27 July 2021
Motorpoint Group Plc
("Motorpoint" or "the Company")
Results of Annual General Meeting held on 27 July 2021
Motorpoint, the UK's leading independent omni-channel vehicle retailer announces that, at its Annual General Meeting ("AGM") held on 27 July 2021, all of the Resolutions as set out in the AGM Notice were approved by way of a poll vote by shareholders, the results of which are set out below.
As at 10.00 am on 23 July 2021, the number of issued ordinary £0.01 shares of the Company was 90,189,885. This represents the total number of shares entitling the holders to attend and vote for or against all resolutions. 62,431,952 proxy votes were received representing 69.2% of the issued share capital of Motorpoint.
Details of the votes received on each resolution by Motorpoint's Registrar are set out below. Full text of all of the resolutions is set out in the Notice of AGM on the Company's website.
| | Resolutions | Total Votes | ||
| For (%) | Against (%) | Vote Withheld1 | ||
| 1. | Ordinary resolution to adopt the Company's audited financial statements for the financial year ended 31 March 2021, together with the Directors' Report and the Auditors' Report on those accounts.
| 62,431,052 (99.99) | 100 (<0.01) | 800 |
| 2. | Ordinary resolution to approve the Directors' Remuneration Report (other than the part containing the Directors' Remuneration Policy).
| 59,357,234 (95.08) | 3,074,718 (4.92) | 0 |
| 3. | Ordinary resolution to re-elect Mark Carpenter as an executive director of the Company.
| 62,419,521 (99.98) | 12,431 (0.02) | 0 |
| 4. | Ordinary resolution to elect Chris Morgan as an executive director of the Company.
| 62,431,752 (99.99) | 200 (<0.01) | 0 |
| 5. | Ordinary resolution to re-elect Mark Morris as a non-executive director of the Company.
| 62,400,518 (99.95) | 31,434 (0.05) | 0 |
| 6. | Ordinary resolution to re-elect Mary McNamara as a non-executive director of the Company.
| 60,300,029 (96.59) | 2,131,922 (3.41) | 1 |
| 7. | Ordinary resolution to re-elect Adele Cooper as a non-executive director of the Company.
| 61,626,416 (98.71) | 805,536 (1.29) | 0 |
| 8. | Ordinary resolution to re-elect Keith Mansfield as a non-executive director of the Company.
| 61,614,085 (98.69) | 817,867 (1.31) | 0 |
| 9. | Ordinary resolution to re-appoint PricewaterhouseCoopers LLP as auditors of the Company.
| 62,430,942 (99.99) | 1,010 (<0.01) | 0 |
| 10. | Ordinary resolution to authorise the Board to determine the auditors' remuneration.
| 62,431,518 (99.99) | 434 (<0.01)
| 0 |
| 11. | Ordinary Resolution to authorise the directors to allot securities up to an aggregate nominal value of £601,266.
| 62,355,698 (99.88) | 76,254 (0.12) | 0 |
| 12. | Special resolution to give the directors power to allot securities for cash without making an offer to shareholders, generally, up to an aggregate nominal value of £45,095.
| 62,430,142 (99.99) | 1,010 (<0.01) | 800 |
| 13. | Special resolution to give the directors power to allot securities for cash without making an offer to shareholders, in order to finance acquisitions, up to an aggregate nominal value of £45,095.
| 62,430,476 (99.99) | 676 (<0.01)
| 800 |
| 14. | Special resolution to give the Company limited authority to purchase up to 9,018,989 of its own shares.
| 62,431,952 (100) | 0 (0) | 0 |
| 15. | Special resolution to authorise general meetings (other than annual general meetings) to be held on not less than 14 clear days' notice.
| 62,278,956 (99.76) | 152,196 (0.24) | 800 |
1 A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
In accordance with Listing Rule 9.6.2, the full text of the special resolutions passed at the AGM will shortly be available to view via the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
| Contact Information: | |
| Motorpoint Group Plc (www.motorpointplc.com) Chris Morgan, Company Secretary
| Via FTI Consulting |
| FTI Consulting (Financial PR) Alex Beagley James Styles Sam Macpherson
| 020 3727 1000 |
Notes to editors
Motorpoint is the UK's leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in-store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 14 sales and collection branches, the Group provides an unrivalled offering in the nearly new car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes. Motorpoint's purely online wholesale platform Auction4Cars.com sells vehicles into the wholesale B2B market that have been part exchanged by retail customers, or purchased directly from them by the Group as part of its online car buying service. Motorpoint's diversified business model, underpinned by its established brand, industry leading technology and sophisticated marketing infrastructure, always delivers the best value, choice, quality and service for customers. The Group is proud to have been recognised for seven consecutive years as one of the Sunday Times' Top 100 Best Companies to Work For.
More information is available at www.motorpointplc.com and www.motorpoint.co.uk.
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