REG - Motorpoint Group plc - Result of AGM

MotorpointAnnouncement

24/07/2024 15:00

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RNS Number : 7051X  Motorpoint Group plc  24 July 2024

24 July 2024

Motorpoint Group PLC

("Motorpoint" or the "Group")

 

Results of AGM held on 24 July 2024

 

Motorpoint Group PLC, the UK's leading independent omnichannel used vehicle
retailer, announces that, at its Annual General Meeting ("AGM") held on 24
July 2024, 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 am on 24 July 2024, the number of issued ordinary £0.01 shares of
the Company was 87,756,356. This represents the total number of shares
entitling the holders to attend and vote for or against all resolutions.
57,114,132 proxy votes were received representing 65.08% 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    Against (%)  Vote

                                                                                                                                (shares)                Withheld(1)
 1.                        Ordinary resolution to adopt the Company's audited financial statements for     57,114,132  100.00%  0          0.00%        0
                           the financial year ended 31 March 2024, together with the Directors' Report

                           and the Auditors' Report on those accounts.

 2.                        Ordinary resolution to approve the Directors' Remuneration Report               55,867,131  97.83%   1,242,001  2.17%        5,000

 3.                        Ordinary resolution to re-elect Mark Carpenter as an executive director of the  56,668,171  99.22%   445,912    0.78%        49
                           Company.

 4.                        Ordinary resolution to re-elect Chris Morgan as an executive director of the    57,114,083  100.00%  49         0.00%        0
                           Company.
 5.                        Ordinary resolution to re-elect John Walden as a non-executive director of the  55,623,268  97.39%   1,490,793  2.61%        71
                           Company.
 6.                        Ordinary resolution to re-elect Mary McNamara as a non-executive director of    55,428,102  97.05%   1,685,959  2.95%        71
                           the Company.

 7.                        Ordinary resolution to re-elect Adele Cooper as a non-executive director of     56,666,967  99.22%   447,094    0.78%        71
                           the Company.

 8.                        Ordinary resolution to re-elect Keith Mansfield as a non-executive director of  56,666,967  99.22%   447,094    0.78%        71
                           the Company.
 9.                        Ordinary resolution to re-appoint PricewaterhouseCoopers LLP as auditors of     57,114,110  100.00%  0          0.00%        22
                           the Company.

 10.                       Ordinary resolution to authorise the Board to determine the auditors'           57,114,132  100.00%  0          0.00%        0
                           remuneration.

 11.                       Ordinary Resolution to authorise the directors to allot securities up to an     50,242,550  87.97%   6,871,560  12.03%       22
                           aggregate nominal value of £592,038.

 12.                       Special resolution to give the directors general authority to allot securities  50,218,620  87.93%   6,895,463  12.07%       49
                           for cash without making an offer to shareholders.

 13.                       Special resolution to give the directors authority to allot securities for      50,218,598  87.93%   6,895,463  12.07%       71
                           cash without making an offer to shareholders, in order to finance
                           acquisitions.

 14.                       Special resolution to give the Company limited authority to purchase up to      57,114,132  100.00%  0          0.00%        0
                           8,880,583 of its own shares.

 15.                       Special resolution to authorise general meetings (other than annual general     56,983,643  99.77%   130,489    0.23%        0
                           meetings) to be held on not less than 14 clear days' notice.

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

 

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
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Enquiries:

 

 Motorpoint Group PLC                      via FTI Consulting

 Mark Carpenter, Chief Executive Officer

 Chris Morgan, Chief Financial Officer

 FTI Consulting (Financial PR)             020 3727 1000

 Alex Beagley

 Harriet Jackson

 Amy Goldup

 

Notes to editors

Motorpoint is the UK's leading independent omnichannel vehicle retailer,
focused on giving retail and trade customers the easiest, most affordable and
seamless way of buying, selling and financing their car whether online, in
store or a combination of both. Through its leading B2C platform
Motorpoint.co.uk and UK network of 20 stores, the Group provides an unrivalled
offering in the nearly new car market, where consumers can effortlessly
browse, buy or finance their next car and collect or have it delivered
directly to their homes. Motorpoint's purely online wholesale
platform Auction4Cars.com (http://auction4cars.com/)  sells vehicles into
the wholesale B2B market that have been part exchanged by retail customers, or
purchased directly from them by the Group as part of its online car buying
service. Motorpoint's diversified business model, underpinned by its
established brand, industry leading technology and sophisticated marketing
infrastructure, always delivers the best choice, value, service and quality
for customers.

 

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