REG - Inchcape PLC - Result of AGM

InchcapeAnnouncement

15/05/2025 16:15

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RNS Number : 8964I  Inchcape PLC  15 May 2025

 

Inchcape plc

Result of Annual General Meeting

 

 

Inchcape plc (Company) announces that all resolutions proposed at the Annual
General Meeting of the Company held at 11.00 a.m. today at the Royal
Automobile Club, 89 Pall Mall, St. James's, London SW1Y 5HS were passed by way
of a poll.

 

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 6.4.2, copies of all the resolutions
passed, other than ordinary business, has been submitted to the National
Storage Mechanism and is available for inspection.

 

 Resolution                               Votes For    % of votes cast  Votes Against  % of votes cast  Votes Withheld  % of votes cast  Total Votes  % of Issued Capital
 1       RECEIVE THE REPORT AND ACCOUNTS  333,753,057  100.00%          3,261          0.00%             2,476,798      0.74%            333,756,318  87.99%
 2       REMUNERATION REPORT              214,337,281  64.55%           117,695,055    35.45%            4,200,781      1.27%            332,032,336  87.54%
 3       DECLARE A FINAL DIVIDEND         335,945,991  100.00%          824            0.00%            286,104         0.09%            335,946,815  88.57%
 4       RE-ELECT NAYANTARA BALI          322,457,088  95.99%           13,477,394     4.01%            298,635         0.09%            335,934,482  88.56%
 5       RE-ELECT JERRY BUHLMANN          301,978,392  89.89%           33,956,223     10.11%           298,501         0.09%            335,934,615  88.56%
 6       RE-ELECT JUAN PABLO DEL RIO      319,750,939  95.18%           16,183,478     4.82%            298,699         0.09%            335,934,417  88.56%
 7       RE-ELECT BYRON GROTE             307,727,719  91.60%           28,206,821     8.40%            298,576         0.09%            335,934,540  88.56%
 8       RE-ELECT ALEX JENSEN             310,228,950  92.72%           24,364,667     7.28%            1,639,499       0.49%            334,593,617  88.21%
 9       RE-ELECT ADRIAN LEWIS            331,653,872  98.73%           4,280,750      1.27%            298,495         0.09%            335,934,622  88.56%
 10      RE-ELECT ALISON PLATT            324,384,252  96.56%           11,550,091     3.44%            298,774         0.09%            335,934,343  88.56%
 11      RE-ELECT STUART ROWLEY           317,152,802  94.41%           18,781,615     5.59%            298,699         0.09%            335,934,417  88.56%
 12      RE-ELECT DUNCAN TAIT             333,486,293  99.27%           2,448,509      0.73%            298,495         0.09%            335,934,802  88.56%
 13      RE-APPOINT DELOITTE AS AUDITOR   334,582,747  99.99%           18,486         0.01%            1,632,063       0.49%            334,601,233  88.21%
 14      AUDITOR REMUNERATION             335,870,620  99.98%           69,156         0.02%            293,341         0.09%            335,939,776  88.57%
 15      AUTHORITY TO ALLOT SECURITIES    333,670,804  99.32%           2,271,011      0.68%            291,302         0.09%            335,941,815  88.57%
 16      DISAPPLY PRE-EMPTION RIGHTS      295,561,115  87.98%           40,378,302     12.02%               293,700     0.09%            335,939,417  88.57%
 17      DISAPPLY PRE-EMPTION RIGHTS 2    279,437,148  83.18%           56,502,069     16.82%               293,900     0.09%            335,939,217  88.57%
 18      PURCHASE OWN SHARES              332,901,584  99.16%           2,828,210      0.84%                503,323     0.15%            335,729,794  88.51%
 19      MEETING NOTICE PERIODS           331,555,188  98.69%           4,393,383      1.31%                284,546     0.08%            335,948,571  88.57%

 

Notes:

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

Resolutions 1 to 15 were ordinary resolutions, requiring over 50% of
shareholders' votes to be cast in favour of the resolutions.

Resolutions 16 to 19 were special resolutions, requiring at least 75% of
shareholders' votes to be cast in favour of the resolutions.

No other resolutions were put to the meeting.

While all Resolutions were passed, most with significant majorities in favour,
the Board notes that Resolution 2 received less than 80% of votes cast in
favour.

The Board has actively engaged with shareholders on remuneration in 2025 which
has helped build a more detailed understanding of shareholder views and
allowed the Board to provide context on the decisions made. The Board will
continue to engage and an update will be published within six months of
today's Annual General Meeting, in accordance with the UK Corporate Governance
Code 2024.

The number of shares in issue as at the date of this announcement is
378,694,848.

Ends

About Inchcape

Inchcape is the leading global automotive distributor, with operations across
six continents. Inchcape works with our OEM partners in smaller, more complex,
and harder-to-reach markets, which tend to be higher growth with low
motorisation rates. By combining our in-market expertise with our unique
technology and advanced data analytics, we create innovative customer
experiences that deliver outstanding performance for our partners - building
stronger automotive brands and creating sustainable growth.

Our distribution platform connects the products of OEM partners with
customers, and our responsibilities span product planning and pricing, import
and logistics, brand and marketing to operating digital sales, managing
physical sales, and aftermarket service channels. Delivering for our partners,
our customers and our people - so they can realise their ambitions in the new
world of mobility. The Group is headquartered in London and employs over
17,000 people globally.

www.inchcape.com (http://www.inchcape.com)

 

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