Auto Trader Group plc Result of Annual General
Meeting
Auto Trader Group plc (LSE: AUTO,
"Auto Trader" or the "Company"), the UK's largest digital
automotive marketplace, announces the results of the Company's
Annual General Meeting ("AGM") held on 19 September
2024.
Each of the resolutions were voted
on by way of a poll, and the result of each resolution is shown
below. All resolutions were passed.
The total number of shares on the
register at 6pm on 17 September 2024, therefore those being
eligible to be voted on at the AGM, was 894,856,400 (excluding
treasury shares).
|
|
For*
|
Against
|
Total
votes cast
|
Votes
withheld***
|
|
Resolution
|
No. of
votes
|
%**
|
No. of
votes
|
%**
|
No. of
votes
|
No. of
votes
|
|
1. To receive the Annual
Report and Accounts of the Company for the financial year ended 31
March 2024
|
709,478,894
|
99.80%
|
1,422,310
|
0.20%
|
710,901,204
|
9,150,743
|
|
2. To approve the
Directors' Remuneration Policy
|
690,020,617
|
95.88%
|
29,676,477
|
4.12%
|
719,697,094
|
354,853
|
|
3. To approve the
Directors' Remuneration Report
|
689,383,393
|
95.75%
|
30,611,669
|
4.25%
|
719,995,062
|
56,885
|
|
4. To declare a final
dividend of 6.4 pence per ordinary share for the year ended 31
March 2024
|
719,950,376
|
100.00%
|
541
|
0.00%
|
719,950,917
|
101,030
|
|
5. To re-elect Matt
Davies as a Director
|
695,751,268
|
96.63%
|
24,251,610
|
3.37%
|
720,002,878
|
49,069
|
|
6. To re-elect Nathan
Coe as a Director
|
719,577,296
|
99.94%
|
425,582
|
0.06%
|
720,002,878
|
49,069
|
|
7. To re-elect Jeni
Mundy as a Director
|
709,379,466
|
99.67%
|
2,378,612
|
0.33%
|
711,758,078
|
8,293,869
|
|
8. To re-elect Catherine
Faiers as a Director
|
719,577,895
|
99.94%
|
425,233
|
0.06%
|
720,003,128
|
48,819
|
|
9. To re-elect Jamie
Warner as a Director
|
719,312,864
|
99.90%
|
690,014
|
0.10%
|
720,002,878
|
49,069
|
|
10. To re-elect Sigga Sigurdardottir
as a Director
|
709,887,938
|
99.74%
|
1,869,890
|
0.26%
|
711,757,828
|
8,294,119
|
|
11. To re-elect Jasvinder Gakhal as
a Director
|
709,890,930
|
99.74%
|
1,867,148
|
0.26%
|
711,758,078
|
8,293,869
|
|
12. To elect Geeta Gopalan as a
Director
|
708,406,530
|
98.39%
|
11,596,598
|
1.61%
|
720,003,128
|
48,819
|
|
13. To elect Amanda James as a
Director
|
703,140,452
|
97.66%
|
16,862,676
|
2.34%
|
720,003,128
|
48,819
|
|
14. To re-appoint KPMG LLP as
auditors of the Company
|
710,520,713
|
98.68%
|
9,482,415
|
1.32%
|
720,003,128
|
48,819
|
|
15. To authorise the Board to
determine the auditors' remuneration
|
719,925,776
|
99.99%
|
78,485
|
0.01%
|
720,004,261
|
47,686
|
|
16. To authorise the Directors to
allot shares
|
687,717,700
|
95.52%
|
32,287,480
|
4.48%
|
720,005,180
|
46,767
|
|
17. Adoption of the Auto Trader 2024
Long Term Incentive Plan
|
705,493,892
|
97.98%
|
14,510,928
|
2.02%
|
720,004,820
|
47,127
|
|
18. Adoption of the Auto Trader 2024
Deferred Bonus Plan
|
708,920,859
|
98.46%
|
11,079,851
|
1.54%
|
720,000,710
|
51,237
|
|
19. Approval of amendments to the
Auto Trader Group plc Savings Related Share Option Plan
|
713,771,980
|
99.34%
|
4,759,579
|
0.66%
|
718,531,559
|
1,520,388
|
|
20. Approval of amendments to the
Auto Trader Group plc Share Incentive Plan
|
718,130,272
|
99.94%
|
399,902
|
0.06%
|
718,530,174
|
1,521,773
|
|
21. To authorise the partial
disapplication of pre-emption rights****
|
716,795,476
|
99.55%
|
3,209,704
|
0.45%
|
720,005,180
|
46,767
|
|
22. To authorise the partial
disapplication of pre-emption rights in connection with an
acquisition or investment****
|
707,431,874
|
98.25%
|
12,573,306
|
1.75%
|
720,005,180
|
46,767
|
|
23. To authorise the Company to
purchase its own shares****
|
710,181,601
|
98.66%
|
9,636,554
|
1.34%
|
719,818,155
|
233,792
|
|
24. To authorise the Company to call
general meetings on not less than 14 clear days'
notice****
|
675,903,098
|
93.88%
|
44,100,030
|
6.12%
|
720,003,128
|
48,819
|
NOTES:
* The "For" votes include those
giving the Chairman discretion.
** Votes "For" and "Against" are
expressed as a percentage of votes received.
***A vote "withheld" is not a vote
in law and is not counted in the calculation of the votes "For" or
"Against" the resolution.
****Denotes Special
Resolutions
Percentage of shares voted: 80.47%.
The number of shares in issue at close of business on 17 September
2024 was 894,856,400 (excluding treasury shares).
The full text of the resolutions can
be found in the Notice of Annual of General Meeting, which is
available for inspection at the National Storage Mechanism
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
and also on the Company's website at
https://plc.autotrader.co.uk
A copy of the resolutions passed
under special business (as defined by the listing rules of the UK
Listing Authority) will shortly be submitted to the National
Storage Mechanism for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
|
Auto Trader Group plc
Claire Baty, Company Secretary
|
0345 111 0006
|
|
Powerscourt
autotrader@powerscourt-group.com
|
+44 (0)20 7250 1446
|
About Auto Trader
Auto Trader Group plc is the UK's
largest automotive platform. It listed on the London Stock Exchange
in March 2015 and is a member of the FTSE 100 Index.
Auto Trader's purpose is Driving
Change Together. Responsibly. Auto Trader is committed to creating
a diverse and inclusive culture, it aims to build stronger
partnerships with its customers and use its voice and influence to
drive more environmentally friendly vehicle choices.
With the largest number of car
buyers and the largest choice of trusted stock, Auto Trader's
marketplace sits at the heart of the UK car buying process. That
marketplace is built on an industry-leading technology and data
platform, which is increasingly used across the automotive
industry. Auto Trader is continuing to bring more of the car buying
journey online, creating an improved buying experience, whilst
enabling all its retailer partners to sell vehicles
online.
Auto Trader publishes a monthly used
car Retail Price Index which is based on pricing analysis of circa
800,000 unique vehicles. The same data that powers the Index is
used by the Office for National Statistics to make the UK's
official measures of inflation more robust, as well as the Bank of
England to feed the broader UK economic indicators.
For more information, please
visit: https://plc.autotrader.co.uk/