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 |
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| 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. | |||
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| 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". | |||
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| Vertu Motors Group websites - https://investors.vertumotors.com / www.vertucareers.com | |||
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