MOTORPOINT GROUP PLC — AGM Information 2018

Jul 24, 2018

Motorpoint Group Plc

("Motorpoint" or "the Company")

Result of AGM

Motorpoint, the UK's largest independent vehicle retailer announces that, at its Annual General Meeting held on 24 July 2018, all of the Resolutions as set out in the AGM Notice were approved by way of a poll vote by shareholders.

As at the date of the AGM, the number of issued ordinary £0.01 shares of the Company was 98,124,023.

85 proxy votes (either voting or granting the Chairman discretion to vote on their behalf) were received in relation to 76,968,541 shares representing 78.44% of the issued share capital of Motorpoint.

Details of the proxy votes received on each resolution by Motorpoint's Registrar are set out below.

		Total Votes
	Resolutions	For/Discretion( %)1	Against (%)	Vote Withheld
1.	Ordinary resolution to adopt the Company's audited financial statements for the financial year ended 31 March 2018, together with the Directors' Report and the Auditors' Report on those accounts.	76,593,452 (99.99)	1,024 (0.01)	0
2.	Ordinary resolution to approve the Directors' Remuneration Report (other than the part containing the Directors' Remuneration Policy).	74,860,719 (97.74)	1,733,756 (2.25)	0
3.	Ordinary resolution to declare a final dividend of 4.6 pence per ordinary share in respect of the financial year ended 31 March 2018.	76,594,476 (99.99)	0 (0.00)	0
4.	Ordinary resolution to re-elect Mark Carpenter as an executive director of the Company.	76,593,964 (99.99)	512 (0.01)	0
5.	Ordinary resolution to re-elect James Gilmour as an executive director of the Company.	76,578,064 (99.97)	16,412 (0.02)	0
6.	Ordinary resolution to re-elect David Shelton as a non executive director of the Company.	76,562,207 (99.95)	32,268 (0.04)	0
7.	Ordinary resolution to re-elect Mark Morris as a non executive director of the Company.	76,562,207 (99.95)	32,268 (0.04)	0
8.	Ordinary resolution to re-elect Mary McNamara as a non executive director of the Company	76,578,107 (99.97)	16,368 (0.02)	0
9.	Ordinary resolution to re-elect Gordon Hurst as a non executive director of the Company.	76,593,964 (99.99)	512 (0.01)	0
10.	Ordinary resolution to re-elect Steve Weller as a non executive director of the Company.	76,593,964 (99.99)	512 (0.01)	0
11.	Ordinary resolution to re-appoint PricewaterhouseCoopers LLP as auditors of the Company.	76,584,318 (99.99)	9,645 (0.01)	512
12.	Ordinary resolution to authorise the Board to determine the auditors' remuneration.	76,593,964 (99.99)	512 (0.01)	0

13.	Ordinary Resolution to authorise the directors to allot securities up to an aggregate nominal value of £665,360.	76,593,964	512	496
14.	Special resolution to give the directors power to allot securities for cash without making an offer to shareholders, generally, up to an aggregate nominal	(99.99) 76,593,964 (99.99)	(0.01) 512 (0.01)	0
15.	value of £ 49,902. Special resolution to give the directors power to allot securities for cash without making an offer to shareholders, in order to finance acquisitions, up to an aggregate nominal value of £ 49,902.	76,145,857 (99.41)	448,618 (0.58)	0
16.	Special resolution to give the Company limited authority to purchase up to 9,980,402 of its own shares.	76,578,107 (99.97)	16,368 (0.02	0
17.	Special resolution to authorise general meetings (other than annual general meetings) to be held on not less than 14 clear days' notice.	76,531,537 (99.91)	62,427 (0.08)	512

¹Votes received supporting the resolution or granting the Chairman discretion to vote on their behalf in respect of the resolution

In accordance with Listing Rule 9.6.2, the full text of the special resolutions passed at the AGM has been submitted to the National Storage Mechanism and will be available at http://www.morningstar.co.uk/uk/NSM.

Contact Information:

Motorpoint Group Plc (www.motorpointplc.com) Manjit K. Virk, Company Secretary Via FTI Consulting

FTI Consulting (Financial PR)

020 3727 1000

Alex Beagley James Styles Fern Duncan

Notes to editors

Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Company's principal business is the sale of nearly-new vehicles, the majority of which are up to two years old and which have covered less than 15,000 miles. Motorpoint sells vehicles from brands representing over 95 per cent. of new vehicle sales in the United Kingdom, with models from Ford, Vauxhall, Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top sellers. The Group operates from 12 retail sites across the United Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of which four have opened in the last three years; together with a national contact-centre dealing with online enquiries.

More information is available at www.motorpointplc.com and www.motorpoint.co.uk.