Pendragon PLC
(“the Company”)
Results of Annual
General Meeting
The Annual General Meeting of the Company was held on Thursday
27 April 2017 at 10.30am. The results of each resolution are
set out in the table below.
Resolution |
Votes for |
% For (to 2
d.p) |
Votes
Against |
% Against (to 2
d.p) |
Votes
Withheld |
1. To receive the annual accounts
and Directors’ and Auditors Reports for year ended 31 December
2016 |
985,317,899 |
99.99 |
941,694 |
0.1 |
3,744,414 |
2. To approve the annual report on
directors’ Remuneration, excluding the part containing the
Directors’ remuneration policy |
966,066,769 |
98.60 |
13,757,503 |
1.4 |
10,179,935 |
3. To approve the Directors’
remuneration policy |
546,252,498 |
55.34 |
440,789,662 |
44.66 |
2,691,847 |
4. To approve the establishment of
the Pendragon Value Creation Plan (VCP) |
518,694,863 |
52.55 |
468,398,636 |
47.45 |
2,910,508 |
5. To declare a final dividend of
0.75 pence per ordinary share |
987,246,336 |
99.99 |
45,925 |
0.01 |
2,711,746 |
6. To re-elect Mr M S Casha as a
director |
982,877,141 |
99.56 |
4,356,520 |
0.44 |
2,770,346 |
7. To re-elect Mr
J S King as a director |
951,364,568 |
96.37 |
35,869,093 |
3.63 |
2,770,346 |
8. To appoint KPMG LLP as auditors
of the Company |
952,868,863 |
96.52 |
34,308,836 |
3.48 |
2,826,308 |
9. To authorise directors to
determine remuneration of the auditors |
980,075,372 |
99.28 |
7,074,650 |
0.72 |
2,826,308 |
10. To authorise the Directors to
allot shares in the Company |
980,388,165 |
99.36 |
6,326,878 |
0.64 |
3,288,964 |
11. To authorise the directors to
call a general meeting on not less than 14 clear days’ notice |
961,998,882 |
97.44 |
25,289,884 |
2.56 |
2,715,241 |
12. To authorise the Directors to
dis-apply pre-emption rights when allotting shares in connection
with an acquisition or specified capital investment |
986,904,037 |
99.97 |
295,164 |
0.03 |
2,804,806 |
13. To authorise the Directors to
dis-apply pre-emption rights when allotting shares in connection
with an acquisition or specific capital investment which is
announced contemporaneously with, or has taken place in the
preceding six months |
985,390,575 |
99.82 |
1,790,626 |
0.18 |
2,822,806 |
14. To authorise the Company to make
market purchases of its shares |
979,911,063 |
99.28 |
7,101,067 |
0.72 |
2,991,876 |
All resolutions were passed. Resolutions 11 to 14 were
passed as special resolutions.
Chris Chambers, Chairman of the
Remuneration Committee commented as follows on the outcome of
resolutions 3 and 4:
“We note that shareholders approved our new
remuneration policy and value creation plan. The Board
believes that this new policy, and the VCP is fundamental in
supporting the delivery of our strategy, rewarding both the
executives and senior management group driving its successful
delivery, on its maturity in four years’ time. The IMS issued
today demonstrates that management are already making significant
progress in the implementation of the strategy”.
RICHARD
MALONEY
COMPANY SECRETARY
27 APRIL
2017
Enquiries:
Finsbury
Philip
Walters Tel:
0207 2513801
Pendragon
PLC
Tel: 01623 725200
-ENDS-