Motorpoint Group plc Result of AGM (6302V)
July 24 2018 - 9:35AM
UK Regulatory
TIDMMOTR
RNS Number : 6302V
Motorpoint Group plc
24 July 2018
24 July 2018
Motorpoint Group Plc
("Motorpoint" or "the Company")
Result of AGM
Motorpoint, the UK's largest independent vehicle retailer
announces that, at its Annual General Meeting held on 24 July 2018,
all of the Resolutions as set out in the AGM Notice were approved
by way of a poll vote by shareholders.
As at the date of the AGM, the number of issued ordinary GBP0.01
shares of the Company was 98,124,023.
85 proxy votes (either voting or granting the Chairman
discretion to vote on their behalf) were received in relation to
76,968,541 shares representing 78.44% of the issued share capital
of Motorpoint.
Details of the proxy votes received on each resolution by
Motorpoint's Registrar are set out below.
Resolutions Total Votes
For/Discretion(%)(1) Against Vote Withheld
(%)
--------------------- ---------- --------------
Ordinary resolution to adopt the Company's
audited financial statements for the
financial year ended 31 March 2018,
together with the Directors' Report
and the Auditors' Report on those
1. accounts. 76,593,452 1,024 0
(99.99) (0.01)
------------------------------------------------ --------------------- ---------- --------------
2. Ordinary resolution to approve the 74,860,719 1,733,756 0
Directors' Remuneration Report (other
than the part containing the Directors'
Remuneration Policy).
(97.74) (2.25)
------------------------------------------------ --------------------- ---------- --------------
Ordinary resolution to declare a final
dividend of 4.6 pence per ordinary
share in respect of the financial
3. year ended 31 March 2018. 76,594,476 0 0
(99.99) (0.00)
------------------------------------------------ --------------------- ---------- --------------
Ordinary resolution to re-elect Mark
Carpenter as an executive director
4. of the Company. 76,593,964 512 0
(99.99) (0.01)
------------------------------------------------ --------------------- ---------- --------------
Ordinary resolution to re-elect James
Gilmour as an executive director of
5. the Company. 76,578,064 16,412 0
(99.97) (0.02)
------------------------------------------------ --------------------- ---------- --------------
Ordinary resolution to re-elect David
Shelton as a non-executive director
6. of the Company. 76,562,207 32,268 0
(99.95) (0.04)
------------------------------------------------ --------------------- ---------- --------------
Ordinary resolution to re-elect Mark
Morris as a non-executive director
7. of the Company. 76,562,207 32,268 0
(99.95) (0.04)
------------------------------------------------ --------------------- ---------- --------------
Ordinary resolution to re-elect Mary
McNamara as a non-executive director
8. of the Company 76,578,107 16,368 0
(99.97) (0.02)
------------------------------------------------ --------------------- ---------- --------------
Ordinary resolution to re-elect Gordon
Hurst as a non-executive director
9. of the Company. 76,593,964 512 0
(99.99) (0.01)
------------------------------------------------ --------------------- ---------- --------------
Ordinary resolution to re-elect Steve
Weller as a non-executive director
10. of the Company. 76,593,964 512 0
(99.99) (0.01)
------------------------------------------------ --------------------- ---------- --------------
Ordinary resolution to re-appoint
PricewaterhouseCoopers LLP as auditors
11. of the Company. 76,584,318 9,645 512
(99.99) (0.01)
------------------------------------------------ --------------------- ---------- --------------
12. Ordinary resolution to authorise the 76,593,964 512 0
Board to determine the auditors' remuneration.
(99.99) (0.01)
------------------------------------------------ --------------------- ---------- --------------
13. Ordinary Resolution to authorise the 76,593,964 512 496
directors to allot securities up to
an aggregate nominal value of GBP665,360.
(99.99) (0.01)
------------------------------------------------ --------------------- ---------- --------------
14. Special resolution to give the directors 76,593,964 512 0
power to allot securities for cash
without making an offer to shareholders,
generally, up to an aggregate nominal
value of GBP 49,902.
(99.99) (0.01)
------------------------------------------------ --------------------- ---------- --------------
15. Special resolution to give the directors 76,145,857 448,618 0
power to allot securities for cash
without making an offer to shareholders,
in order to finance acquisitions,
up to an aggregate nominal value of
GBP 49,902.
(99.41) (0.58)
------------------------------------------------ --------------------- ---------- --------------
Special resolution to give the Company
limited authority to purchase up to
16. 9,980,402 of its own shares. 76,578,107 16,368 0
(99.97) (0.02
------------------------------------------------ --------------------- ---------- --------------
Special resolution to authorise general
meetings (other than annual general
meetings) to be held on not less than
17. 14 clear days' notice. 76,531,537 62,427 512
(99.91) (0.08)
------------------------------------------------ --------------------- ---------- --------------
(1) Votes received supporting the resolution or granting the
Chairman discretion to vote on their behalf in respect of the
resolution
In accordance with Listing Rule 9.6.2, the full text of the
special resolutions passed at the AGM has been submitted to the
National Storage Mechanism and will be available at
http://www.morningstar.co.uk/uk/NSM.
Contact Information:
Motorpoint Group Plc (www.motorpointplc.com) Via FTI Consulting
Manjit K. Virk, Company Secretary
FTI Consulting (Financial PR)
Alex Beagley
James Styles
Fern Duncan 020 3727 1000
Notes to editors
Motorpoint is the largest independent vehicle retailer in the
United Kingdom. The Company's principal business is the sale of
nearly-new vehicles, the majority of which are up to two years old
and which have covered less than 15,000 miles. Motorpoint sells
vehicles from brands representing over 95 per cent. of new vehicle
sales in the United Kingdom, with models from Ford, Vauxhall,
Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top
sellers. The Group operates from 12 retail sites across the United
Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford,
Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of
which four have opened in the last three years; together with a
national contact-centre dealing with online enquiries.
More information is available at www.motorpointplc.com and
www.motorpoint.co.uk.
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END
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