REG - Vertu Motors PLC - Result of AGM

Vertu MotorsAnnouncement

28/06/2023 13:00

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RNS Number : 2684E  Vertu Motors PLC  28 June 2023

28 June 2023

Vertu Motors plc ("Vertu Motors" or "Company")

Result of AGM

Vertu Motors plc, the UK automotive retailer with a network of 189 sales and
aftersales outlets across the UK, announces that all resolutions (including a
further resolution to reappoint Jonathan Mark Mewett) 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       125,597,257  100              0           0             662,303
 2       Reappointment of Auditors        106,585,217  84.42            19,671,310  15.58         3,033
 3       Auditors' Remuneration           108,569,875  85.99            17,688,558  14.01         1,127
 4       Dividend                         126,254,752  99.99            4,359       0.01          449
 5       Re-election of Robert Forrester  124,908,077  98.93            1,351,483   1.07          0
 6       Re-election of Pauline Best      119,201,291  94.41            7,058,269   5.59          0
 7       Remuneration Report              124,643,705  98.74            1,587,022   1.26          28,833
 8       Authority to Allot               125,002,848  99.49            638,402     0.51          618,310
 9       Disapplication of Pre-Emption    124,934,890  98.99            1,270,028   1.01          54,642
 10      Pre-emption on acquisitions      124,808,903  98.87            1,424,434   1.13          26,223
  11     Purchase of Own Shares           125,273,694  99.47            656,571     0.52          321,295
 12      Adoption of articles             126,161,238  99.97            23,880      0.02          66,442

 

- Ends -

For further information please contact:

 Vertu Motors plc                        Tel: +44 (0) 191 491 2121
 Robert Forrester, CEO
 Karen Anderson, CFO

 Phil Clark, Investor relations                         PClark@vertumotors.com

 Zeus (Nominated Adviser and Broker)     Tel: +44 (0) 203 829 5000
 Jamie Peel
 Andrew Jones
 Dominic King

 Camarco                                 Tel: +44 (0) 203 757 4983
 Billy Clegg
 Tom Huddart

 Notes to Editors
 Vertu Motors is the fourth largest automotive retailer in the UK with a
 network of 189 sales outlets across the UK. Its dealerships operate
 predominantly under the Bristol Street Motors, Vertu and Macklin Motors brand
 names.

 Vertu Motors was established in November 2006 with the strategy to consolidate
 the UK motor retail sector.  It is intended that the Group will continue to
 acquire motor retail operations to grow a scaled dealership group.  The
 Group's acquisition strategy is supplemented by a focused organic growth
 strategy to drive operational efficiencies through its national dealership
 network. The Group currently operates 185 franchised sales outlets and 4
 non-franchised sales operations from 141 locations across the UK.

 Vertu's Mission Statement is to "deliver an outstanding customer motoring
 experience through honesty and trust".

 Vertu Motors Group websites - https://investors.vertumotors.com
 (https://investors.vertumotors.com) / www.vertucareers.com
 (http://www.vertucareers.com)

Vertu brand websites - www.vertumotors.com (http://www.vertumotors.com) /
 www.bristolstreet.co.uk (http://www.bristolstreet.co.uk) / www.vertuhonda.com
 (http://www.vertuhonda.com) / www.vertutoyota.com (http://www.vertutoyota.com)
 / www.macklinmotors.co.uk (http://www.macklinmotors.co.uk) /
 www.vertumotorcyles.com (http://www.vertumotorcyles.com)

 

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