REG - Burberry Group PLC - 2024 Annual General Meeting Voting Outcome Update

BurberryAnnouncement

16/01/2025 16:30

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RNS Number : 6604T  Burberry Group PLC  16 January 2025

BURBERRY GROUP PLC

(the "Company")

 

2024 Annual General Meeting Voting Outcome Update

 

 

As announced on 16 July 2024, Burberry Group plc received more than 20% votes
against Resolution 11, the re-election of Antoine de Saint-Affrique as a
Director of the Company at the 2024 Annual General Meeting ("AGM").

 

Through ongoing shareholder engagement, the Board understands that certain
shareholders voted against Mr de Saint-Affrique's re-election due to concerns
about the number of his other listed directorships and the potential impact on
his time commitment to Burberry. The Company has therefore continued to engage
with significant shareholders who opposed the re-election to discuss their
concerns.

 

Mr de Saint-Affrique has consistently demonstrated his ability to fulfil his
obligations as a Director including during exceptionally demanding periods and
the Board continues to believe that he has the capacity to devote sufficient
time to effectively discharge his duties.

 

On 18 December 2024, the Company announced that Mr de Saint-Affrique will
retire from the Board as a Non-Executive Director following the AGM to be held
in July 2025. As such, the Company believes that the matter has been resolved
and will not continue to consult shareholders on this topic.

 

The Board continues to be committed to shareholder engagement and any
shareholders wishing to discuss this or any other topic with the Chair can do
so by contacting the Company Secretary.  A final update will be provided in
the Annual Report and Accounts 2024/25.

 

16 January 2025

 

 

Enquiries

 

 Investors and analysts
 Lauren Wu Leng  Head of Investor Relations  020 3425 2007

                                             Lauren.Wuleng@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 250 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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