Vertu Motors PLC Result of AGM (7381E)
July 20 2016 - 6:04AM
UK Regulatory
TIDMVTU
RNS Number : 7381E
Vertu Motors PLC
20 July 2016
20 July 2016
Vertu Motors plc ("Vertu Motors")
Result of AGM
Vertu Motors plc, the UK automotive retailer with a network of
132 sales and aftersales outlets across the UK and a proven growth
strategy, 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 Discretion Against Withheld
-------------------------- -------------------------- -------------------- -------------------- ----------
Resolution Votes %age Votes %age Votes %age Votes
-------------------------- --------------- --------- ---------- -------- ---------- -------- ----------
Annual Report
1 and Accounts 174,583,993 99.16 17,680 0.01 1,456,700 0.83 487,822
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
Reappointment
2 of Auditors 161,056,369 91.23 16,552 0.01 15,469,346 8.76 3,928
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
Auditors'
3 Remuneration 174,828,306 99.03 16,552 0.01 1,700,209 0.96 1,128
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
4 Final Dividend 176,529,643 99.99 16,552 0.01 0 0 0
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
Re-election
of Robert
5 Forrester 175,530,898 99.42 16,552 0.01 998,745 0.57 0
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
Re-election
6 of Nigel Stead 169,986,487 96.29 16,552 0.01 6,540,356 3.7 2,800
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
Election of
7 Pauline Best 176,307,745 99.87 16,552 0.01 217,970 0.12 3,928
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
Re-election
of William
8 Teasdale 168,284,849 95.32 16,552 0.01 8,241,994 4.67 2,800
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
Remuneration
9 Report 176,496,800 99.98 16,552 0.01 24,798 0.01 8,045
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
Authority
10 to Allot 162,741,627 99.72 16,552 0.01 435,674 0.27 13,352,342
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
Disapplication
11 of Pre-Emption 176,496,717 99.97 16,552 0.01 30,126 0.02 2,800
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
Purchase of
12 Own Shares 163,166,475 92.43 16,552 0.01 13,352,768 7.56 10,400
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
13 LTIP changes 176,500,062 99.98 16,552 0.01 11,851 0.01 17,730
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
Adoption of
14 articles 176,514,941 99.98 16,552 0.01 11,902 0.01 2,800
--------- --------------- --------------- --------- ---------- -------- ---------- -------- ----------
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO Tel: 0191 491
2111
Michael Sherwin, FD Tel: 0191 491
2112
Liberum
Peter Tracey Tel: 020 3100
2000
Richard Crawley
Jamie Richards
Zeus Capital Limited
Adam Pollock Tel: 020 7533
7727
Camarco
Billy Clegg Tel: 020 3757
4983
Georgia Mann
Notes to Editors
Vertu Motors, the UK automotive retailer with a proven growth
strategy, is the fifth largest automotive retailer in the UK with a
network of 132 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 129 franchised sales outlets and 3
non-franchised sales operations from 109 locations across the
UK.
Vertu Motors Group websites - www.vertumotors.com /
www.vertucareers.com
Vertu brand websites - www.bristolstreet.co.uk /
www.vertuhonda.com / www.macklinmotors.co.uk /
www.farnelllandrover.com / www.farnelljaguar.com /
www.vertuvolkswagen.com / www.southherefordgarages.co.uk /
www.vertumercedes-benz.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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July 20, 2016 06:04 ET (10:04 GMT)