Result of AGM
Vertu Motors plc announced that all resolutions presented at its Annual General Meeting were passed by shareholders. The Annual Report and Accounts received overwhelming support with 99.99% in favour, as did the dividend resolution at 99.99%. The reappointment of auditors was approved by 99.27% of votes, and the remuneration report passed with 99.25% in favour. Director re-elections also saw strong approval, with the lowest being 98.95% for Andrew Goss. Resolutions concerning the authority to allot shares, disapplication of pre-emption rights, and purchase of own shares also passed with significant majorities, indicating shareholder confidence.
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Vertu Motors plc, the UK automotive retailer with a network of 191 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 and the proxy voting results are set out below.
| In Favour | Against | Withheld | ||||
|---|---|---|---|---|---|---|
| Resolution | Votes | % age | Votes | % age | Votes | |
| 1 | Annual Report and Accounts | 144,269,497 | 99.99 | 897 | 0.01 | 471,055 |
| 2 | Reappointment of Auditors | 143,664,167 | 99.27 | 1,056,711 | 0.73 | 20,571 |
| 3 | Auditors' Remuneration | 144,726,138 | 99.99 | 1,595 | 0.01 | 13,716 |
| 4 | Dividend | 144,740,276 | 99.99 | 744 | 0.01 | 429 |
| 5 | Re-election of Karen Anderson | 143,974,581 | 99.47 | 764,146 | 0.53 | 2,722 |
| 6 | Re-election of Amanda Cox | 143,751,319 | 99.35 | 937,408 | 0.65 | 52,722 |
| 7 | Re-election of David Crane | 143,786,609 | 99.38 | 902,118 | 0.62 | 52,722 |
| 8 | Re-election of Robert Forrester | 143,976,792 | 99.47 | 762,537 | 0.53 | 2,120 |
| 9 | Re-election of David Gillard | 143,794,382 | 99.35 | 944,391 | 0.65 | 2,676 |
| 10 | Re-election of Andrew Goss | 143,216,873 | 98.95 | 1,521,800 | 1.05 | 2,776 |
| 11 | Re-election of Jonathan Mewett | 143,745,415 | 99.35 | 943,260 | 0.65 | 52,774 |
| 12 | Remuneration Report | 142,918,591 | 99.25 | 1,084,525 | 0.75 | 738,333 |
| 13 | Authority to Allot | 144,125,354 | 99.62 | 550,463 | 0.38 | 65,632 |
| 14 | Disapplication of Pre-Emption | 144,243,893 | 99.70 | 431,804 | 0.30 | 65,752 |
| 15 | Pre-emption on Acquisitions | 141,581,867 | 97.87 | 426,155 | 0.29 | 66,112 |
| 16 | Purchase of Own Shares | 139,964,017 | 99.96 | 50,921 | 0.04 | 4,726,511 |
| Vertu Motors plc | Tel: +44 (0) 191 491 2121 |
Robert Forrester, CEO Karen Anderson, CFO Phil Clark, Investor Relations
| Stifel (Nominated Adviser and Joint Broker) | Tel: +44 (0) 207 710 7688 |
| Matthew Blawat Callum Stewart | |
| Shore Capital (Joint Broker) | Tel: +44 (0) 20 7408 4090 |
Mark Percy / Sophie Collins (Corporate Advisory) Isobel Jones (Corporate Broking)
| Camarco | Tel: +44 (0) 203 757 4980 |
Billy Clegg Tom Huddart
Vertu brand websites - www.vertumotors.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.