Inchcape PLC

Declaration of Voting Results & Voting Rights Announcements • May 26, 2016

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RNS Number : 4670Z

Inchcape PLC

26 May 2016

Inchcape plc (the "Company")

26 May 2016

Result of Annual General Meeting

The Company announces that all resolutions proposed at the Annual General Meeting of the Company held earlier today were passed.

Details of the votes cast on all resolutions are set out below and will also be available on the Company's website: www.inchcape.com

In accordance with UK Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.

Resolution	Votes For	% For	Votes Against	% Against	Votes Withheld
1. To receive the Accounts and Directors' and Auditors Reports	338,854,279	99.94	212,922	0.06	298,370
2. To approve the Directors' Report on Remuneration	213,903,231	63.50	122,942,981	36.50	2,519,357
3. To approve a final dividend of 14.1p per ordinary share	339,305,264	99.98	60,000	0.02	307
4. To re-elect Ken Hanna as a Director	332,008,618	98.48	5,129,299	1.52	2,227,654
5. To re-elect Stefan Bomhard as a Director	338,967,938	99.89	387,615	0.11	10,018
6. To elect Richard Howes as a Director	338,965,587	99.89	383,867	0.11	16,117
7. To re-elect Alison Cooper as a Director	338,912,593	99.87	442,017	0.13	10,961
8. To re-elect John Langston as a Director	338,760,012	99.83	591,698	0.17	13,861
9. To re-elect Coline McConville as a Director	335,913,143	98.99	3,440,601	1.01	11,827
10. To re-elect Nigel Northridge as a Director	326,934,445	96.34	12,418,189	3.66	12,937
11. To elect Nigel Stein as a Director	338,404,609	99.72	938,675	0.28	22,287
12. To re-elect Till Vestring as a Director	338,765,910	99.83	586,734	0.17	12,927
13. To reappoint PricewaterhouseCoopers LLP as Auditors	333,443,230	98.26	5,921,114	1.74	1,227
14. To authorise the Directors to determine the Auditors' remuneration	338,738,287	99.82	623,809	0.18	3,475
15. To authorise the Directors to allot relevant securities pursuant to section 560(1) of the Companies Act 2006	338,991,538	99.89	356,323	0.11	17,710
16. To empower the Directors to disapply pre-emption rights pursuant to Section 561 of the Companies Act 2006	318,891,732	95.26	15,868,241	4.74	4,605,598
17. To authorise the Company to make market purchases of its ordinary shares up to 10.0% of its issued share capital	335,934,888	98.99	3,421,115	1.01	9,568
18. Notice of Meetings	322,555,874	95.05	16,804,820	4.95	4,876

The Board notes that, although the resolution to approve the Directors' Report on Remuneration was passed with the requisite majority, some 36.5% of votes were cast against the resolution. We have engaged with the Company's major shareholders in order to fully understand their concerns relating to the Directors' Report on Remuneration and will continue to engage with shareholders throughout the year.  Further details will be given in next years' Directors' Report on Remuneration.  

Ends

1.         Notes to editors

About Inchcape:

Inchcape is a leading global premium automotive group, operating in 26 markets with a portfolio of the world's leading car brands in the fast-growing luxury and premium segments. Inchcape has diversified multi-channel revenue streams including sale of new and used vehicles, parts, service, finance and insurance.

The Company has been listed on the London Stock Exchange since 1958, is headquartered in London and employs around 14,500 people.

www.inchcape.com

This information is provided by RNS

The company news service from the London Stock Exchange

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