TIDMVTU

RNS Number : 8972C

Vertu Motors PLC

23 June 2021

23 June 2021

Vertu Motors plc ("Vertu Motors" or "Company")

Result of AGM

Vertu Motors plc, the UK automotive retailer with a network of 149 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               Against            Withheld 
         Resolution              Votes      % age        Votes     % age       Votes 
                              ------------  ------    -----------           ------------ 
      Annual Report and 
 1     Accounts                155,045,068   99.49      798,653    0.51        705,144 
      ----------------------  ------------  ------    -----------  -----    ------------ 
      Reappointment of 
 2     Auditors                153,883,318   98.31     2,644,184   1.69         21,363 
      ----------------------  ------------  ------    -----------  -----    ------------ 
 3    Auditors' Remuneration   156,516,135   99.98       30,470    0.02         2,260 
      ----------------------  ------------  ------    -----------  -----    ------------ 
      Election of David 
 4     Crane                   154,545,203   98.72     2,002,512   1.28         1,150 
      ----------------------  ------------  ------    -----------  -----    ------------ 
      Election of Ken 
 5     Lever                   122,708,681   78.39     33,819,931  21.61        20,253 
      ----------------------  ------------  ------    -----------  -----    ------------ 
 6    Remuneration Report      89,414,235    67.63     42,791,337  32.37      24,343,293 
      ----------------------  ------------  ------    -----------  -----    ------------ 
 7    Authority to Allot       155,285,097   99.59      633,826    0.41        629,942 
      ----------------------  ------------  ------    -----------  -----    ------------ 
      Disapplication 
 8     of Pre-Emption          155,741,802   99.52      753,810    0.48         53,253 
      ----------------------  ------------  ------    -----------  -----    ------------ 
      Pre-emption on 
 9     acquisitions            152,486,141   97.43     4,015,581   2.57         47,143 
      ----------------------  ------------  ------    -----------  -----    ------------ 
      Purchase of Own 
  10   Shares                  155,569,248   99.58      657,172    0.42        322,445 
      ----------------------  ------------  ------    -----------  -----    ------------ 
11    LTIP amendment           121,198,064   77.72     34,745,148  22.28       605,653 
      ----------------------  ------------  ------    -----------  -----    ------------ 
 

Ends -

For further information please contact:

 
 Vertu Motors plc 
 Robert Forrester, CEO   Tel: 0191 491 2121 
 Karen Anderson, CFO     Tel: 0191 491 2121 
 Zeus Capital Limited 
 Jamie Peel              Tel: 020 3829 5000 
  Andrew Jones 
  Dominic King 
 Camarco 
 Billy Clegg             Tel: 020 3757 4983 
  Tom Huddart 
 

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 149 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell and Macklin Motors brand names.

Vertu Motors was established in November 2006 with the strategy to consolidate the UK motor retail sector. It is intended that the Group will continue to acquire motor 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 145 franchised sales outlets and 4 non-franchised sales operations from 115 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".

Vertu Motors Group websites - www.vertucareers.com

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.vertumercedes-benz.com

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END

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June 23, 2021 12:00 ET (16:00 GMT)

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