REG - B&M European - Board Appointment

B&M European Value Retail SAAnnouncement

22/03/2024 09:00

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RNS Number : 8675H  B&M European Value Retail S.A.  22 March 2024

22 March 2024

B&M European Value Retail S.A.

Board Appointment

 

B&M European Value Retail S.A. (the "Company") announces the following
Board change.

 

Nadia Shouraboura is to be appointed, subject to shareholder approval, as a
Non-Executive Director of the Company with effect from 29 May 2024 when she
will also join the Audit and Risk and Nomination Committees.

 

Nadia has a very broad range of experience which includes public company roles
and leading entrepreneurial ventures in retail and other sectors. She is
currently serving as non-executive director at Ferguson plc, Formlabs Inc.,
MTS Group / Mobile Telesystems PJSC, Tosca Limited and Ocado Group plc.

 

Peter Bamford, Chairman, said

"I am delighted that Nadia has agreed to join the Board of B&M. She brings
exceptional international and strategic experience to the Board. Nadia will
enhance the diversity of experience and skills on our Board considerably."

 

Nadia Shouraboura said

 

"I'm thrilled to be joining B&M! My experience in retail taught me that
customers value three things: selection, convenience, and competitive pricing.
During my recent visit to the UK, I had the opportunity to visit a number of
B&M stores and was impressed by the product quality, range and low
prices."

 

As there is currently no vacancy in the office of a Director of the Company,
in accordance with Luxembourg law, Nadia's appointment to the Board must be
approved by a resolution of the shareholders of the company. Accordingly, an
Ordinary General Meeting of shareholders is to be convened on or around 29 May
2024 (the "Meeting") for that purpose. Subject to her appointment being
approved at the Meeting, it will take effect immediately. Further
announcements will be made to confirm when the notice of the Meeting has been
despatched to shareholders and also following the Meeting to confirm the
outcome of the resolution to approve the proposed appointment.

 

The Company makes this announcement in accordance with LR 9.6.11R of the
Listing Rules. There are no other matters to be disclosed under LR9.6.13R in
relation to the appointment of Nadia.

 

Enquiries

B&M European Value Retail S.A.

For further information please contact +44 (0) 151 728 5400

Alex Russo, Chief Executive Officer


Mike Schmidt, Chief Financial Officer

Investor.relations@bandmretail.com

 

Media

For media please contact +44 (0) 207 379 5151

Maitland

Sam Cartwright

bmstores-maitland@maitland.co.uk (mailto:bmstores-maitland@maitland.co.uk)

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