15 December 2020
Cambria Automobiles plc
("Cambria" or the "Group")
Posting of Annual Report and Financial Statements
for the year to 31 August 2020
Cambria, the franchised motor retailer, is pleased to announce that the Annual Report and Financial Statements for the year ended 31 August 2020, which includes a notice of the Annual General Meeting ("AGM"), has been posted to shareholders and is available on the Company's website, www.cambriaautomobilesplc.com. The AGM will be held at 10.30 a.m. on 7 January 2021 at Grange Aston Martin, Mosquito Way, Hatfield Business Park, Hatfield, AL10 9US.
As previously advised, given the current COVID-19 pandemic and the associated UK Government measures, the AGM this year will need to be held as a closed meeting. Shareholders will not be permitted to attend the AGM other than to meet the quorum requirement under the Company's Articles of Association, for which the necessary members will be provided by the Company. Instead, shareholders are strongly encouraged to submit Forms of Proxy in favour of the Chairman of the AGM in order to ensure their votes will be counted.
In order to protect the health and wellbeing of our shareholders and Associates, any shareholder who seeks to attend the AGM in person, will be prevented from doing so on grounds of public safety. The proceedings of the AGM will be restricted to the formal business set out in the Notice of AGM. The results of the voting on each resolution will be announced and uploaded onto the Company's website promptly following the close of the AGM. As shareholders will not be able to attend this year's AGM the Company is proposing to allow shareholders the opportunity to raise any issues or concerns arising from the business proposed to be conducted at the meeting. Details of how to submit questions are contained in the notice of AGM. Where the Board considers it appropriate it will endeavour to respond to any questions on the Company's website as soon as practical.
Mark Lavery, Chief Executive
James Mullins, Finance Director
Tel: 01707 280851
N+1 Singer - NOMAD & Joint Broker
Mark Taylor / Jen Boorer
Tel: 020 7496 3000
Zeus Capital - Joint Broker
Tel: 020 7533 7727
Alex Beagley / James Styles / Sam Macpherson
Tel: 020 3727 1000
About Cambria - www.cambriaautomobilesplc.com
Cambria Automobiles ("Cambria") was established in 2006 and has built a balanced portfolio of high luxury, premium and volume car dealerships, comprising over 40 franchises representing major brands across the UK. The Group's businesses are autonomous and trade under local brand names, including County Motor Works, Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph.
The Group's strategy is to complement its existing franchise and brand portfolio by acquiring earnings enhancing operations, using its strong balance sheet and disciplined approach to capital allocation.
Cambria's medium term ambition is to create a £1 billion turnover business producing attractive returns on capital.