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 2024.
Each of the resolutions were 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 2024, therefore those being eligible to be voted on at the AGM, was 894,856,400 (excluding treasury shares).
| | For* | Against | Total votes cast | 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 2024 | 709,478,894 | 99.80% | 1,422,310 | 0.20% | 710,901,204 | 9,150,743 |
| 2. To approve the Directors' Remuneration Policy | 690,020,617 | 95.88% | 29,676,477 | 4.12% | 719,697,094 | 354,853 |
| 3. To approve the Directors' Remuneration Report | 689,383,393 | 95.75% | 30,611,669 | 4.25% | 719,995,062 | 56,885 |
| 4. To declare a final dividend of 6.4 pence per ordinary share for the year ended 31 March 2024 | 719,950,376 | 100.00% | 541 | 0.00% | 719,950,917 | 101,030 |
| 5. To re-elect Matt Davies as a Director | 695,751,268 | 96.63% | 24,251,610 | 3.37% | 720,002,878 | 49,069 |
| 6. To re-elect Nathan Coe as a Director | 719,577,296 | 99.94% | 425,582 | 0.06% | 720,002,878 | 49,069 |
| 7. To re-elect Jeni Mundy as a Director | 709,379,466 | 99.67% | 2,378,612 | 0.33% | 711,758,078 | 8,293,869 |
| 8. To re-elect Catherine Faiers as a Director | 719,577,895 | 99.94% | 425,233 | 0.06% | 720,003,128 | 48,819 |
| 9. To re-elect Jamie Warner as a Director | 719,312,864 | 99.90% | 690,014 | 0.10% | 720,002,878 | 49,069 |
| 10. To re-elect Sigga Sigurdardottir as a Director | 709,887,938 | 99.74% | 1,869,890 | 0.26% | 711,757,828 | 8,294,119 |
| 11. To re-elect Jasvinder Gakhal as a Director | 709,890,930 | 99.74% | 1,867,148 | 0.26% | 711,758,078 | 8,293,869 |
| 12. To elect Geeta Gopalan as a Director | 708,406,530 | 98.39% | 11,596,598 | 1.61% | 720,003,128 | 48,819 |
| 13. To elect Amanda James as a Director | 703,140,452 | 97.66% | 16,862,676 | 2.34% | 720,003,128 | 48,819 |
| 14. To re-appoint KPMG LLP as auditors of the Company | 710,520,713 | 98.68% | 9,482,415 | 1.32% | 720,003,128 | 48,819 |
| 15. To authorise the Board to determine the auditors' remuneration | 719,925,776 | 99.99% | 78,485 | 0.01% | 720,004,261 | 47,686 |
| 16. To authorise the Directors to allot shares | 687,717,700 | 95.52% | 32,287,480 | 4.48% | 720,005,180 | 46,767 |
| 17. Adoption of the Auto Trader 2024 Long Term Incentive Plan | 705,493,892 | 97.98% | 14,510,928 | 2.02% | 720,004,820 | 47,127 |
| 18. Adoption of the Auto Trader 2024 Deferred Bonus Plan | 708,920,859 | 98.46% | 11,079,851 | 1.54% | 720,000,710 | 51,237 |
| 19. Approval of amendments to the Auto Trader Group plc Savings Related Share Option Plan | 713,771,980 | 99.34% | 4,759,579 | 0.66% | 718,531,559 | 1,520,388 |
| 20. Approval of amendments to the Auto Trader Group plc Share Incentive Plan | 718,130,272 | 99.94% | 399,902 | 0.06% | 718,530,174 | 1,521,773 |
| 21. To authorise the partial disapplication of pre-emption rights**** | 716,795,476 | 99.55% | 3,209,704 | 0.45% | 720,005,180 | 46,767 |
| 22. To authorise the partial disapplication of pre-emption rights in connection with an acquisition or investment**** | 707,431,874 | 98.25% | 12,573,306 | 1.75% | 720,005,180 | 46,767 |
| 23. To authorise the Company to purchase its own shares**** | 710,181,601 | 98.66% | 9,636,554 | 1.34% | 719,818,155 | 233,792 |
| 24. To authorise the Company to call general meetings on not less than 14 clear days' notice**** | 675,903,098 | 93.88% | 44,100,030 | 6.12% | 720,003,128 | 48,819 |
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
Percentage of shares voted: 80.47%. The number of shares in issue at close of business on 17 September 2024 was 894,856,400 (excluding treasury shares).
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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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism 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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism
| Auto Trader Group plc | 0345 111 0006 |
| Powerscourt autotrader@powerscourt-group.com
| +44 (0)20 7250 1446 |
About Auto Trader
Auto Trader Group plc is the UK's largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader's purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader's marketplace sits at the heart of the UK car buying process. That marketplace is built on an industry-leading technology and data platform, which is increasingly used across the automotive industry. Auto Trader is continuing to bring more of the car buying journey online, creating an improved buying experience, whilst enabling all its retailer partners to sell vehicles online.
Auto Trader publishes a monthly used car Retail Price Index which is based on pricing analysis of circa 800,000 unique vehicles. The same data that powers the Index is used by the Office for National Statistics to make the UK's official measures of inflation more robust, as well as the Bank of England to feed the broader UK economic indicators.
For more information, please visit: https://plc.autotrader.co.uk/
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