Source - RNS
RNS Number : 5874K
Auto Trader Group plc
22 September 2016
 

Auto Trader Group plc ("Auto Trader", the "Company")

Result of Annual General Meeting (AGM)

Auto Trader Group plc announces that all resolutions were approved at the Company's AGM on 22 September 2016. 

Each of the resolutions was voted on by way of a poll and the result of each resolution is shown below.

The total number of shares on the register at 6pm on 20 September 2016, being those eligible to be voted on at the AGM, was 988,805,914 (excluding treasury shares).


For*

Against

Total votes cast

% of shares on register at 6pm 20 September 2016

Votes withheld***

Resolution

No. of votes

%**

No. of votes

%**

No. of votes

%

No. of votes

1.   To receive the Annual Report and Accounts of the Company for the financial year ended 27 March 2016

786,089,425

99.51%

3,876,537

 

0.49%

789,965,962

79.89%

48,423

2.   To approve the Directors' Remuneration Report

779,343,590

98.66%

10,617,266

1.34%

789,960,856

79.89%

53,529

3.   To re-elect Ed Williams as a Director

787,552,019

99.69%

2,455,797

0.31%

790,007,816

79.90%

6,569

4.   To re-elect Trevor Mather as a Director

787,748,852

99.71%

2,260,290

0.29%

790,009,142

79.90%

5,243

5.   To re-elect Sean Glithero as a Director

760,514,704

99.01%

7,630,979

0.99%

768,145,683

77.68%

21,868,702

6.   To re-elect David Keens as a Director

788,288,086

99.78%

1,718,404

0.22%

790,006,490

79.90%

7,895

7.   To re-elect Jill Easterbrook as a Director

787,603,882

99.70%

2,402,608

0.30%

790,006,490

79.90%

7,895

8.   To elect Jeni Mundy as a Director

789,993,905

100.00%

13,285

0.00%

790,007,190

79.90%

6,569

9.   To appoint KPMG LLP as auditors of the Company

789,653,843

99.97%

237,766

0.03%

789,891,609

79.88%

122,776

10.  To authorise the Board to determine the auditors' remuneration

789,925,065

100.00%

37,117

0.00%

789,962,182

79.89%

52,203

11.  To authorise the Directors to allot shares

735,244,187

93.24%

53,314,879

6.76%

788,559,066

79.75%

1,455,319

12.  To authorise the partial disapplication of pre-emption rights****

787,211,364

99.66%

2,678,919

0.34%

789,890,283

79.88%

124,102

13.  To authorise the partial disapplication of pre-emption rights in connection with an acquisition or investment****

723,274,139

91.88%

63,952,971

8.12%

787,227,110

79.61%

2,787,275

14.  To authorise the Company to purchase its own shares****

776,440,594

98.29%

13,532,757

1.71%

789,973,351

79.89%

41,034

15.  To authorise the Company to call general meetings on not less than 14 clear days' notice****

750,776,045

95.03%

39,233,095

4.97%

790,009,140

79.90%

5,243

NOTES:

* The "For" votes include those giving the Chairman discretion.

** Votes "For" and "Against" are expressed as a percentage of votes received.

***A vote "withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" the resolution.

 ****Denotes Special Resolutions.

As previously announced, the Company commenced a rolling programme of share buy-backs on 15 June 2016 and, in reliance on the approval of Resolution 14 at today's AGM, the Company announces that it intends to continue with the share buy-back programme, the purpose of which is to reduce its share capital. The Company's shareholders have generally authorised the Company to make market purchases of up to 99,905,974 of its ordinary shares, which represents 10% of its ordinary shares (excluding treasury shares), subject to minimum and maximum price restrictions.  The share buy-back programme will continue under the authority granted by the Company's shareholders at today's AGM on an ongoing basis until the expiry of the authority at the conclusion of the Company's 2017 AGM. The share buy-back programme will be conducted in accordance with the Company's general authority to repurchase shares, Chapter 12 of the UKLA Listing Rules and relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions.

The full text of the resolutions can be found in the Notice of Annual of General Meeting, which is available for inspection at the National Storage Mechanism http://www.hemscott.com/nsm.do and also on the Company's website at http://about-us.autotrader.co.uk/investors

A copy of the resolutions passed under special business (as defined by the listing rules of the UK Listing Authority) will shortly be submitted to the National Storage Mechanism for inspection at http://www.hemscott.com/nsm.do 

Sean Glithero

Company Secretary


This information is provided by RNS
The company news service from the London Stock Exchange
 
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