Motorpoint Group PLC, the UK's leading independent omnichannel used vehicle retailer, held its Annual General Meeting (AGM) on July 24, 2024. All resolutions as set out in the AGM Notice were approved by shareholders through a poll vote. The total number of issued ordinary £0.01 shares of the Company was 87,756,356, with 57,114,132 proxy votes received, representing 65.08% of the issued share capital of Motorpoint.
The AGM saw the approval of various resolutions, including the adoption of the Company's audited financial statements for the financial year ended 31 March 2024, the approval of the Directors' Remuneration Report, and the re-election of executive and non-executive directors. PricewaterhouseCoopers LLP was also re-appointed as auditors of the Company.
The AGM also passed special business resolutions, including authorizing the directors to allot securities for cash without making an offer to shareholders, giving the Company limited authority to purchase its own shares, and authorizing general meetings (other than annual general meetings) to be held on not less than 14 clear days' notice.
The full text of the special business resolutions passed at the AGM will be available to view via the National Storage Mechanism. For further information, shareholders and interested parties can contact Motorpoint Group PLC or FTI Consulting.
This AGM's results demonstrate the shareholders' support for the Company's financial statements, governance, and strategic decisions, reflecting a positive outlook for Motorpoint Group PLC's future endeavors.