Vertu Motors PLC Result of AGM (7474V)

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RNS Number : 7474V

Vertu Motors PLC

25 July 2018

25 July 2018

Vertu Motors plc ("Vertu Motors")

Result of AGM

Vertu Motors plc, the UK automotive retailer with a network of 125 sales and aftersales outlets across the UK, 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      194,994,845      99.99        5,338      0.01                 0          0      1,161,183 
     ----------------  ------------  ---------    ---------  --------    --------------  ---------    ----------- 
     Reappointment 
 2    of Auditors       194,344,695      99.08        5,338      0.01         1,791,790       0.91         19,543 
     ----------------  ------------  ---------    ---------  --------    --------------  ---------    ----------- 
     Auditors' 
 3    Remuneration      196,151,900      99.98        5,338      0.01             2,000       0.01          2,128 
     ----------------  ------------  ---------    ---------  --------    --------------  ---------    ----------- 
 4   Final Dividend     196,156,028      99.99        5,338      0.01                 0          0              0 
     ----------------  ------------  ---------    ---------  --------    --------------  ---------    ----------- 
     Re-election 
      of Robert 
 5    Forrester         195,946,873      99.88        5,338      0.01           206,069       0.11          3,086 
     ----------------  ------------  ---------    ---------  --------    --------------  ---------    ----------- 
     Re-election 
      of Nigel 
 6    Stead             166,408,271      84.83        5,338      0.01        29,744,671      15.16          3,086 
     ----------------  ------------  ---------    ---------  --------    --------------  ---------    ----------- 
     Re-election 
      of Pauline 
 7    Best              166,390,856      84.83        5,338      0.01        29,744,671      15.16         20,501 
     ----------------  ------------  ---------    ---------  --------    --------------  ---------    ----------- 
     Remuneration 
 8    Report            195,550,115      99.98        5,338      0.01            18,279       0.01        587,634 
     ----------------  ------------  ---------    ---------  --------    --------------  ---------    ----------- 
     Authority 
 9    to Allot          194,945,230      99.67        5,338      0.01           625,023       0.32        585,775 
     ----------------  ------------  ---------    ---------  --------    --------------  ---------    ----------- 
     Disapplication 
 10   of Pre-Emption    196,119,818      99.98        5,338      0.01            14,709       0.01         21,501 
     ----------------  ------------  ---------    ---------  --------    --------------  ---------    ----------- 
     Pre-emption 
 11   on acquisitions   192,597,489      98.19        5,338      0.01         3,537,038        1.8         21,501 
     ----------------  ------------  ---------    ---------  --------    --------------  ---------    ----------- 
     Purchase 
 12   of Own Shares     195,187,562      99.69        5,338      0.01           596,012        0.3        372,454 
     ----------------  ------------  ---------    ---------  --------    --------------  ---------    ----------- 
 

For further information please contact:

 
 Vertu Motors plc 
  Robert Forrester, CEO         Tel: [phone] 
  Michael Sherwin, CFO          Tel: [phone] 
 Camarco 
  Billy Clegg                   Tel: [phone] 
  Tom Huddart 
 Canaccord Genuity Limited 
  Chris Connors                 Tel: [phone] 
  Henry Fitzgerald O'Connor 
  Richard Andrews 
 Zeus Capital Limited 
  Dominic King                  Tel: [phone] 
 

Notes to Editors

Vertu, the UK automotive retailer with a proven growth strategy, is the sixth largest automotive retailer in the UK with a network of 125 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell and Macklin Motors brand names.

Vertu was established in November 2006 with the strategy to consolidate the UK automotive retail sector. It is intended that the Group will continue to acquire automotive 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 122 franchised sales outlets and 3 non-franchised sales outlets from 106 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".

Vertu Group websites - www.vertumotors.com / www.vertucareers.com

Vertu brand websites - www.bristolstreet.co.uk / www.macklinmotors.co.uk / www.vertuhonda.com / www.farnelllandrover.com / www.farnelljaguar.com / www.vertutoyota.com / www.vertuvolkswagen.com / www.vertumercedes-benz.com

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July 25, 2018 06:58 ET (10:58 GMT)