REG - B&M European - Notice of Ordinary General Meeting

B&M European Value Retail SAAnnouncement

24/04/2024 09:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240424:nRSX7645La&default-theme=true

RNS Number : 7645L  B&M European Value Retail S.A.  24 April 2024

 

 

24 April 2024

 

 

B&M European Value Retail S.A

3, rue Gabriel Lippmann, L-5365 Munsbach,

 

(the "Company")

 

 

Notice of Ordinary General Meeting

 

 

B&M European Value Retail S.A. (the "Company"), the UK's leading general
merchandise value retailer, announces that it has released today notice of an
Ordinary General Meeting of the Company ("OGM" or "Meeting").

 

The Ordinary General Meeting will be held on Wednesday 29 May 2024 at the
SOFITEL Grand-Ducal, 35, rue du Laboratoire, L-1911 Luxembourg, commencing at
8:00 am (CET).

 

The purpose of the Meeting is to deliberate on the appointment of Nadia
Shouraboura as a Director of the Company.

 

The notice of the Ordinary General Meeting is available on the Company's
website at https://www.bandmretail.com/investors/company-meetings/ogm
(https://www.bandmretail.com/investors/company-meetings/ogm)  and a summary
of that notice is set out in Appendix to this announcement.

 

 

Enquiries

 

B&M European Value Retail S.A.

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

Alejandro Russo, Chief Executive Officer

Michael Schmidt, Chief Financial Officer

investor.relations@bandmretail.com (mailto:investor.relations@bandmretail.com)

 

APPENDIX

 

B&M European Value Retail S.A.

Société Anonyme

Registered office: 3, rue Gabriel Lippmann, L-5365 Munsbach

Grand-Duchy of Luxembourg

R.C.S. Luxembourg: B 187275

 

Summary of the notice of the Ordinary General Meeting of B&M European
Value Retail S.A. to be held at 08:00 am (CET) on Wednesday 29 May 2024 at the
SOFITEL Grand-Ducal, 35, rue du Laboratoire, L-1911 Luxembourg.

 

AGENDA

 

1.   To appoint Nadia Shouraboura as a Director of the Company with
immediate effect and until the annual general meeting resolving on the annual
accounts and financial statements for the financial year ended 31 March 2024.

 

EXPLANATION OF BUSINESS TO BE CONSIDERED AT THE ORDINARY GENERAL MEETING

 

Appointment of a Non-Executive Director

 

The Board of Directors of the Company (the "Board") presently comprises eight
members including the non-executive Chairman, two executive directors and five
independent non-executive directors.

 

As announced on 22 March 2024, following a search undertaken by Russell
Reynolds on behalf of the Nomination Committee of the Company and a series of
interviews, the Nomination Committee has recommended that Nadia Shouraboura be
appointed as a further Independent Non-Executive Director to the Board of
B&M European Value Retail S.A..

 

The Board approved that recommendation and unanimously resolved to propose to
the shareholders of the Company the appointment of Nadia Shouraboura with
immediate effect.

 

In accordance with Luxembourg law, her appointment is required to be approved
by a resolution of the shareholders. Accordingly, the Ordinary General Meeting
of the shareholders of the Company to be held on 29 May 2024 is to deliberate
and vote on the proposed appointment of Nadia Shouraboura.

 

Subject to shareholders' approval, Nadia Shouraboura will join the
Remuneration Committee and the Audit & Risk Committee of the Company.

 

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.

 

 

 

NOTES

 

 

Quorum and voting

 

The quorum for the meeting is at least one shareholder present in person or
represented by proxy. Each holder of ordinary shares has one vote in respect
of each ordinary share held, save when voting rights are suspended. The
resolution will be passed if approved by a simple majority of the votes cast,
regardless of the proportion of the issued share capital represented by
shareholders at the meeting.

 

 

Total voting rights

As at 23 April 2024 (being the last business day prior to the publication of
the notice of OGM) the Company's issued share capital consists of
1,002,790,896 (one billion two million seven hundred and ninety thousand eight
hundred and ninety-six) ordinary shares, carrying one vote each. The Company
holds no treasury shares, but the voting rights attached to 11,459 (eleven
thousand four hundred and fifty-nine) shares are suspended and therefore the
total voting rights in the Company as at 23 April 2024 is 1,002,779,437 (one
billion two million seven hundred and seventy-nine thousand four hundred and
thirty-seven).

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NOGBRGDSLXDDGSX