Lookers plc

2020 Results Date, Board Update & Notice of AGM

Lookers plc ("Lookers" or the "Group"), one of the leading UK motor retail and aftersales service groups, today confirms the date for the announcement of its 2020 Full Year Results, provides an update on the Board and gives formal notice of its Annual General Meeting ("AGM").

2020 Results Date

Further to the renewal of the Group's bank facility announced on 25 May 2021, the Group will release its audited preliminary results for the year ended 31 December 2020 on 29 June 2021.

Board Update

Anna Bielby was appointed as a Director and Interim Chief Financial Officer in January 2021 for an interim term of six months. Since then she has made a valuable contribution to the Group. She has agreed to extend her assignment and will leave the Group at the end of July 2021 following finalisation of a number of key projects. Accordingly, Anna will not be seeking election as a Director at this year's AGM.

The search continues for a successor to Phil White as Chairman. In the interim, the Board has asked Phil to remain as Chair to ensure an orderly handover which the Board believes is in the best interests of all stakeholders. Therefore, whilst previously announced that he will not be standing for re-election, Phil has now agreed to stand for re-election at this year's AGM. The Board would like to thank Phil for his resilient and clear leadership, particularly over the last 12 months as the Group has resolved a number of legacy issues.

As the Group looks forward with renewed confidence, it will continue to update on progress with both the Chairman and Chief Financial Officer positions.

Notice of AGM

The Group has today posted to shareholders Notice of its Annual General Meeting ("Notice of AGM") to be held at 10am on 30 June at Manchester Airport Marriott Hotel, Hale Road, Hale Barns, Altrincham, WA15 8XW.

We are keen to welcome shareholders in person to our AGM this year, particularly given the constraints we faced in 2020 due to the COVID-19 pandemic. Current guidelines issued by the UK Government suggest that it will be possible to hold the AGM as an open meeting, with shareholders present in person. However, given the constantly evolving nature of the situation in relation to the COVID-19 pandemic, we want to ensure that we are able to adapt these arrangements efficiently to respond to any changes in circumstances. The Notice of AGM gives details of how shareholders will be informed if an open meeting is not possible and the consequential arrangements.

Pursuant to Listing Rule 9.6.1, a copy of the Notice of Annual General Meeting has been submitted to the National Storage Mechanism and will be available for viewing shortly at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Notice of Meeting will also shortly be available on the Company's website:  www.lookersplc.com/investors/shareholder-information

Split AGM and Accounts Meeting

As previously announced, as a result of the ongoing COVID-19 pandemic, the Group has chosen to take advantage of the Financial Conduct Authority's extended reporting deadline for its 2020 Full Year Results. Consequently, to ensure that the AGM for 2021 is held within the timescales mandated by the Companies Act 2006, we have decided to split the AGM and the general meeting at which the 2020 Full Year Results will be laid before shareholders.

As in 2020, the standard shareholder resolutions relating to receiving the audited financial statements and the auditors' and directors' reports, approving the directors' remuneration report and the re-appointment and remuneration of our auditors, will be tabled at a separate general meeting of shareholders. We intend to the issue the formal notice in respect of this additional general meeting shortly after publication of our 2020 Full Year Results.

Enquiries:

Lookers

Philip Kenny, General Counsel and Company Secretary                                    0161 291 0043

 MHP Communications

Tim Rowntree / Simon Hockridge / Charles Hirst                                               07709 496 125 / 020 3128 8193

The Company is registered in England at Lookers House, 3 Etchells Road, West Timperley, Altrincham WA14 5XS. Company registration number 00111876.  LEI number 213800TSB8PJEACDAV33