Result of AGM 2010
13 May 2010
The Company announces that all resolutions proposed at the annual general meeting of the Company held earlier today were passed.
Among the resolutions passed were resolutions (i) to consolidate the existing ordinary shares of one penny each in the capital of the Company (the “Existing Ordinary Shares”) in issue or held in Treasury into new ordinary shares of 10 pence each in the capital of the Company (the “New Ordinary Shares”) on the basis of one New Ordinary Share for 10 Existing Ordinary Shares; and (ii) to adopt new articles of association.
The record time for the share consolidation is close of business on 14 May 2010 and application has been made for the Company’s listing to be amended so that the New Ordinary Shares are admitted to the Official List and to trading on the main market of the London Stock Exchange with effect from 8.00 a.m. Monday, 17 May 2010. We will release a further announcement to confirm when this has taken place.
With the exception of the resolutions referred to in the above paragraph, all of the resolutions put to the meeting related to ordinary AGM business. Copies of the resolutions referred to in the above paragraph have been forwarded to the FSA for publication through the document viewing facility, in accordance with LR 9.6.2.
Details of the votes cast on all resolutions are set out in the download below:
Ends
Group Communications, Inchcape plc
+44 (0) 20 7546 0022
Investor Relations, Inchcape plc
+44 (0) 20 7546 8209
Financial Dynamics (Jonathon Brill/Billy Clegg)
+44 (0) 20 7831 3113
www.inchcape.com
Notes to editors
About Inchcape:
Inchcape is a leading, independent international automotive distributor and retailer operating in 26 markets and has diversified multi-channel revenue streams including sale of new and used vehicles, parts, service, and finance and insurance.
Inchcape’s vision is to be the world’s most customer-centric retailer and represents some of the world’s leading automotive brands, including Toyota, Lexus, Subaru, BMW, Mazda, Mercedes-Benz, Volkswagen, Audi, Honda, Land Rover and Jaguar.
Inchcape, which has been listed on the London Stock Exchange since 1958, is headquartered in London, employs around 15,000 people and has scale operations in the UK, Singapore, Australia, Hong Kong, Greece, Belgium and Russia.
