TIDMMOTR
RNS Number : 3062H
Motorpoint Group plc
26 July 2023
26 July 2023
Motorpoint Group PLC
("Motorpoint" or the "Group")
Results of AGM held on 26 July 2023
Motorpoint Group PLC, the UK's leading independent omnichannel
used vehicle retailer, announces that, at its Annual General
Meeting ("AGM") held on 26 July 2023, 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 24 July 2023, the number of issued ordinary
GBP0.01 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. 57,986,923 proxy votes were received
representing 64.29% 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
(%) (%) Withheld(1)
----------- ---------- -------------
Ordinary resolution to adopt
the Company's audited financial
statements for the financial
year ended 31 March 2023, together
with the Directors' Report and
the Auditors' Report on those
1. accounts. 57,986,773 150 0
(99.99) (0.01)
-------------------------------------- ----------- ---------- -------------
Ordinary resolution to approve
2. the Directors' Remuneration Report 56,670,449 1,316,473 1
(97.73) (2.27)
-------------------------------------- ----------- ---------- -------------
Ordinary resolution to approve
3. the Directors' Remuneration Policy 56,668,681 1,318,242 0
(97.73) (2.27)
-------------------------------------- ----------- ---------- -------------
Ordinary resolution to re-elect
Mark Carpenter as an executive
4. director of the Company. 57,536,823 450,100 0
(99.22) (0.78)
-------------------------------------- ----------- ---------- -------------
Ordinary resolution to re-elect
Chris Morgan as an executive
5. director of the Company. 57,977,393 8,984 546
(99.98) (0.02)
-------------------------------------- ----------- ---------- -------------
Ordinary resolution to re-elect
John Walden as a non-executive
6. director of the Company. 57,448,371 538,552 0
(99.07) (0.93)
-------------------------------------- ----------- ---------- -------------
Ordinary resolution to re-elect
Mary McNamara as a non-executive
7. director of the Company. 57,321,118 665,805 0
(98.85) (1.15)
-------------------------------------- ----------- ---------- -------------
Ordinary resolution to re-elect
Adele Cooper as a non-executive
8. director of the Company. 57,554,034 432,889 0
(99.25) (0.75)
-------------------------------------- ----------- ---------- -------------
Ordinary resolution to re-elect
Keith Mansfield as a non-executive
9. director of the Company. 57,552,958 433,965 0
(99.25) (0.75)
-------------------------------------- ----------- ---------- -------------
Ordinary resolution to re-appoint
PricewaterhouseCoopers LLP as
10. auditors of the Company. 57,986,559 364 0
(99.99) (0.01)
-------------------------------------- ----------- ---------- -------------
Ordinary resolution to authorise
the Board to determine the auditors'
11. remuneration. 57,985,759 1,164 0
(99.99) (0.01)
-------------------------------------- ----------- ---------- -------------
Ordinary Resolution to authorise
the directors to allot securities
up to an aggregate nominal value
12. of GBP601,265. 57,958,279 20,278 8,366
(99.97) (0.03)
-------------------------------------- ----------- ---------- -------------
Special resolution to give the
directors general authority to
allot securities for cash without
13. making an offer to shareholders. 57,947,196 39,727 0
(99.93) (0.07)
-------------------------------------- ----------- ---------- -------------
Special resolution to give the
directors authority to allot
securities for cash without making
an offer to shareholders, in
14. order to finance acquisitions. 57,947,196 39,181 546
(99.93) (0.07)
-------------------------------------- ----------- ---------- -------------
Special resolution to give the
Company limited authority to
purchase up to 9,018,988 of its
15. own shares. 57,985,292 1,631 0
(99.99) (0.01)
-------------------------------------- ----------- ---------- -------------
Special resolution to authorise
general meetings (other than
annual general meetings) to be
held on not less than 14 clear
16. days' notice. 57,917,584 69,339 0
(99.88) (0.12)
-------------------------------------- ----------- ---------- -------------
(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 business resolutions passed at the AGM will shortly be
available to view via the National Storage Mechanism
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Enquiries:
Motorpoint Group PLC via FTI Consulting
Mark Carpenter, Chief Executive
Officer
Chris Morgan, Chief Financial
Officer
FTI Consulting (Financial PR)
Alex Beagley
Sam Macpherson
Harriet Jackson
Amy Goldup 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 20 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 choice, value,
service and quality for customers. The Group is proud to have been
recognised for nine consecutive years as one of the Top 100 Best
Companies to Work For.
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END
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