REG - B&M European - Result of AGM
RNS Number : 9415GB&M European Value Retail S.A.29 July 2021
29 July 2021
B&M European Value Retail S.A.
AGM Voting Results
All resolutions proposed at the Annual General Meeting of the Company held on 29 July 2021 were passed on a poll by shareholders. The results of the poll were as follows.
VOTES
FOR
%
VOTES
AGAINST
%
VOTES
TOTAL
% of ISC
VOTED
VOTES WITHHELD
1
To receive the Directors Report on the Annual Accounts of the Company for the year ended March 2021
802,689,197
100
0
0
802,689,197
80.20
7,647,330
2
To receive the consolidated and unconsolidated Financial Statements and Annual Accounts for the financial year ended March 2021 and the Auditor's Reports thereon
802,689,197
100
0
0
802,689,197
80.20
7,647,330
3
To approve the consolidated Financial Statements and Annual Accounts of the Company for the year ended 27 March 2021
802,688,962
100
0
0
802,688,962
80.20
7,647,565
4
To approve the unconsolidated Financial Statements and Annual Accounts of the Company for the year ended 31 March 2021
802,688,690
99.99
272
0.01
802,688,962
80.20
7,647,565
5
To approve the result of the Company for the year ended 31 March 2021 and allocation
804,855,254
99.92
603,993
0.08
805,459,247
80.48
4,877,280
6
To approve the total dividend of the Company for the year ended 31 March 2021
804,846,646
99.92
611,728
0.08
805,458,374
80.48
4,878,153
7
To receive and approve the annual report on the Directors' Remuneration
625,507,615
77.20
184,637,845
22.80
810,145,460
80.95
191,067
8
To approve the Directors' Remuneration Policy
659,985,530
81.46
150,159,930
18.54
810,145,460
80.95
191,067
9
To discharge all the Directors for the financial year ended 31 March 2021
800,944,464
99.56
3,527,470
0.44
804,471,934
80.38
5,864,593
10
To re-elect Peter Bamford as a Director
801,228,672
99.72
2,258,375
0.28
803,487,047
80.28
6,849,480
11
To re-elect Simon Arora as a Director
793,430,724
98.50
12,028,758
1.50
805,459,482
80.48
4,877,045
12
To ratify the appointment of and to re-elect Alejandro Russo as a Director
804,203,315
99.84
1,256,167
0.16
805,459,482
80.48
4,877,045
13
To re-elect Ron McMillan as a Director
649,469,916
80.65
155,731,744
19.35
805,201,660
80.45
5,134,867
14
To re-elect Tiffany Hall as a Director
760,764,269
94.45
44,694,978
5.55
805,459,247
80.48
4,877,280
15
To re-elect Carolyn Bradley as a Director
761,639,558
94.79
41,847,489
5.21
803,487,047
80.28
6,849,480
16
To discharge the Independent Auditor for the year ended 31 March 2021
800,291,556
99.48
4,180,143
0.52
804,471,699
80.38
5,864,828
17
To re-appoint KPMG Luxembourg Société Coopérative as Independent Auditor of the Company
803,478,925
99.75
1,980,557
0.25
805,459,482
80.48
4,877,045
18
To authorise the Directors to determine the Independent Auditor's remuneration
805,458,860
99.99
622
0.01
805,459,482
80.48
4,877,045
19
To authorise the Company to make market purchases of its ordinary shares
802,653,287
99.75
1,988,737
0.25
804,642,024
80.40
5,694,503
20
To confirm the Board of Directors have full power to issue ordinary shares on 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
805,235,178
99.97
244,304
0.03
805,459,482
80.48
4,877,045
21
To confirm the Board of Directors have full power, in addition to any 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
797,010,303
98.95
8,449,179
0.05
805,459,482
80.48
4,877,045
22
To approve and authorise the use by the Company of electronic means of communication of information to shareholders
805,450,232
99.99
750
0.01
805,450,982
80.48
4,885,545
The results of the poll will also be posted on the Company's website at 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 in issue of the Company on the record date of 15 July 2021 for being eligible to vote at the AGM was 1,000,839,779 ordinary shares.
We are pleased that all the resolutions proposed at the AGM were passed with strong shareholder support. We note that the vote in favour of the resolution to approve the Directors' Remuneration Report fell just below the 80% level. Prior to the AGM, we undertook a detailed and extensive consultation with shareholders regarding remuneration for FY22 onwards to gain an understanding of their views. Following the AGM, we will implement the refreshed Directors' Remuneration Policy, which was approved with a vote in favour of 81.46%, and invite shareholders to continue to engage with us as part of an ongoing constructive dialogue.
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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