TIDMAUTO
RNS Number : 5874K
Auto Trader Group plc
22 September 2016
Auto Trader Group plc ("Auto Trader", the "Company")
Result of Annual General Meeting (AGM)
Auto Trader Group plc announces that all resolutions were
approved at the Company's AGM on 22 September 2016.
Each of the resolutions was voted on by way of a poll and the
result of each resolution is shown below.
The total number of shares on the register at 6pm on 20
September 2016, being those eligible to be voted on at the AGM, was
988,805,914 (excluding treasury shares).
% of shares
on register
Total at 6pm
votes 20 September Votes
For* Against cast 2016 withheld***
-------------------------- ---------------------- --------------------- ------------ -------------- -------------
No. of %** No. of votes %** No. of % No. of
Resolution votes votes votes
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
1. To receive the Annual
Report and Accounts
of the Company for the
financial year ended
27 March 2016 786,089,425 99.51% 3,876,537 0.49% 789,965,962 79.89% 48,423
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
2. To approve the
Directors'
Remuneration Report 779,343,590 98.66% 10,617,266 1.34% 789,960,856 79.89% 53,529
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
3. To re-elect Ed
Williams
as a Director 787,552,019 99.69% 2,455,797 0.31% 790,007,816 79.90% 6,569
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
4. To re-elect Trevor
Mather as a Director 787,748,852 99.71% 2,260,290 0.29% 790,009,142 79.90% 5,243
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
5. To re-elect Sean
Glithero as a Director 760,514,704 99.01% 7,630,979 0.99% 768,145,683 77.68% 21,868,702
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
6. To re-elect David
Keens as a Director 788,288,086 99.78% 1,718,404 0.22% 790,006,490 79.90% 7,895
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
7. To re-elect Jill
Easterbrook as a
Director 787,603,882 99.70% 2,402,608 0.30% 790,006,490 79.90% 7,895
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
8. To elect Jeni Mundy
as a Director 789,993,905 100.00% 13,285 0.00% 790,007,190 79.90% 6,569
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
9. To appoint KPMG LLP
as auditors of the
Company 789,653,843 99.97% 237,766 0.03% 789,891,609 79.88% 122,776
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
10. To authorise the
Board to determine the
auditors' remuneration 789,925,065 100.00% 37,117 0.00% 789,962,182 79.89% 52,203
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
11. To authorise the
Directors to allot
shares 735,244,187 93.24% 53,314,879 6.76% 788,559,066 79.75% 1,455,319
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
12. To authorise the
partial disapplication
of pre-emption
rights**** 787,211,364 99.66% 2,678,919 0.34% 789,890,283 79.88% 124,102
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
13. To authorise the
partial disapplication
of pre-emption rights
in connection with an
acquisition or
investment**** 723,274,139 91.88% 63,952,971 8.12% 787,227,110 79.61% 2,787,275
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
14. To authorise the
Company to purchase
its own shares**** 776,440,594 98.29% 13,532,757 1.71% 789,973,351 79.89% 41,034
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
15. To authorise the
Company to call general
meetings on not less
than 14 clear days'
notice**** 750,776,045 95.03% 39,233,095 4.97% 790,009,140 79.90% 5,243
-------------------------- ------------ -------- ------------- ------ ------------ -------------- -------------
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 14 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 99,905,974 of its ordinary shares, which
represents 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 2017
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
http://about-us.autotrader.co.uk/investors
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
Sean Glithero
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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