REG - Inchcape PLC - Result of AGM <Origin Href="QuoteRef">INCH.L</Origin>

InchcapeAnnouncement

26/05/2016 17:20

RNS Number : 4670Z
Inchcape PLC
26 May 2016
Inchcape plc (the "Company")
26 May 2016 

Result of Annual General Meeting
The Company announces that all resolutions proposed at the Annual General Meeting of the Company held earlier today were passed.
Details of the votes cast on all resolutions are set out below and will also be available on the Company's website:www.inchcape.com
In accordance with UK Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.
Resolution
Votes For
% For
Votes Against
% Against
Votes Withheld
1. To receive the Accounts and Directors' and Auditors Reports
338,854,279
99.94
212,922
0.06
298,370
2. To approve the Directors' Report on Remuneration
213,903,231
63.50
122,942,981
36.50
2,519,357
3. To approve a final dividend of 14.1p per ordinary share
339,305,264
99.98
60,000
0.02
307
4. To re-elect Ken Hanna as a Director
332,008,618
98.48
5,129,299
1.52
2,227,654
5. To re-elect Stefan Bomhard as a Director 
338,967,938
99.89
387,615
0.11
10,018
6. To elect Richard Howes as a Director
338,965,587
99.89
383,867
0.11
16,117
7. To re-elect Alison Cooper as a Director
338,912,593
99.87
442,017
0.13
10,961
8. To re-elect John Langston as a Director 
338,760,012
99.83
591,698
0.17
13,861
9. To re-elect Coline McConville as a Director 
335,913,143
98.99
3,440,601
1.01
11,827
10. To re-elect Nigel Northridge as a Director
326,934,445
96.34
12,418,189
3.66
12,937
11. To elect Nigel Stein as a Director
338,404,609
99.72
938,675
0.28
22,287
12. To re-elect Till Vestring as a Director
338,765,910
99.83
586,734
0.17
12,927
13. To reappoint PricewaterhouseCoopers LLP as Auditors
333,443,230
98.26
5,921,114
1.74
1,227
14. To authorise the Directors to determine the Auditors' remuneration
338,738,287
99.82
623,809
0.18
3,475
15. To authorise the Directors to allot relevant securities pursuant to section 560(1) of the Companies Act 2006
338,991,538
99.89
356,323
0.11
17,710
16. To empower the Directors to disapply pre-emption rights pursuant to Section 561 of the Companies Act 2006
318,891,732
95.26
15,868,241
4.74
4,605,598
17. To authorise the Company to make market purchases of its ordinary shares up to 10.0% of its issued share capital
335,934,888
98.99
3,421,115
1.01
9,568
18. Notice of Meetings 
322,555,874
95.05
16,804,820
4.95
4,876
The Board notes that, although the resolution to approve the Directors' Report on Remuneration was passed with the requisite majority, some 36.5% of votes were cast against the resolution.We have engaged with the Company's major shareholders in order to fully understand their concerns relating to the Directors' Report on Remuneration and will continue to engage with shareholders throughout the year. Further details will be given in next years' Directors' Report on Remuneration. 
Ends
1. Notes to editors
About Inchcape:
Inchcape is a leading global premium automotive group, operating in 26 markets with a portfolio of the world's leading car brands in the fast-growing luxury and premium segments. Inchcape has diversified multi-channel revenue streams including sale of new and used vehicles, parts, service, finance and insurance. 
The Company has been listed on the London Stock Exchange since 1958, is headquartered in London and employs around 14,500 people. 
www.inchcape.com

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