Motorpoint Group plc Result of AGM (6642G)

TIDMMOTR

RNS Number : 6642G

Motorpoint Group plc

27 July 2021

27 July 2021

Motorpoint Group Plc

(" Motorpoint " or "the Company")

Results of Annual General Meeting held on 27 July 2021

Motorpoint, the UK's leading independent omni-channel vehicle retailer announces that, at its Annual General Meeting ("AGM") held on 27 July 2021, all of the Resolutions as set out in the AGM Notice were approved by way of a poll vote by shareholders, the results of which are set out below.

As at 10.00 am on 23 July 2021, the number of issued ordinary GBP0.01 shares of the Company was 90,189,885. This represents the total number of shares entitling the holders to attend and vote for or against all resolutions. 62,431,952 proxy votes were received representing 69.2% of the issued share capital of Motorpoint.

Details of the votes received on each resolution by Motorpoint's Registrar are set out below. Full text of all of the resolutions is set out in the Notice of AGM on the Company's website.

 
       Resolutions                                                    Total Votes 
                                                            For        Against        Vote 
                                                             (%)         (%)       Withheld(1) 
                                                        -----------  ----------  ------------- 
       Ordinary resolution to adopt the Company's 
        audited financial statements for the 
        financial year ended 31 March 2021, 
        together with the Directors' Report 
        and the Auditors' Report on those 
 1.     accounts.                                        62,431,052      100          800 
                                                           (99.99)     (<0.01) 
      ------------------------------------------------  -----------  ----------  ------------- 
 2.    Ordinary resolution to approve the                59,357,234   3,074,718        0 
        Directors' Remuneration Report (other 
        than the part containing the Directors' 
        Remuneration Policy). 
                                                           (95.08)      (4.92) 
      ------------------------------------------------  -----------  ----------  ------------- 
       Ordinary resolution to re-elect Mark 
        Carpenter as an executive director 
 3.     of the Company.                                  62,419,521    12,431          0 
                                                           (99.98)      (0.02) 
      ------------------------------------------------  -----------  ----------  ------------- 
       Ordinary resolution to elect Chris 
        Morgan as an executive director of 
 4.     the Company.                                     62,431,752      200           0 
                                                           (99.99)     (<0.01) 
      ------------------------------------------------  -----------  ----------  ------------- 
       Ordinary resolution to re-elect Mark 
        Morris as a non-executive director 
 5.     of the Company.                                  62,400,518    31,434          0 
                                                           (99.95)      (0.05) 
      ------------------------------------------------  -----------  ----------  ------------- 
       Ordinary resolution to re-elect Mary 
        McNamara as a non-executive director 
 6.     of the Company.                                  60,300,029   2,131,922        1 
                                                           (96.59)      (3.41) 
      ------------------------------------------------  -----------  ----------  ------------- 
       Ordinary resolution to re-elect Adele 
        Cooper as a non-executive director 
 7.     of the Company.                                  61,626,416    805,536         0 
                                                           (98.71)      (1.29) 
      ------------------------------------------------  -----------  ----------  ------------- 
       Ordinary resolution to re-elect Keith 
        Mansfield as a non-executive director 
 8.     of the Company.                                  61,614,085    817,867         0 
                                                           (98.69)      (1.31) 
      ------------------------------------------------  -----------  ----------  ------------- 
       Ordinary resolution to re-appoint 
        PricewaterhouseCoopers LLP as auditors 
 9.     of the Company.                                  62,430,942     1,010          0 
                                                           (99.99)     (<0.01) 
      ------------------------------------------------  -----------  ----------  ------------- 
 10.   Ordinary resolution to authorise the              62,431,518      434           0 
        Board to determine the auditors' remuneration. 
                                                           (99.99)     (<0.01) 
      ------------------------------------------------  -----------  ----------  ------------- 
 11.   Ordinary Resolution to authorise the              62,355,698    76,254          0 
        directors to allot securities up to 
        an aggregate nominal value of GBP601,266. 
                                                           (99.88)      (0.12) 
      ------------------------------------------------  -----------  ----------  ------------- 
 12.   Special resolution to give the directors          62,430,142     1,010         800 
        power to allot securities for cash 
        without making an offer to shareholders, 
        generally, up to an aggregate nominal 
        value of GBP45,095. 
                                                           (99.99)     (<0.01) 
      ------------------------------------------------  -----------  ----------  ------------- 
 13.   Special resolution to give the directors          62,430,476      676          800 
        power to allot securities for cash 
        without making an offer to shareholders, 
        in order to finance acquisitions, 
        up to an aggregate nominal value of 
        GBP45,095. 
                                                           (99.99)     (<0.01) 
      ------------------------------------------------  -----------  ----------  ------------- 
       Special resolution to give the Company 
        limited authority to purchase up to 
 14.    9,018,989 of its own shares.                     62,431,952       0            0 
                                                            (100)        (0) 
      ------------------------------------------------  -----------  ----------  ------------- 
       Special resolution to authorise general 
        meetings (other than annual general 
        meetings) to be held on not less than 
 15.    14 clear days' notice.                           62,278,956    152,196        800 
                                                           (99.76)      (0.24) 
      ------------------------------------------------  -----------  ----------  ------------- 
 

(1) A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

In accordance with Listing Rule 9.6.2, the full text of the special resolutions passed at the AGM will shortly be available to view via the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

 
 Contact Information: 
 Motorpoint Group Plc (www.motorpointplc.com)   Via FTI Consulting 
  Chris Morgan, Company Secretary 
 FTI Consulting (Financial PR)                  020 3727 1000 
  Alex Beagley                                   [e-mail] 
  James Styles                                   ; 
  Sam Macpherson 
 

Notes to editors

Motorpoint is the UK's leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in-store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 14 sales and collection branches, the Group provides an unrivalled offering in the nearly new car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes. Motorpoint's purely online wholesale platform Auction4Cars.com sells vehicles into the wholesale B2B market that have been part exchanged by retail customers, or purchased directly from them by the Group as part of its online car buying service. Motorpoint's diversified business model, underpinned by its established brand, industry leading technology and sophisticated marketing infrastructure, always delivers the best value, choice, quality and service for customers. The Group is proud to have been recognised for seven consecutive years as one of the Sunday Times' Top 100 Best Companies to Work For.

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

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July 27, 2021 12:15 ET (16:15 GMT)