REG - B&M European - AGM Voting Results

B&M European Value Retail SAAnnouncement

29/07/2022 10:30

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RNS Number : 2590U  B&M European Value Retail S.A.  29 July 2022

 

 

29 July 2022

B&M European Value Retail S.A.

 

 

AGM Voting Results

 

 

All resolutions proposed at the Annual General Meeting of the Company held on
28 July 2022 were passed on a poll by shareholders. The results of the poll
were as follows.

 

                                                                                       VOTES        %      VOTES       %     VOTES        % of ISC  VOTES WITHHELD

                                                                                       FOR                 AGAINST           TOTAL        VOTED
 1    To receive the Directors Report on the Annual Accounts of the Company for the    690,135,303  99.8   1,613,795   0.2   691,749,098  69.09     1,769,229
      year ended March 2022

 2    To receive the consolidated and unconsolidated Financial Statements and Annual   690,135,303  99.8   1,613,795   0.2   691,749,098  69.09     1,769,229
      Accounts for the financial year ended March 2022 and the Auditor's Reports
      thereon

 3    To approve the consolidated Financial Statements and Annual Accounts of the      690,135,303  99.8   1,613,795   0.2   691,749,098  69.09     1,769,229
      Company for the year ended 26 March 2022
 4    To approve the unconsolidated Financial Statements and Annual Accounts of the    690,134,972  99.8   1,614,126   0.2   691,749,098  69.09     1,769,229
      Company for the year ended 31 March 2022

 5    To approve the result of the Company for the year ended 31 March 2022 and        692,447,944  100    0           0.0   692,447,944  69.16     1,070,383
      allocation

 6    To approve the total dividend of the Company for the year ended 31 March 2022    692,448,944  100    0           0.0   692,448,944  69.16     1,069,383

 7    To receive and approve the annual report on the Directors' Remuneration          637,198,382  94.3   38,312,060  5.7   675,510,442  67.47     18,007,885

 8    To discharge each of the Directors for the financial year ended 31 March 2022    687,806,873  99.5   3,355,234   0.5   691,062,107  69.03     2,356,220

 9    To re-elect Peter Bamford as a Director                                          660,170,568  95.3   32,277,376  4.7   692,447,944  69.16     1,070,383

 10   To re-elect Simon Arora as a Director                                            671,929,416  97.0   20,518,528  3.0   692,447,944  69.16     1,070,383

 11   To re-elect Alejandro Russo as a Director                                        689,686,373  99.6   2,760,947   0.4   692,447,320  69.16     1,071,007

 12   To re-elect Ron McMillan as a Director                                           584,930,361  86.5   91,350,493  13.5  676,280,854  67.55     17,237,473

 13   To re-elect Tiffany Hall as a Director                                           638,580,013  92.2   53,867,207  7.8   692,447,220  69.16     1,071,107

 14   To re-elect Carolyn Bradley as a Director                                        667,183,563  96.4   25,263,757  3.6   692,447,320  69.16     1,071,007
 15   To re-elect Paula MacKenzie as a Director                                        692,096,400  99.9   351,544     0.1   692,447,944  69.16     1,070,383
 16   To discharge the Independent Auditor for the year ended 31 March 2022            688,545,309  99.6   2,617,422   0.4   691,162,731  69.03     2,355,596

 17   To re-appoint KPMG Luxembourg Société  Coopérative as Independent Auditor        677,254,487  98.0   13,579,622  2.0   690,834,149  68.99     2,684,178
      of the Company

 18   To authorise the Directors to determine the Independent Auditor's remuneration   678,868,282  98.0   13,579,622  2.0   692,447,944  69.16     1,070,383

 19   To authorise the Company to make market purchases of its ordinary shares of up   688,778,366  99.5   3,338,993   0.5   692,117,359  69.13     1,400,968
      to 10% of its ordinary issued shares *

 20   To confirm the Board of Directors have full power to issue ordinary shares on    692,296,618  99.98  152,326     0.02  692,448,944  69.16     1,069,383
      a non-pre-emptive basis for cash representing 5% of the issued share capital
      of the Company generally, as provided by the Articles of Association and to
      acknowledge the Directors' intention to comply with the  Statement of
      Principles on Dis-applying Pre-Emption Rights to the extent practical for a
      Luxembourg company

 21   To confirm the Board of Directors have full power, in addition to any            690,606,503  99.7   1,781,172   0.3   692,387,675  69.15     1,130,652
      authority granted under resolution 20, to issue ordinary shares on a
      non-pre-emptive basis, for cash representing a further 5% of the issued share
      capital of the Company for the purposes of financing an acquisition or a
      capital investment (or refinancing such a transaction) as defined in the
      Statement of Principles on Dis-Applying Pre-Emption Rights, as provided by the
      Articles of Association

 

* 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 in Luxembourg such
as B&M. 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 poll will also be posted on the Company's website at
www.bandmretail.com (http://www.bandmretail.com)

 

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.

 

The total number of shares of the Company in issue on the record date on 14
July 2022 (for being eligible to vote at the AGM) was 1,001,226,836
 ordinary shares.

 

 

Enquiries

 

B&M European Value Retail S.A.

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

Simon Arora, Chief Executive Officer

Alejandro Russo, Chief Financial Officer

Investor.relations@bandmretail.com

 

 

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