REG - B&M European - Result of AGM 22 July 2025

B&M European Value Retail SAAnnouncement

23/07/2025 09:00

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RNS Number : 2152S  B&M European Value Retail S.A.  23 July 2025

 

 

23 July 2025

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 22 July 2025

 

The Company is pleased to announce that all resolutions proposed at the Annual
General Meeting of the Company held on 22 July 2025 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    NO VOTES REQUIRED
      year ended March 2025.
 2    To receive the annual accounts and Financial Statements of the Company and of    NO VOTES REQUIRED
      the Group for the financial year ended March 2025 and the Auditor's Reports
      thereon.
 3    To approve the Annual Accounts and Financial Statements of the Company for the   744,123,873  99.9996  3,243        0.0004    744,127,116  74.13      74.13      3,298,159
      year ended 31 March 2025.
 4    To approve the consolidated Annual Accounts and Financial Statements of the      744,121,117  99.9995  3,999        0.0005    744,125,116  74.13                 3,300,159
      Company for the year ended 29 March 2025.

                                                                                                                                                            74.13

 5    To approve the result of the Company for the year ended 31 March 2025 its        747,411,861  99.9995  3,955        0.0005    747,415,816  74.46      74.46      9,459
      proposed and allocation.
 6    To approve the total dividend of the Company for the year ended 31 March 2025.   747,421,787  99.9996  3,323        0.0004    747,425,110  74.46      74.46      165
 7    To approve the annual report on the Directors' Remuneration.                     712,573,451  95.76    31,531,465   4.24      744,104,916  74.13      74.13      3,320,359

 8    To discharge each of the Directors for the financial year ended 31 March 2025.   743,764,252  99.71    2,170,459    0.29      745,934,711  74.31      74.31      1,490,564
 9    To re-elect Tiffany Hall.                                                        732,749,723  98.04    14,666,458   1.96      747,416,181  74.46      74.46      9,094
 10   To ratify the appointment of and to re-elect Tjeerd Jegen.                       741,115,830  99.16    6,306,121    0.84      747,421,951  74.46      74.46      3,324
 11   To re-elect Michael Schmidt as a Director.                                       739,541,429  98.95    7,878,229    1.05      747,419,658  74.46      74.46      5,617
 12   To re-elect as Oliver Tant as a Director.                                        717,533,741  96       29,885,917   4         747,419,658  74.46      74.46      5,617
 13   To re-elect Paula MacKenzie as a Director.                                       736,103,798  98.49    11,312,383   1.51      747,416,181  74.46      74.46      9,094
 14   To re-elect Hounaïda Lasry as a Director.                                        721,594,175  96.55    25,822,006   3.45      747,416,181  74.46      74.46      9,094
 15   To re-elect Nadia Shouraboura as a Director.                                     721,591,425  96.54    25,824,756   3.46      747,416,181  74.46                 9,094

                                                                                                                                                            74.46

 16   To re-elect Euan Sutherland as a Director.                                       724,908,078  97.23    20,635,139   2.77      745,543,217  74.27      74.27      1,882,058
 17.  To discharge the Independent Auditor for the year ended 31 March 2025.           741,506,062  99.41    4,430,369    0.59      745,936,431  74.31      74.31      1,488,844
 18.  To re-appoint KPMG Audit S.à r.l. as Independent Auditor of the Company.         745,331,601  99.72    2,084,189    0.28      747,415,790  74.46      74.46      9,485
 19   To authorise the Directors to set the Independent Auditor's remuneration.        747,392,135  99.997   20,665         0.003   747,412,800  74.46      74.46      12,475
 20   To authorise the Company to make market purchases of its ordinary shares up to   740,644,374  99.15    6,365,290    0.85      747,009,664  74.42      74.42      415,611

    10% of its ordinary issued shares.

 21   To confirm the Board of Directors have full power to issue ordinary shares on    576,690,756  77.16    170,700,209  22.84     747,390,965  74.45      74.46      34,310
      a non-pre-emptive basis for cash representing 10% 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.
 22   To confirm the Board of Directors have full power, in addition to any            545,414,109  72.98    201,972,817  27.02     747,386,926  74.45      74.45      38,349
      authority granted under resolution 21, to issue ordinary shares on a
      non-pre-emptive basis, for cash representing a further 10% 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.

 

 

 

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 8 July 2025, the total number of voting rights (TVR) was
1,002,813,610 and the total number of shares in issue was 1,003,821,871 (ISC).

 

The Company notes that a significant number of votes were cast against the
Board's recommendation in respect of resolutions 21 and 22.

The Board takes the outcome of shareholder votes seriously and will engage
with shareholders and shareholder advisory bodies to ensure their views are
understood. In accordance with the UK Corporate Governance Code, the Company
will provide an update on this engagement within 6 months of the 2025 Annual
General Meeting, as well as a final summary in the Company's 2026 Annual
Report.

 

 

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)

Tjeerd Jegen, 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 777 stores in
the UK operating under the "B&M" brand, 343 stores under the "Heron
Foods" and "B&M Express" brands, and 135 stores in France also operating
under the "B&M" brand as at 29 March 2025.

 

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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