP as auditors 
 11.    of the Company.                                       76,584,318          9,645          512 
                                                                (99.99)           (0.01) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
 12.   Ordinary resolution to authorise the                   76,593,964           512            0 
        Board to determine the auditors' remuneration. 
                                                                (99.99)           (0.01) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
 13.   Ordinary Resolution to authorise the                   76,593,964           512           496 
        directors to allot securities up to 
        an aggregate nominal value of GBP665,360. 
                                                                (99.99)           (0.01) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
 14.   Special resolution to give the directors               76,593,964           512            0 
        power to allot securities for cash 
        without making an offer to shareholders, 
        generally, up to an aggregate nominal 
        value of GBP 49,902. 
                                                                (99.99)           (0.01) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
 15.   Special resolution to give the directors               76,145,857         448,618          0 
        power to allot securities for cash 
        without making an offer to shareholders, 
        in order to finance acquisitions, 
        up to an aggregate nominal value of 
        GBP 49,902. 
                                                                (99.41)           (0.58) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
       Special resolution to give the Company 
        limited authority to purchase up to 
 16.    9,980,402 of its own shares.                          76,578,107         16,368           0 
                                                                (99.97)           (0.02 
      ------------------------------------------------  ---------------------  ----------  -------------- 
       Special resolution to authorise general 
        meetings (other than annual general 
        meetings) to be held on not less than 
 17.    14 clear days' notice.                                76,531,537         62,427          512 
                                                                (99.91)           (0.08) 
      ------------------------------------------------  ---------------------  ----------  -------------- 
 

(1) Votes received supporting the resolution or granting the Chairman discretion to vote on their behalf in respect of the resolution

In accordance with Listing Rule 9.6.2, the full text of the special resolutions passed at the AGM has been submitted to the National Storage Mechanism and will be available at http://www.morningstar.co.uk/uk/NSM.

 
 Contact Information: 
 Motorpoint Group Plc (www.motorpointplc.com)    Via FTI Consulting 
  Manjit K. Virk, Company Secretary 
 FTI Consulting (Financial PR) 
  Alex Beagley 
  James Styles 
  Fern Duncan                                    020 3727 1000 
 

Notes to editors

Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Company's principal business is the sale of nearly-new vehicles, the majority of which are up to two years old and which have covered less than 15,000 miles. Motorpoint sells vehicles from brands representing over 95 per cent. of new vehicle sales in the United Kingdom, with models from Ford, Vauxhall, Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top sellers. The Group operates from 12 retail sites across the United Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of which four have opened in the last three years; together with a national contact-centre dealing with online enquiries.

More information is available at www.motorpointplc.com and www.motorpoint.co.uk.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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