Result of AGM

RNS Number : 8972C
Vertu Motors PLC
23 June 2021
 

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

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