REG - Burberry Group PLC - Result of AGM <Origin Href="QuoteRef">BRBY.L</Origin>

BurberryAnnouncement

13/07/2017 17:00

RNS Number : 0435L
Burberry Group PLC
13 July 2017
BURBERRY GROUP PLC
(the "Company")
Result of Annual General Meeting 2017
The Company announces the results of voting at its Annual General Meeting held earlier today and confirms that all resolutions were passed with majorities as set out below. All resolutions were taken on a poll. 
The Board has proactively consulted with Burberry shareholders on remuneration matters both during the year and in the recent weeks leading up to today's Annual General Meeting. 
We would like to thank our shareholders for their support for Resolution 2 (the Directors' Remuneration Policy) and are pleased that as a result of this extensive ongoing dialogue it received a vote of 93.40% in favour of the resolution. This reflects support for the Policy changes made during the year to reduce overall headline quantum, incorporate best practice features and ensure long term alignment with shareholders. 
The Board would also like to thank our shareholders for their support for Resolution 3 (the Remuneration Report) which received a vote of 68.52% in favour of the resolution. The Board took proactive measures to address concerns around the 2016/17 Remuneration Report following its publication. With the interests of shareholders and the Company in mind, and with the support of Julie Brown, on 26 June 2017 we announced her decision to waive a portion of her buy-out award and 75% of her 2016/17 EPS award. We also provided additional information on the assessment of performance for Christopher Bailey's 2014 Exceptional performance-based share award on our website. 
We appreciate the importance of shareholder alignment on remuneration matters and would like to thank our shareholders for the time they have invested with us. We will continue to build on the constructive dialogue we have established, and will give full consideration to their feedback in our decision-making over the upcoming year. 
Resolutions 1 to 19 were proposed as Ordinary Resolutions and resolutions 20 to 22 as Special Resolutions. The results were as follows:
Resolution 
Votes For*
%
Votes Against
%
Total votes validly cast
Total votes cast as % of issued share capital**
Votes Withheld***
1
To receive the Company's Annual Report and Accounts for the financial year ended 31 March 2017.
337,814,486
99.63
1,255,417
0.37
339,069,903
77.87%
44,511
2
To approve the Directors' Remuneration Policy.
315,538,767
93.40
22,283,872
6.60
337,822,639
77.58%
1,291,775
3
To approve the Director's Remuneration Report for the year ended 31 March 2017.
226,928,117
68.52
104,241,135
31.48
331,169,252
76.06%
7,945,162
4
To declare a final dividend of 28.4p per ordinary share for the year ended 31 March 2017.
339,092,583
100.00
115
0.00
339,092,698
77.87%
21,716
5
To re-elect Sir John Peace as a director of the Company.
308,597,110
91.36
29,199,958
8.64
337,797,068
77.58%
1,317,346
6
To re-elect Fabiola Arredondo as a director of the Company.
324,040,000
95.87
13,962,754
4.13
338,002,754
77.62%
1,111,660
7
To re-elect Philip Bowman as a director of the Company.
325,762,550
97.55
8,167,128
2.45
333,929,678
76.69%
5,184,736
8
To re-elect Ian Carter as a director of the Company.
324,781,587
96.18
12,889,826
3.82
337,671,413
77.55%
1,443,001
9
To re-elect Jeremy Darroch as a director of the Company.
333,826,189
98.76
4,180,001
1.24
338,006,190
77.63%
1,108,224
10
To re-elect Stephanie George as a director of the Company.
316,894,813
93.85
20,777,778
6.15
337,672,591
77.55%
1,441,823
11
To re-elect Matthew Key as a director of the Company.
336,345,862
99.51
1,660,208
0.49
338,006,070
77.63%
1,108,344
12
To re-elect Dame Carolyn McCall as a director of the Company.
336,302,410
99.50
1,704,768
0.50
338,007,178
77.63%
1,107,236
13
To re-elect Christopher Bailey as a director of the Company.
335,716,904
99.02
3,306,561
0.98
339,023,465
77.86%
90,949
14
To elect Julie Brown as a director of the Company.
333,317,858
98.31
5,712,852
1.69
339,030,710
77.86%
83,704
15
To elect Marco Gobbetti as a director of the Company.
336,861,095
99.36
2,165,020
0.64
339,026,115
77.86%
88,299
16
To reappoint PricewaterhouseCoopers LLP as Auditors of the Company.
333,611,326
98.38
5,476,594
1.62
339,087,920
77.87%
26,494
17
To authorise the Audit Committee of the Company to determine the Auditors' remuneration.
338,806,369
99.92
280,710
0.08
339,087,079
77.87%
26,847
18
To authorise political donations by the Company and its subsidiaries.
336,096,955
99.56
1,495,861
0.44
337,592,816
77.53%
1,521,415
19
To authorise the directors to allot shares. 
338,203,365
99.74
875,635
0.26
339,079,000
77.87%
35,231
20
To renew the directors' authority to disapply pre-emption rights. 
337,961,301
99.67
1,113,604
0.33
339,074,905
77.87%
39,326
21
To authorise the Company to purchase its own ordinary shares.
333,785,836
98.49
5,129,209
1.51
338,915,045
77.83%
199,186
22
To authorise the directors to call general meetings (other than an AGM) on not less than 14 clear days' notice. 
317,391,258
94.01
20,232,907
5.99
337,624,165
77.54%
1,490,065
Notes:
* Includes discretionary votes.
** Excluding treasury shares.
*** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
Every shareholder has one vote for every ordinary share held. As at 13 July 2017, the issued share capital of the Company consisted of 438,382,404 ordinary shares (including treasury shares). The Company held 2,949,066 shares in Treasury, which do not carry any voting rights. Therefore, the total number of voting rights in Burberry Group plc as at 13 July 2017 are 435,433,338. In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/nsm
13 July 2017

This information is provided by RNS
The company news service from the London Stock Exchange
  END
RAGUOVVRBVABAAR