Result of AGM
Updated : 17:00
23 June 2021
Vertu Motors plc ("Vertu Motors" or "Company")
Result of AGM
Vertu Motors plc, the UK automotive retailer with a network of 149 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. The proxy voting results are set out below:
| In Favour |
| Against |
| Withheld | |||
Resolution | Votes | % age | Votes | % age | Votes | |||
1 | Annual Report and Accounts | 155,045,068 | 99.49 |
| 798,653 | 0.51 |
| 705,144 |
2 | Reappointment of Auditors | 153,883,318 | 98.31 |
| 2,644,184 | 1.69 |
| 21,363 |
3 | Auditors' Remuneration | 156,516,135 | 99.98 |
| 30,470 | 0.02 |
| 2,260 |
4 | Election of David Crane | 154,545,203 | 98.72 |
| 2,002,512 | 1.28 |
| 1,150 |
5 | Election of Ken Lever | 122,708,681 | 78.39 |
| 33,819,931 | 21.61 |
| 20,253 |
6 | Remuneration Report | 89,414,235 | 67.63 |
| 42,791,337 | 32.37 |
| 24,343,293 |
7 | Authority to Allot | 155,285,097 | 99.59 |
| 633,826 | 0.41 |
| 629,942 |
8 | Disapplication of Pre-Emption | 155,741,802 | 99.52 |
| 753,810 | 0.48 |
| 53,253 |
9 | Pre-emption on acquisitions | 152,486,141 | 97.43 |
| 4,015,581 | 2.57 |
| 47,143 |
10 | Purchase of Own Shares | 155,569,248 | 99.58 |
| 657,172 | 0.42 |
| 322,445 |
11 | LTIP amendment | 121,198,064 | 77.72 |
| 34,745,148 | 22.28 |
| 605,653 |
Ends -
For further information please contact:
Vertu Motors plc |
|
Robert Forrester, CEO | Tel: 0191 491 2121 |
Karen Anderson, CFO | Tel: 0191 491 2121 |
Zeus Capital Limited |
|
Jamie Peel Andrew Jones Dominic King | Tel: 020 3829 5000 |
Camarco |
|
Billy Clegg Tom Huddart | Tel: 020 3757 4983 |
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK with a network of 149 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell 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 145 franchised sales outlets and 4 non-franchised sales operations from 115 locations across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".
Vertu Motors Group websites - www.vertucareers.com
Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.vertumercedes-benz.com
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.