REG - Burberry Group PLC - 2023 Annual General Meeting Voting Outcome Update

BurberryAnnouncement

11/01/2024 13:30

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RNS Number : 4275Z  Burberry Group PLC  11 January 2024

BURBERRY GROUP PLC

(the "Company")

 

2023 Annual General Meeting Voting Outcome Update

 

 

As announced on 12 July 2023, Burberry Group plc received more than 20% votes
against Resolution 13, the re-election of Antoine de Saint-Affrique as a
Director of the Company at the 2023 Annual General Meeting.

 

The Board has sought to engage with significant shareholders who voted against
Antoine's re-election and is grateful to those that took the time to explain
their views. As in the prior year, some shareholders have expressed concerns
about the number of Mr de Saint-Affrique's other listed directorships and the
potential impact on his time commitment to Burberry.

 

The Board continues to believe that Mr de Saint-Affrique has the capacity to
devote sufficient time to effectively discharge his duties.  He is a
committed and engaged Director whose skills and experience enable him to bring
a particularly valuable perspective to Board matters and has consistently
demonstrated his ability to fulfil his obligations as a Director including
during exceptionally demanding periods.

 

A detailed explanation of the reasons why the Board believes it is in the best
interests of shareholders to support Mr de Saint-Affrique's re-election is in
the Annual Report and Accounts 2022/23 and in the 2023 Notice of Annual
General Meeting.

 

The Board will continue to monitor this position closely and will continue to
engage with shareholders on this matter. A further update will be provided in
the Annual Report and Accounts 2023/24.

 

11 January 2024

 

 

Enquiries

 

 Investors and analysts
 Julian Easthope  VP, Investor Relations  020 3367 4458

                                          Julian.Easthope@burberry.com

 

 Media
 Andrew Roberts  SVP, Corporate Relations and Engagement  020 3367 3764

                                                          Andrew.Roberts@burberry.com (mailto:Andrew.Roberts@burberry.com)

 

 

This announcement does not constitute an invitation to underwrite, subscribe
for or otherwise acquire or dispose of any Burberry Group plc shares, in the
UK, or in the US, or under the US Securities Act 1933 or in any other
jurisdiction.

Burberry is listed on the London Stock Exchange (BRBY.L) and is a constituent
of the FTSE 100 index. ADR symbol OTC:BURBY.

BURBERRY, the Equestrian Knight Device, the Burberry Check and the Thomas
Burberry Monogram and Print are trademarks belonging to Burberry.

 

 

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