Result of AGM
Motorpoint Group PLC announced that all resolutions were approved by shareholders at its Annual General Meeting, with 72.40% of the issued share capital represented by proxy votes. Key resolutions passed with overwhelming support included the adoption of the audited financial statements for the year ended March 31, 2026 (100%), approval of the Directors' Remuneration Report (99.99%), and the Directors' Remuneration Policy (99.74%). The company also received strong approval for re-electing directors and re-appointing auditors. However, resolutions authorizing the directors to allot securities for cash without a general offer saw lower approval rates, with 11.36% voting against these measures.
Select text to share a quote on X · sign in to keep highlights & notes in your MOTR notes
Motorpoint Group PLC, the UK's leading independent omnichannel vehicle retailer, announces that at its Annual General Meeting ("AGM") held earlier today, 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 hrs on 23 July 2026, the number of issued ordinary £0.01 shares of the Company was 83,619,822. This represents the total number of shares entitling the holders to attend and vote for or against all resolutions. 60,538,575 proxy votes were received, representing 72.40% 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 (shares) | For (%) | Against (shares) | Against (%) | Vote Withheld | ||
| 1. | Ordinary resolution to adopt the Company's audited financial statements for the financial year ended 31 March 2026, together with the Directors' Report and the Auditors' Report on those accounts. | 60,538,568 | 100.00% | - | 0.00% | 7 |
| 2. | Ordinary resolution to approve the Directors' Remuneration Report. | 60,531,717 | 99.99% | 6,851 | 0.01% | 7 |
| 3. | Ordinary resolution to approve the Directors' Remuneration Policy. | 60,383,816 | 99.74% | 154,750 | 0.26% | 9 |
| 4. | Ordinary resolution to approve the Long Term Incentive Plan. | 60,383,818 | 99.74% | 154,750 | 0.26% | 7 |
| 5. | To declare a final dividend for the year ended 31 March 2026. | 60,538,575 | 100.00% | - | 0.00% | - |
| 6. | Ordinary resolution to re-elect Mark Carpenter as an executive director of the Company. | 60,507,805 | 99.95% | 30,770 | 0.05% | - |
| 7. | Ordinary resolution to re-elect Chris Morgan as an executive director of the Company. | 60,531,834 | 99.99% | 6,741 | 0.01% | - |
| 8. | Ordinary resolution to re-elect John Walden as a non-executive director of the Company. | 60,507,805 | 99.95% | 30,770 | 0.05% | - |
| 9. | Ordinary resolution to re-elect Adele Cooper as a non-executive director of the Company. | 60,507,809 | 99.95% | 30,766 | 0.05% | - |
| 10. | Ordinary resolution to re-elect Keith Mansfield as a non-executive director of the Company. | 60,507,805 | 99.95% | 30,770 | 0.05% | - |
| 11. | Ordinary resolution to re-elect Swarupa Pathakji as a non-executive director of the Company. | 60,507,802 | 99.95% | 30,773 | 0.05% | - |
| 12. | Ordinary resolution to re-appoint PricewaterhouseCoopers LLP as auditors of the Company. | 60,538,356 | 99.99% | 212 | 0.01% | 7 |
| 13. | Ordinary resolution to authorise the Board to determine the auditors' remuneration. | 60,531,906 | 99.99% | 6,662 | 0.01% | 7 |
| 14. | Ordinary Resolution to authorise the directors to allot securities up to an aggregate nominal value of £557,465. | 53,660,353 | 88.64% | 6,878,222 | 11.36% | - |
| 15. | Special resolution to give the directors general authority to allot securities for cash without making an offer to shareholders. | 53,660,353 | 88.64% | 6,878,222 | 11.36% | - |
| 16. | Special resolution to give the directors authority to allot securities for cash without making an offer to shareholders, in order to finance acquisitions. | 53,660,342 | 88.64% | 6,878,226 | 11.36% | 7 |
| 17. | Special resolution to give the Company limited authority to purchase up to 8,361,982 of its own shares. | 60,531,909 | 99.99% | 6,666 | 0.01% | - |
| 18. | Special resolution to authorise general meetings (other than annual general meetings) to be held on not less than 14 clear days' notice. | 60,538,438 | 99.99% | 137 | 0.01% | - |
In accordance with Listing Rule 9.6.2, the full text of the special business resolutions passed at the AGM will shortly be available to view via the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
| Motorpoint Group PLC Mark Carpenter, Chief Executive Officer Chris Morgan, Chief Financial Officer | via FTI Consulting |
| FTI Consulting (Financial PR) Richard Gotla Harriet Jackson Harleena Chana | 020 3727 1000 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.