LOOKERS PLC — AGM Information 2019

May 31, 2019

National Storage Mechanism | Additional information

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RNS Number : 8167A

Lookers PLC

31 May 2019

31 May 2019

Lookers plc

(the "Company")

Result of Annual General Meeting

The Company is pleased to announce that at the Annual General Meeting held today, Friday 31st May 2019, the Resolutions as set out in the Notice of Meeting were passed.

For information, details of the proxy votes received in respect of the Resolutions are set out below:

Resolution	For	%	Against	%	Votes withheld
1.    Financial Statements	308,350,356	100	0	0	189,804
2.    Directors' Remuneration Report	206,812,484	67.03	101,727,675	32.97	0
3.    Final Dividend	308,539,210	99.99	950	0.01	0
4.    Re-elect Andy Bruce	307,119,932	99.54	1,420,228	0.46	0
5.    Re-elect Robin Gregson	306,864,285	99.46	1,675,875	0.54	0
6.    Re-elect Nigel McMinn	307,119,982	99.54	1,420,178	0.46	0
7.    Re-elect Tony Bramall	306,867,584	99.46	1,672,576	0.54	0
8.    Re-elect Phil White	281,141,884	91.12	27,398,276	8.88	0
9.    Re-elect Richard Walker	298,444,038	96.73	10,096,122	3.27	0
10.  Re-elect Sally Cabrini	298,218,437	96.65	10,321,723	3.35	0
11.  Re-elect Stuart Counsell	297,018,766	96.31	11,380,975	3.69	140,419
12.  Re-appoint Auditor	250,449,778	81.17	58,090,382	18.83	0
13.  Remuneration of Auditors	308,536,624	99.99	950	0.01	2,586
14.  Authority to Allot	307,494,032	99.66	1,043,542	0.34	2,586
15.  *Disapplication of Pre-emption Rights	308,513,255	99.98	13,586	0.01	0
16.  *Disapplication of Pre-emption Rights for Acquisitions and Capital Investments	308,513,255	99.98	13,586	0.01	0
17.  *Authority to Purchase Own Shares	308,162,447	99.98	20,144	0.01	344,250
18.  *General Meetings on 14 clear days' notice	306,373,697	99.3	2,166,413	0.7	50

* Special Resolution

We have engaged with a large number of our major shareholders over the course of the year and in recent weeks and would like to thank them for giving us the opportunity to speak to them ahead of our AGM. We are disappointed that a number of shareholders who voted in favour of our remuneration policy in 2017 have not supported the advisory vote on the Remuneration Report at this year's AGM.

The Board believed that it was necessary to increase the CEO's base salary to ensure that remuneration remains competitive relative to the market, especially in the current uncertain economic environment. Notwithstanding this, the Remuneration Committee notes the concerns raised by shareholders, and will reflect on the feedback when its puts a new policy to shareholders at the 2020 AGM.

Notes:

i.      Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolution and their shares have been included within the votes 'FOR' column.

ii.     A vote 'WITHHELD' is not a vote in law and is not counted in the calculation of percentages of the votes cast against a resolution.

iii.    Prior to the meeting there were 389,077,822 ordinary shares of 5 pence each in issue.

In accordance with the Company's obligations under Listing Rule 9.6.2, full details of the resolutions passed as special business will be submitted to the National Storage Mechanism and will shortly be available for viewing at www.morningstar.co.uk/uk/nsm.

For further information, please contact

Lookers	Tel: 0161 291 0043
Andy Bruce, Chief Executive Officer
Robin Gregson, Chief Financial Officer
Glenda MacGeekie, Company Secretary

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