24
July 2024
Motorpoint Group
PLC
("Motorpoint" or the "Group")
Results of AGM held on 24
July 2024
Motorpoint Group PLC, the UK's
leading independent omnichannel used vehicle retailer, announces
that, at its Annual General Meeting ("AGM") held on 24 July 2024,
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 2024, the
number of issued ordinary £0.01 shares of the Company was
87,756,356. This represents the total number of shares entitling
the holders to attend and vote for or against all resolutions.
57,114,132 proxy votes were received representing 65.08% 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
(shares)
|
For (%)
|
Against
(shares)
|
Against (%)
|
Vote
Withheld1
|
|
1.
|
Ordinary resolution to adopt the
Company's audited financial statements for the financial year ended
31 March 2024, together with the Directors' Report and the
Auditors' Report on those accounts.
|
57,114,132
|
100.00%
|
0
|
0.00%
|
0
|
|
2.
|
Ordinary resolution to approve the
Directors' Remuneration Report
|
55,867,131
|
97.83%
|
1,242,001
|
2.17%
|
5,000
|
|
3.
|
Ordinary resolution to re-elect Mark
Carpenter as an executive director of the Company.
|
56,668,171
|
99.22%
|
445,912
|
0.78%
|
49
|
|
4.
|
Ordinary resolution to re-elect
Chris Morgan as an executive director of the Company.
|
57,114,083
|
100.00%
|
49
|
0.00%
|
0
|
|
5.
|
Ordinary resolution to re-elect John
Walden as a non-executive director of the Company.
|
55,623,268
|
97.39%
|
1,490,793
|
2.61%
|
71
|
|
6.
|
Ordinary resolution to re-elect Mary
McNamara as a non-executive director of the Company.
|
55,428,102
|
97.05%
|
1,685,959
|
2.95%
|
71
|
|
7.
|
Ordinary resolution to re-elect
Adele Cooper as a non-executive director of the Company.
|
56,666,967
|
99.22%
|
447,094
|
0.78%
|
71
|
|
8.
|
Ordinary resolution to re-elect
Keith Mansfield as a non-executive director of the
Company.
|
56,666,967
|
99.22%
|
447,094
|
0.78%
|
71
|
|
9.
|
Ordinary resolution to re-appoint
PricewaterhouseCoopers LLP as auditors of the Company.
|
57,114,110
|
100.00%
|
0
|
0.00%
|
22
|
|
10.
|
Ordinary resolution to authorise the
Board to determine the auditors' remuneration.
|
57,114,132
|
100.00%
|
0
|
0.00%
|
0
|
|
11.
|
Ordinary Resolution to authorise the
directors to allot securities up to an aggregate nominal value of
£592,038.
|
50,242,550
|
87.97%
|
6,871,560
|
12.03%
|
22
|
|
12.
|
Special resolution to give the
directors general authority to allot securities for cash without
making an offer to shareholders.
|
50,218,620
|
87.93%
|
6,895,463
|
12.07%
|
49
|
|
13.
|
Special resolution to give the
directors authority to allot securities for cash without making an
offer to shareholders, in order to finance acquisitions.
|
50,218,598
|
87.93%
|
6,895,463
|
12.07%
|
71
|
|
14.
|
Special resolution to give the
Company limited authority to purchase up to 8,880,583 of its own
shares.
|
57,114,132
|
100.00%
|
0
|
0.00%
|
0
|
|
15.
|
Special resolution to authorise
general meetings (other than annual general meetings) to be held on
not less than 14 clear days' notice.
|
56,983,643
|
99.77%
|
130,489
|
0.23%
|
0
|
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
Mark Carpenter, Chief Executive
Officer
Chris Morgan, Chief Financial
Officer
|
via FTI Consulting
|
|
FTI
Consulting (Financial PR)
Alex Beagley
Harriet Jackson
Amy Goldup
|
020 3727 1000
|
Notes to editors
Motorpoint is the UK's leading
independent 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 stores, 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.