REG - Vertu Motors PLC - Result of AGM

Vertu MotorsAnnouncement

25/06/2024 11:15

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RNS Number : 7977T  Vertu Motors PLC  25 June 2024

25 June 2024

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 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     155,735,623  99.74     402,800    0.26          615,354
 2       Reappointment of Auditors      142,126,110  98.98     1,467,078  1.02          13,160,589
 3       Auditors' Remuneration         156,689,379  99.97     43,633     0.03          20,765
 4       Dividend                       156,739,957  100       0          0             13,820
 5       Election of David Gillard      156,126,790  99.61     613,167    0.39          13,820
 6       Election of Jonathan Mewett    156,385,245  99.77     354,712    0.23          13,820
 7       Re-election of David Crane     154,708,082  98.7      2,031,875  1.3           13,820
 8       Remuneration Report            155,048,118  98.93     1,673,369  1.07          32,290
 9       Authority to Allot             155,787,409  99.77     357,935    0.23          608,433
 10      Disapplication of Pre-Emption  155,453,198  99.19     1,273,835  0.81          26,744
 11      Pre-emption on Acquisitions    155,204,834  99.03     1,522,199  0.97          26,744
 12      Purchase of Own Shares         156,051,168  99.63     586,689    0.37          115,920

 

 

- Ends -

For further information please contact:

 Vertu Motors plc
 Robert Forrester, CEO                                  0191 491 2121
 Karen Anderson, CFO                                    0191 491 2121
 Phil Clark, Investor relations                         PClark@vertumotors.com

 Stifel (Nominated Adviser and Broker)
 Matthew Blawat                                         0207 710 7688
 Nick Harland

 Camarco
 Billy Clegg                                            020 3757 4983
 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 143 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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