REG - Motorpoint Group plc - Result of Annual General Meeting

MotorpointAnnouncement

Tue 17:00

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RNS Number : 1186S  Motorpoint Group plc  22 July 2025

22 July 2025

Motorpoint Group PLC

("Motorpoint" or the "Group")

 

Result of Annual General Meeting

 

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 14.00 hrs on 22 July 2025, the number of issued ordinary £0.01 shares
of the Company was 84,694,392. This represents the total number of shares
entitling the holders to attend and vote for or against all resolutions.
43,147,733 proxy votes were received, representing 50.95% 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     43,147,733                          100.00%  0                                      0.00%        0
                           the financial year ended 31 March 2025, together with the Directors' Report
                           and the Auditors' Report on those accounts.
 2.                        Ordinary resolution to approve the Directors' Remuneration Report.              41,625,575                          96.50%   1,511,282                              3.50%        10,876
 3.                        To declare a final dividend for the year ended 31 March 2025.                   43,147,733                          100.00%  0                                      0.00%        0
 4.                        Ordinary resolution to re-elect Mark Carpenter as an executive director of the  42,534,521                          98.58%   613,212                                1.42%        0
                           Company.
 5.                        Ordinary resolution to re-elect Chris Morgan as an executive director of the    43,147,731                          100.00%  0                                      0.00%        2
                           Company.
 6.                        Ordinary resolution to re-elect John Walden as a non-executive director of the  42,534,376                          98.58%   613,357                                1.42%        0
                           Company.
 7.                        Ordinary resolution to re-elect Mary McNamara as a non-executive director of    41,315,258                          95.75%   1,832,330                              4.25%        145
                           the Company.

 8.                        Ordinary resolution to re-elect Adele Cooper as a non-executive director of     42,534,376                          98.58%   613,357                                1.42%        0
                           the Company.
 9.                        Ordinary resolution to re-elect Keith Mansfield as a non-executive director of  42,529,521                          98.57%   618,212                                1.43%        0
                           the Company.
 10.                       Ordinary resolution to elect Swarupa Pathakji as a non-executive director of    43,147,588                          99.99%   145                                    0.01%        0
                           the Company.
 11.                       Ordinary resolution to re-appoint PricewaterhouseCoopers LLP as auditors of     43,147,600                          99.99%   133                                    0.01%        0
                           the Company.
 12.                       Ordinary resolution to authorise the Board to determine the auditors'           43,147,598                          99.99%   133                                    0.01%        2
                           remuneration.
 13.                       Ordinary Resolution to authorise the directors to allot securities up to an     43,142,733                          99.99%   5,000                                  0.01%        0
                           aggregate nominal value of £571,134.
 14.                       Special resolution to give the directors general authority to allot securities  43,120,745                          99.94%   26,988                                 0.06%        0
                           for cash without making an offer to shareholders.
 15.                       Special resolution to give the directors authority to allot securities for      43,120,745                          99.94%   26,988                                 0.06%        0
                           cash without making an offer to shareholders, in order to finance
                           acquisitions.
 16.                       Special resolution to give the Company limited authority to purchase up to      43,147,733                          100.00%  0                                      0.00%        0
                           8,567,015 of its own shares.
 17.                       Special resolution to authorise general meetings (other than annual general     43,024,553                          99.71%   123,180                                0.29%        0
                           meetings) to be held on not less than 14 clear days' notice.

 

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 21 sales and collection 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 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 and quality for customers.

 

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