VERTU MOTORS PLC

AGM Information • Jun 23, 2021

National Storage Mechanism | Additional information

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
1	Annual Report and Accounts	155,045,068	99.49		798,653	0.51		705,144
2	Reappointment of 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
4	Election of David Crane	154,545,203	98.72		2,002,512	1.28		1,150
5	Election of Ken 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
8	Disapplication of Pre-Emption	155,741,802	99.52		753,810	0.48		53,253
9	Pre-emption on acquisitions	152,486,141	97.43		4,015,581	2.57		47,143
10	Purchase of Own 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 Andrew Jones Dominic King	Tel: 020 3829 5000
Camarco
Billy Clegg Tom Huddart	Tel: 020 3757 4983

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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