Vertu Motors PLC Result of AGM (7474V)
July 25 2018 - 5:58AM
UK Regulatory
TIDMVTU
RNS Number : 7474V
Vertu Motors PLC
25 July 2018
25 July 2018
Vertu Motors plc ("Vertu Motors")
Result of AGM
Vertu Motors plc, the UK automotive retailer with a network of
125 sales and aftersales outlets across the UK, announces that all
resolutions put to shareholders at the Annual General Meeting held
earlier today were duly passed. The proxy voting results are set
out below:
In Favour Discretion Against Withheld
Resolution Votes %age Votes %age Votes %age Votes
------------ --------- --------- -------------- -----------
Annual Report
1 and Accounts 194,994,845 99.99 5,338 0.01 0 0 1,161,183
---------------- ------------ --------- --------- -------- -------------- --------- -----------
Reappointment
2 of Auditors 194,344,695 99.08 5,338 0.01 1,791,790 0.91 19,543
---------------- ------------ --------- --------- -------- -------------- --------- -----------
Auditors'
3 Remuneration 196,151,900 99.98 5,338 0.01 2,000 0.01 2,128
---------------- ------------ --------- --------- -------- -------------- --------- -----------
4 Final Dividend 196,156,028 99.99 5,338 0.01 0 0 0
---------------- ------------ --------- --------- -------- -------------- --------- -----------
Re-election
of Robert
5 Forrester 195,946,873 99.88 5,338 0.01 206,069 0.11 3,086
---------------- ------------ --------- --------- -------- -------------- --------- -----------
Re-election
of Nigel
6 Stead 166,408,271 84.83 5,338 0.01 29,744,671 15.16 3,086
---------------- ------------ --------- --------- -------- -------------- --------- -----------
Re-election
of Pauline
7 Best 166,390,856 84.83 5,338 0.01 29,744,671 15.16 20,501
---------------- ------------ --------- --------- -------- -------------- --------- -----------
Remuneration
8 Report 195,550,115 99.98 5,338 0.01 18,279 0.01 587,634
---------------- ------------ --------- --------- -------- -------------- --------- -----------
Authority
9 to Allot 194,945,230 99.67 5,338 0.01 625,023 0.32 585,775
---------------- ------------ --------- --------- -------- -------------- --------- -----------
Disapplication
10 of Pre-Emption 196,119,818 99.98 5,338 0.01 14,709 0.01 21,501
---------------- ------------ --------- --------- -------- -------------- --------- -----------
Pre-emption
11 on acquisitions 192,597,489 98.19 5,338 0.01 3,537,038 1.8 21,501
---------------- ------------ --------- --------- -------- -------------- --------- -----------
Purchase
12 of Own Shares 195,187,562 99.69 5,338 0.01 596,012 0.3 372,454
---------------- ------------ --------- --------- -------- -------------- --------- -----------
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO Tel: 0191 491 2111
Michael Sherwin, CFO Tel: 0191 491 2112
Camarco
Billy Clegg Tel: 020 3757 4983
Tom Huddart
Canaccord Genuity Limited
Chris Connors Tel: 020 7523 8350
Henry Fitzgerald O'Connor
Richard Andrews
Zeus Capital Limited
Dominic King Tel: 020 3829 5000
Notes to Editors
Vertu, the UK automotive retailer with a proven growth strategy,
is the sixth largest automotive retailer in the UK with a network
of 125 sales outlets across the UK. Its dealerships operate
predominantly under the Bristol Street Motors, Vertu, Farnell and
Macklin Motors brand names.
Vertu was established in November 2006 with the strategy to
consolidate the UK automotive retail sector. It is intended that
the Group will continue to acquire automotive retail operations to
grow a scaled dealership group. The Group's acquisition strategy is
supplemented by a focused organic growth strategy to drive
operational efficiencies through its national dealership network.
The Group currently operates 122 franchised sales outlets and 3
non-franchised sales outlets from 106 locations across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer
motoring experience through honesty and trust".
Vertu Group websites - www.vertumotors.com /
www.vertucareers.com
Vertu brand websites - www.bristolstreet.co.uk /
www.macklinmotors.co.uk / www.vertuhonda.com /
www.farnelllandrover.com / www.farnelljaguar.com /
www.vertutoyota.com / www.vertuvolkswagen.com /
www.vertumercedes-benz.com
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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END
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