Company Announcements

Result of AGM

Source: RNS
RNS Number : 9953M
Auto Trader Group plc
19 September 2019
 

Auto Trader Group plc Result of Annual General Meeting

Auto Trader Group plc (LSE: AUTO, "Auto Trader" or the "Company"), the UK's largest digital automotive marketplace, announces the results of the Company's Annual General Meeting ("AGM") held on 19 September 2019. 

Each of the resolutions was voted on by way of a poll and the result of each resolution is shown below. All resolutions were passed.

The total number of shares on the register at 6pm on 17 September 2019, being those eligible to be voted on at the AGM, was 925,939,092 (excluding treasury shares).


For*

Against

Total votes cast

% of shares on register at 6pm 17 September 2019

Votes withheld***

 

Resolution

No. of votes

%**

No. of votes

%**

No. of votes

%

No. of votes

 

1.   To receive the Annual Report and Accounts of the Company for the financial year ended 31 March 2019

789,163,748

99.99

96,444

0.01

789,260,192

85.24%

844,462

 

2.   To approve the Directors' Remuneration Report

754,803,958

95.56

35,075,821

4.44

789,879,779

85.31%

224,875

 

3.   To declare a final dividend of 4.6 pence per ordinary share for the year ended 31 March 2019

789,881,728

100.00

1,379

0.00

789,883,107

85.31%

221,548

 

4.   To re-elect Ed Williams as a Director

765,219,916

96.88

24,658,111

3.12

789,878,027

85.31%

226,627

 

5.   To re-elect Trevor Mather as a Director

772,754,316

97.83

17,122,338

2.17

789,876,654

85.31%

228,001

 

6.   To re-elect Nathan Coe as a Director

771,437,506

97.67

18,441,896

2.33

789,879,402

85.31%

225,253

7.   To re-elect David Keens as a Director

783,509,103

99.19

6,366,177

0.81

789,875,280

85.31%

229,375

 

8.   To re-elect Jill Easterbrook as a Director

756,862,205

95.82

33,013,074

4.18

789,875,279

85.31%

229,375

 

9.   To re-elect Jeni Mundy as a Director

782,386,210

99.05

7,489,070

0.95

789,875,280

85.31%

229,375

 

10.  To elect Catherine Faiers as a Director

772,220,709

97.76

17,655,945

2.24

789,876,654

85.31%

228,001

 

11.  To re-appoint KPMG LLP as auditors of the Company

789,741,522

100.00

1,452

0.00

789,742,974

85.29%

361,681

 

12.  To authorise the Board to determine the auditors' remuneration.

789,880,230

100.00

2,877

0.00

789,883,107

85.31%

221,548

 

13.  To authorise the Directors to allot shares.

712,893,031

90.25

76,987,328

9.75

789,880,359

85.31%

224,296

 

14.  To authorise the partial disapplication of pre-emption rights****

789,637,889

99.97

239,595

0.03

789,877,484

85.31%

227,170

 

15.  To authorise the partial disapplication of pre-emption rights in connection with an acquisition or investment****

726,040,340

91.92

63,837,144

8.08

789,877,484

85.31%

227,170

 

16.  To authorise the Company to purchase its own shares****

780,951,224

98.88

8,879,211

1.12

789,830,435

85.30%

274,219

 

17.  To authorise the Company to call general meetings on not less than 14 clear days' notice****

733,038,965

93.28

52,784,248

6.72

785,823,213

84.87%

4,281,442

 

NOTES:

* The "For" votes include those giving the Chairman discretion.

** Votes "For" and "Against" are expressed as a percentage of votes received.

***A vote "withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" the resolution.   

****Denotes Special Resolutions

As previously announced, the Company commenced a rolling programme of share buy-backs on 15 June 2016 and, in reliance on the approval of Resolution 16 at today's AGM, the Company announces that it intends to continue with the share buy-back programme, the purpose of which is to reduce its share capital. The Company's shareholders have generally authorised the Company to make market purchases of up to 92,936,538 of its ordinary shares, representing 10% of its ordinary shares (excluding treasury shares), subject to minimum and maximum price restrictions.  The share buy-back programme will continue under the authority granted by the Company's shareholders at today's AGM on an ongoing basis until the expiry of the authority at the conclusion of the Company's 2020 AGM. The share buy-back programme will be conducted in accordance with the Company's general authority to repurchase shares, Chapter 12 of the UKLA Listing Rules and relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions.

The full text of the resolutions can be found in the Notice of Annual of General Meeting, which is available for inspection at the National Storage Mechanism http://www.hemscott.com/nsm.do and also on the Company's website at https://plc.autotrader.co.uk

A copy of the resolutions passed under special business (as defined by the listing rules of the UK Listing Authority) will shortly be submitted to the National Storage Mechanism for inspection at http://www.hemscott.com/nsm.do 

Claire Baty

Company Secretary

 

About Auto Trader

Auto Trader Group plc is the UK and Ireland's largest digital automotive marketplace. Auto Trader sits at the heart of the UK's vehicle buying process and its primary activity is to help vehicle retailers compete effectively on the marketplace in order to sell more vehicles, faster. Auto Trader listed on the London Stock Exchange in March 2015 and is now a member of the FTSE 100 Index.

The marketplace brings together the largest and most engaged consumer audience. Auto Trader has over 90% prompted brand awareness and attracts circa 50 million monthly cross platform visits each month, with over 70% of visits coming through mobile devices.

The marketplace also has the largest pool of vehicle sellers (listing around 450,000 cars each day). Around 80% of UK automotive retailers advertise on autotrader.co.uk.

 For more information, please visit https://plc.autotrader.co.uk

 

 

 

 

 


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