REG - B&M European - AGM 2024 Voting results announcement

B&M European Value Retail SAAnnouncement

23/07/2024 14:15

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RNS Number : 5122X  B&M European Value Retail S.A.  23 July 2024

 

 

23 July 2024

B&M European Value Retail S.A

3, rue Gabriel Lippmann, L-5365 Munsbach

 

(the "Company")

 

Results of the votes at the Annual General Meeting of 23 July 2024

 

The Company is pleased to announce that all resolutions proposed at the Annual
General Meeting of the Company held on 23 July 2024 were passed and the
results of the votes were as follows.

 

                                                                                      VOTES        %      VOTES       %       VOTES                              VOTES

                                                                                      FOR                 AGAINST             TOTAL        % of TVR   % of ISC   WITHHELD

 1    To receive the Directors Report on the Annual Accounts of the Company for the   846,039,173  99.95  381,597     0.05    846,420,770  84.41      84.41      1,084,417
      year ended March 2024.
 2    To receive the annual accounts and Financial Statements of the Company and of   844,529,516  99.96  348,314     0.04    844,877,830  84.25      84.25      2,627,357
      the Group for the financial year ended March 2024 and the Auditor's Reports
      thereon.
 3    To approve the Annual Accounts and Financial Statements of the Company for the  844,843,903  99.99  34,927      0.004   844,878,830  84.25      84.25      2,626,357
      year ended 31 March 2024.
 4    To approve the consolidated Annual Accounts and Financial Statements of the     844,877,186  99.99  1,644       0.0002  844,878,830  84.25                 2,626,357
      Company for the year ended 30 March 2024.

                                                                                                                                                      84.25

 5    To approve the result of the Company for the year ended 31 March 2024 its       847,425,638  99.99  1,721       0.0002  847,427,359  84.51      84.51      77,828
      proposed and allocation.
 6    To approve the total dividend of the Company for the year ended 31 March 2024.  847,499,880  99.99  820         0.0001  847,500,700  84.52      84.51      4,487
 7    To approve the annual report on the Directors' Remuneration.                    812,346,487  96.60  28,632,958  3.40    840,979,445  83.86      83.86      6,525,742

 8    To approve the Directors' Remuneration Policy.                                  806,554,352  96.33  30,744,822  3.67    837,299,174  83.50      83.50      10,206,013
 9    To approve the terms of the new LTIP:                                           837,656,359  98.85  9,769,775   1.15    847,426,134  84.51      84.51      79,053
 10   To discharge each of the Directors for the financial year ended 31 March 2024.  840,684,002  99.46  4,532,232   0.54    845,216,134  84.29      84.29      2,288,953
 11   To re-elect Alejandro Russo as a Director.                                      845,808,011  99.98  134,024     0.02    845,942,035  84.36      84.36      1,563,152
 12   To re-elect Michael Schmidt as a Director.                                      845,276,672  99.74  2,209,023   0.26    847,485,695  84.51      84.51      19,492
 13   To re-elect Tiffany Hall as a Director.                                         837,946,875  98.87  9,538,913   1.13    847,485,788  84.51      84.51      19,399
 14   To re-elect Paula MacKenzie as a Director.                                      837,811,567  98.86  9,674,221   1.14    847,485,788  84.51      84.51      19,399
 15   To re-elect as Oliver Tant as a Director.                                       824,765,283  97.49  21,229,198  2.51    845,994,481  84.36                 1,510,706

                                                                                                                                                      84.36

 16   To re-elect Hounaïda Lasry as a Director.                                       843,610,454  99.54  3,876,466   0.46    847,486,920  84.51      84.51      18,267
 17.  To re-elect Nadia Shouraboura as a Director.                                    843,573,100  99.54  3,913,820   0.46    847,486,920  84.51      84.51      18,267
 18.  To discharge the Independent Auditor for the year ended 31 March 2024.          840,125,139  99.33  5,692,112   0.67    845,817,251  84.35      84.35      1,687,936
 19   To re-appoint KPMG Audit S.à r.l. as Independent Auditor of the Company.        845,820,486  99.80  1,679,214   0.20    847,499,700  84.52      84.51      5,487
 20   To authorise the Directors to set the Independent Auditor's remuneration.       847,423,661  99.99  2,473       0.0003  847,426,134  84.51      84.51      79,053

 21   To authorise the Company to make market purchases of its ordinary shares up to  845,788,023  99.80  1,618,289   0.20    847,406,312  84.51      84.50      98,875
      10% of its ordinary issued shares. ((1))

 

 

((1)) Whilst the Company seeks authority on an annual basis to perform share
buybacks (as is customary for UK PLCs), the Board notes that it has no current
intention of utilising this authority, reflecting the complexities of
executing an on-market buyback for a company incorporated under Luxembourg law
such as B&M European Value Retail S.A.. The Board continuously reviews the
Group's capital structure and has regularly returned funds to all its
shareholders by way of both ordinary and special dividends.

 

 

The results of the votes will also be posted on the Company's website at
https://www.bandmretail.com/investors/company-meetings/agm
(https://www.bandmretail.com/investors/company-meetings/agm) .

 

Please note that a vote withheld is not a vote in law and is not counted in
the calculation of votes for and against a resolution.

On the record date on 9 July 2024, the total number of voting rights (TVR) was
1,002,779,437 and the total number of shares in issue was 1,002,790,896
(ISC).

 

Enquiries

B&M European Value Retail S.A.

For further information please contact +44 (0) 151 728 5400 or
investor.relations@bandmretail.com (mailto:investor.relations@bandmretail.com)

Alejandro Russo, Chief Executive Officer

Michael Schmidt, Chief Financial Officer

 

About B&M European Value Retail S.A.

B&M European Value Retail S.A. is a variety retailer with 741 stores in
the UK operating under the "B&M" brand, 335 stores under the "Heron
Foods" and "B&M Express" brands, and 124 stores in France also operating
under the "B&M" brand as at 30 March 2024. It was admitted to the FTSE 100
index on 21 September 2020.

 

The B&M Group was founded in 1978 and listed on the London Stock Exchange
in June 2014. For more information, please visit www.bandmretail.com
(http://www.bandmretail.com/) .

 

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