TIDMVTU

RNS Number : 8110P

Vertu Motors PLC

22 June 2022

22 June 2022

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

Result of AGM

Vertu Motors plc, the UK automotive retailer with a network of 160 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      159,839,488   99.51        787,061    0.49        706,743 
     -----------------------------  ------------  ------      -----------  -----    ----------- 
 2   Reappointment of Auditors       159,752,537   99.04       1,556,426   0.96        24,329 
     -----------------------------  ------------  ------      -----------  -----    ----------- 
 3   Auditors' Remuneration          160,954,602   99.97         54,646    0.03        324,044 
     -----------------------------  ------------  ------      -----------  -----    ----------- 
 4   Dividend                        133,513,622   82.77       27,793,494  17.23       26,176 
     -----------------------------  ------------  ------      -----------  -----    ----------- 
 5   Re-election of Andrew Goss      133,414,520   82.71       27,892,596  17.29       26,176 
     -----------------------------  ------------  ------      -----------  -----    ----------- 
 6   Re-election of Karen Anderson   161,309,928   99.99         20,615    0.01         2,749 
     -----------------------------  ------------  ------      -----------  -----    ----------- 
 7   Remuneration Report             151,328,925   93.80       10,000,414  6.20         3,953 
     -----------------------------  ------------  ------      -----------  -----    ----------- 
 8   Authority to Allot              157,905,880   98.23       2,841,770   1.77        585,642 
     -----------------------------  ------------  ------      -----------  -----    ----------- 
 9   Disapplication of Pre-Emption   145,402,772   90.14       15,898,934  9.86        31,586 
     -----------------------------  ------------  ------      -----------  -----    ----------- 
 10  Pre-emption on acquisitions     160,055,549   99.21       1,267,420   0.79        10,323 
     -----------------------------  ------------  ------      -----------  -----    ----------- 
 11  Purchase of Own Shares          154,451,329   99.48        809,773    0.52       6,072,190 
     -----------------------------  ------------  ------      -----------  -----    -----------

- 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              Tel: 020 3829 5000 
  Andrew Jones 
  Dominic King 
 Camarco 
 Billy Clegg             Tel: 020 3757 4983 
  Tom Huddart

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 160 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, 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 156 franchised sales outlets and 4 non-franchised sales operations from 121 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/ / www.vertucareers.com

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

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END

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(END) Dow Jones Newswires

June 22, 2022 06:22 ET (10:22 GMT)

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