TIDMAUTO
RNS Number : 4408R
Auto Trader Group plc
21 September 2017
Auto Trader Group plc Result of Annual General Meeting
Auto Trader Group plc (LSE: AUTO, "Auto Trader" or the
"Company"), the UK's largest digital automotive marketplace,
announces the results of the Company's Annual General Meeting
("AGM") held on 21 September 2017.
Each of the resolutions was voted on by way of a poll and the
result of each resolution is shown below. All resolutions were
passed with the exception of Resolution 6, which was withdrawn with
the consent of the meeting at the start of the AGM.
Sean Glithero, having not stood for re-election, ceases to be a
director with effect from 21 September 2017 and will leave the
business on 29 September 2017.
The total number of shares on the register at 6pm on 19
September 2017, being those eligible to be voted on at the AGM, was
967,278,952 (excluding treasury shares).
% of shares
on register
Total at 6pm
votes 19 September Votes
For* Against cast 2017 withheld***
---------------------------- --------------------- -------------------- ------------ -------------- -------------
No. of %** No. of votes %** No. of % No. of
Resolution votes votes votes
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
1. To receive the Annual
Report and Accounts
of the Company for the
financial year ended
31 March 2017 816,287,779 99.98 167,814 0.02 816,455,593 84.41% 43,350
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
2. To approve the
Directors'
Remuneration Report 809,249,426 99.12 7,198,204 0.88 816,447,630 84.41% 51,313
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
3. To declare a final
dividend of 3.5 pence
per ordinary share for
the year ended 31 March
2017 816,497,608 100.00 - - 816,497,608 84.41% 1,335
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
4. To re-elect Ed Williams
as a Director 802,075,963 98.23 14,419,950 1.77 816,495,913 84.41% 3,030
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
5. To re-elect Trevor
Mather as a Director 809,460,497 99.14 7,035,416 0.86 816,495,913 84.41% 3,030
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
6. To re-elect Sean WITHDRAWN
Glithero as a Director****
---------------------------- ----------------------------------------------------------------------------------------
7. To re-elect David
Keens as a Director 815,048,627 99.82 1,445,951 0.18 816,494,578 84.41% 4,365
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
8. To re-elect Jill
Easterbrook as a Director 811,592,200 99.40 4,902,378 0.60 816,494,578 84.41% 4,365
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
9. To re-elect Jeni
Mundy as a Director 806,500,289 98.78 9,994,289 1.22 816,494,578 84.41% 4,365
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
10. To elect Nathan
Coe as a Director 807,438,734 98.89 9,057,179 1.11 816,495,913 84.41% 3,030
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
11. To re-appoint KPMG
LLP as auditors of the
Company 816,494,590 100.00 0 0.00 816,494,590 84.41% 4,353
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
12. To authorise the
Board to determine the
auditors' remuneration. 816,447,618 100.00 2,682 0.00 816,450,300 84.41% 48,643
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
13. To authorise the
Directors to allot shares. 759,258,688 92.99 57,238,572 7.01 816,497,260 84.41% 1,683
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
14. To authorise the
partial disapplication
of pre-emption rights***** 816,251,236 99.97 244,689 0.03 816,495,925 84.41% 3,018
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
15. To authorise the
partial disapplication
of pre-emption rights
in connection with an
acquisition or
investment***** 751,484,018 92.04 65,011,906 7.96 816,495,924 84.41% 3,018
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
16. To authorise the
Company to purchase
its own shares***** 801,815,590 98.21 14,632,064 1.79 816,447,654 84.41% 51,288
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
17. To authorise the
Company to call general
meetings on not less
than 14 clear days'
notice***** 783,709,490 95.98 32,785,100 4.02 816,494,590 84.41% 4,353
---------------------------- ------------ ------- ------------- ----- ------------ -------------- -------------
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.
****Following the announcement on 3 July 2017 of Sean Glithero's
intention to leave the Board, Resolution 6 was withdrawn with the
consent of the meeting.
*****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 16 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 97,476,919 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 2018
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
Claire Baty
Company Secretary
About Auto Trader
Auto Trader Group plc is the UK and Ireland's largest digital
automotive marketplace. Auto Trader sits at the heart of the UK's
vehicle buying process and its primary activity is to help vehicle
retailers compete effectively on the marketplace in order to sell
more vehicles, faster. Auto Trader listed on the London Stock
Exchange in March 2015 and is now a member of the FTSE 250
Index.
The marketplace brings together the largest and most engaged
consumer audience. Auto Trader has over 90% prompted brand
awareness and attracts circa 60 million monthly cross platform
visits each month, with over 70% of visits coming through mobile
devices.
The marketplace also has the largest pool of vehicle sellers
(listing around 450,000 cars each day). Over 80% of UK automotive
retailers advertise on autotrader.co.uk.
For more information, please visit
http://about-us.autotrader.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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