MOTORPOINT GROUP PLC — AGM Information 2019

Jul 23, 2019

National Storage Mechanism | Additional information

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RNS Number : 4842G

Motorpoint Group plc

23 July 2019

23 July 2019

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 23 July 2019, 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 94,075,885.

73,795,818 proxy votes were received representing 78.4% of the issued share capital of Motorpoint.

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

	Resolutions	Total Votes
For (%)	Against (%)	Vote Withheld
1.	Ordinary resolution to adopt the Company's audited financial statements for the financial year ended 31 March 2019, together with the Directors' Report and the Auditors' Report on those accounts.	73,782,664 (99.99)	10,292 (0.01)	2,861
2.	Ordinary resolution to approve the Directors' Remuneration Report (other than the part containing the Directors' Remuneration Policy).	73,243,940 (99.26)	549,586 (0.74)	2,290
3.	Ordinary resolution to declare a final dividend of 5 pence per ordinary share in respect of the financial year ended 31 March 2019.	73,795,290 (100.00)	528 (0.00)	0
4.	Ordinary resolution to re-elect Mark Carpenter as an executive director of the Company.	73,795,290 (100.00)	528 (0.00)	0
5.	Ordinary resolution to re-elect James Gilmour as an executive director of the Company.	73,784,262 (99.99)	11,028 (0.01)	528
6.	Ordinary resolution to re-elect David Shelton as a non-executive director of the Company.	60,379,604 (99.97)	19,487 (0.03)	13,396
7.	Ordinary resolution to re-elect Mark Morris as a non-executive director of the Company.	73,682,138 (99.85)	113,151 (0.15)	528
8.	Ordinary resolution to re-elect Mary McNamara as a non-executive director of the Company	73,785,336 (99.99)	9,954 (0.01)	528
9.	Ordinary resolution to re-elect Gordon Hurst as a non-executive director of the Company.	73,720,336 (99.99)	9,954 (0.01)	65,528
10.	Ordinary resolution to re-elect Steve Weller as a non-executive director of the Company.	73,785,336 (99.99)	9,954 (0.01)	528
11.	Ordinary resolution to re-appoint PricewaterhouseCoopers LLP as auditors of the Company.	73,794,055 (100.00)	0 (0.00)	1,762
12.	Ordinary resolution to authorise the Board to determine the auditors' remuneration.	73,794,762 (100.00)	528 (0.00)	528
13.	Ordinary Resolution to authorise the directors to allot securities up to an aggregate nominal value of £634,133.	73,794,762 (100.00)	528 (0.00)	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 value of £ 47,560.	73,793,706 (100.00)	1,056 (0.00)	1,056
15.	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 £ 47,560.	73,273,524 (99.29)	521,765 (0.71)	528
16.	Special resolution to give the Company limited authority to purchase up to 9,511,989 of its own shares.	73,786,302 (99.99)	8,987 (0.01)	528
17.	Special resolution to authorise general meetings (other than annual general meetings) to be held on not less than 14 clear days' notice.	73,775,496 (99.97)	20,322 (0.03)	0

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) Alex Beagley James Styles Sam Macpherson	020 3727 1000

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 five have opened in the last five years; together with a national contact-centre dealing with online enquiries.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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