Vertu Motors PLC Result of AGM (2684E)

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RNS Number : 2684E

Vertu Motors PLC

28 June 2023

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 (including a further resolution to reappoint Jonathan Mark Mewett) 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        125,597,257    100            0         0        662,303 
     -------------------------------  ------------  ------      -----------  -----    --------- 
 2   Reappointment of Auditors         106,585,217   84.42       19,671,310  15.58       3,033 
     -------------------------------  ------------  ------      -----------  -----    --------- 
 3   Auditors' Remuneration            108,569,875   85.99       17,688,558  14.01       1,127 
     -------------------------------  ------------  ------      -----------  -----    --------- 
 4   Dividend                          126,254,752   99.99         4,359     0.01         449 
     -------------------------------  ------------  ------      -----------  -----    --------- 
 5   Re-election of Robert Forrester   124,908,077   98.93       1,351,483   1.07          0 
     -------------------------------  ------------  ------      -----------  -----    --------- 
 6   Re-election of Pauline Best       119,201,291   94.41       7,058,269   5.59          0 
     -------------------------------  ------------  ------      -----------  -----    --------- 
 7   Remuneration Report               124,643,705   98.74       1,587,022   1.26       28,833 
     -------------------------------  ------------  ------      -----------  -----    --------- 
 8   Authority to Allot                125,002,848   99.49        638,402    0.51       618,310 
     -------------------------------  ------------  ------      -----------  -----    --------- 
 9   Disapplication of Pre-Emption     124,934,890   98.99       1,270,028   1.01       54,642 
     -------------------------------  ------------  ------      -----------  -----    --------- 
 10  Pre-emption on acquisitions       124,808,903   98.87       1,424,434   1.13       26,223 
     -------------------------------  ------------  ------      -----------  -----    --------- 
 11  Purchase of Own Shares            125,273,694   99.47        656,571    0.52       321,295 
     -------------------------------  ------------  ------      -----------  -----    --------- 
12   Adoption of articles              126,161,238   99.97         23,880    0.02       66,442 
     -------------------------------  ------------  ------      -----------  -----    ---------

- Ends -

For further information please contact:

 
Vertu Motors plc                                  Tel: +44 (0) 191 491 2121 
Robert Forrester, CEO 
Karen Anderson, CFO 
 Phil Clark, Investor relations                      PClark@vertumotors.com 
 
Zeus (Nominated Adviser and Broker)               Tel: +44 (0) 203 829 5000 
Jamie Peel 
Andrew Jones 
Dominic King 
 
Camarco                                           Tel: +44 (0) 203 757 4983 
Billy Clegg 
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 141 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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June 28, 2023 07:52 ET (11:52 GMT)

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