TIDMLOOK

RNS Number : 9026J

Lookers PLC

29 December 2020

29 December 2020

Lookers plc

(the "Company")

Results of General Meeting held on 28 December 2020

The Company announces that at its General Meeting held on 28 December 2020 (the "GM") all the resolutions set out in the Notice of General Meeting dated 4 December 2020 were passed by the requisite majority (by means of a poll vote). All resolutions were passed as Ordinary Resolutions (requiring a simple majority of votes in favour of the resolution).

The results of the poll for each resolution are set out below:

 
 Resolution                                 For    For     Against  Against  Votes Withheld    Total issued 
                                        (No. of    (%)     (No. of      (%)         (No. of   share capital 
                                        shares)            shares)                  shares)      instructed 
                                                                                                        (%) 
1. To receive and adopt 
 the 2019 Annual Report 
 and Accounts                       232,811,911  83.66  45,484,956    16.34          37,449           71.33 
2. To appoint BDO LLP as 
 new auditors to the Company        278,082,996  99.92     236,400     0.08          14,921           71.34 
3. To authorise the audit 
 committee to determine 
 the remuneration of the 
 new auditors                       278,311,649  99.99       6,797     0.01          15,871           71.34 
4. To approve Part 1 of 
 the Directors' Remuneration 
 Report                             197,690,603  71.09  80,413,403    28.91         230,310           71.28 
5. To approve Part 2 of 
 the Directors' Remuneration 
 Report comprising the Directors' 
 Remuneration Policy                256,362,073  92.18  21,743,451     7.82         228,792           71.28

The Remuneration Committee notes the concerns raised by shareholders in relation to the remuneration report, and will reflect on this and communicate with shareholders in relation to the specific actions that it intends to take. As noted in the recently published annual report, the Remuneration Committee will continue to review the appropriateness of the remuneration policy as the business strategy evolves during the early part of 2021 and will continue to engage to the extent any changes are proposed.

 
NOTES: 
1.      Proxy appointments which gave discretion to the Chairman 
         of the AGM have been included in the "For" total for 
         the appropriate resolution. 
2.      Votes "For" and "Against" any resolution are expressed 
         as a percentage of votes validly cast for that resolution. 
3.      A "Vote withheld" is not a vote in law and is not counted 
         in the calculation of the percentage of shares voted 
         "For" or "Against" any resolution nor in the calculation 
         of the proportion of "Total issued share capital instructed" 
         for any resolution. 
4.      The issued share capital of the Company as at 29 December 
         2020 was 390,138,374. ordinary shares of 5 pence each. 
         The total voting rights of the Company on the day on 
         which shareholders had to be on the register in order 
         to be eligible to vote at the GM was 390,138,374. Each 
         share carries one vote. No shares are held in treasury. 
5.      The proportion of "Total issued share capital instructed" 
         for any resolution is the total of votes validly cast 
         for that resolution (i.e. the total votes "For" and 
         "Against" that resolution) expressed as a percentage 
         of the Share Capital. 
6.      The full text of the resolutions passed at the GM can 
         be found in the Notice of General Meeting which is available 
         on the Company's website at www.lookersplc.com. 
7.      A copy of the resolutions passed at the GM will shortly 
         be submitted to the National Storage Mechanism and will 
         be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism 
         . 
8.      The complete poll results will be available shortly 
         on the Company's website at www.lookersplc.com

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