REG - Burberry Group PLC - Result of AGM

BurberryAnnouncement

16/07/2024 17:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240716:nRSP6494Wa&default-theme=true

RNS Number : 6494W  Burberry Group PLC  16 July 2024

BURBERRY GROUP PLC

(the "Company")

 

Result of Annual General Meeting 2024

 

16 July 2024

 

The Company announces the results of voting at its Annual General Meeting
("AGM") held earlier today at Conrad London St. James, 22-28 Broadway, London
SW1H 0BH. All resolutions were passed by shareholders, as set out below. A
poll was held on each of the resolutions proposed.

 

Resolutions 1 to 18 were proposed as Ordinary Resolutions and resolutions 19
to 22 as Special Resolutions. The full text of each resolution is set out in
the Notice of 2024 Annual General Meeting (the "Notice"), which is available
on the Burberry Group plc website at https://www.burberryplc.com/AGM2024
(https://www.burberryplc.com/AGM2024) .

 

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 year ended 30       285,031,751  99.74  754,225        0.26   285,785,976               79.70                                            220,108
                    March 2024.
 2.                 To approve the Directors' Remuneration Report for the year ended 30 March       248,439,893  86.88  37,506,163     13.12  285,946,056               79.74                                            60,026
                    2024.
 3.                 To declare a final dividend for the year ended 30 March 2024.                   285,912,174  99.98  45,940         0.02   285,958,114               79.75                                            47,970
 4.                 To re-elect Dr Gerry Murphy as a Director of the Company.                       258,882,919  95.06  13,460,768     4.94   272,343,687               75.95                                            13,662,394
 5.                 To re-elect Jonathon Akeroyd as a Director of the Company.***                   WITHDRAWN ON 15 JULY 2024
 6.                 To re-elect Orna NíChionna as a Director of the Company.                        277,359,713  97.00  8,575,099      3.00   285,934,812               79.74                                            71,270
 7.                 To re-elect Fabiola Arredondo as a Director of the Company.                     273,770,383  95.75  12,161,752     4.25   285,932,135               79.74                                            73,947
 8.                 To re-elect Sam Fischer as a Director of the Company.                           277,349,646  97.00  8,583,430      3.00   285,933,076               79.74                                            73,006
 9.                 To re-elect Ron Frasch as a Director of the Company.                            275,926,513  96.50  10,006,174     3.50   285,932,687               79.74                                            73,395
 10.                To re-elect Danuta Gray as a Director of the Company.                           256,894,261  89.84  29,039,087     10.16  285,933,348               79.74                                            72,733
 11.                To re-elect Antoine de Saint-Affrique as a Director of the Company.             218,147,817  76.29  67,783,924     23.71  285,931,741               79.74                                            74,338
 12.                To re-elect Alan Stewart as a Director of the Company.                          279,401,767  97.72  6,531,109      2.28   285,932,876               79.74                                            73,205
 13.                To elect Kate Ferry as a Director of the Company.                               284,064,087  99.35  1,870,393      0.65   285,934,480               79.74                                            71,604
 14.                To elect Alessandra Cozzani as a Director of the Company.                       285,524,575  99.86  409,121        0.14   285,933,696               79.74                                            72,388
 15.                To re-appoint Ernst & Young LLP as auditor of the Company.                      284,569,064  99.52  1,365,449      0.48   285,934,513               79.74                                            71,571
 16.                To authorise the Audit Committee of the Company to determine the auditor's      285,806,183  99.95  148,004        0.05   285,954,187               79.75                                            51,897
                    remuneration.
 17.                To authorise political donations by the Company and its subsidiaries.           280,370,882  98.42  4,506,793      1.58   284,877,675               79.45                                            1,128,407
 18.                To authorise the Directors to allot shares.                                     275,225,709  97.72  6,425,804      2.28   281,651,513               78.55                                            4,354,571
 19.                To renew the Directors' authority to disapply pre-emption rights. (Special      284,286,706  99.42  1,655,810      0.58   285,942,516               79.74                                            63,568
                    Resolution)
 20.                To grant the Directors' additional authority to disapply pre-emption rights     278,960,824  99.05  2,688,928      0.95   281,649,752               78.55                                            4,356,332
                    for the purposes of acquisitions or specified capital investments. (Special
                    Resolution)
 21.                To authorise the Company to purchase its own Ordinary Shares.                   284,489,234  99.51  1,397,850      0.49   285,887,084               79.73                                            119,000

                    (Special Resolution)
 22.                To authorise the Directors to call general meetings (other than an AGM) on not  269,991,987  95.86  11,664,502     4.14   281,656,489               78.55                                            4,349,591
                    less than 14 clear days' notice. (Special Resolution)

 

Notes:

* Includes discretionary votes.

** A vote withheld is not a vote in law and is not counted in the calculation
of the votes for or against a resolution.

*** As announced on 15 July 2024, Resolution 5 to re-elect Jonathan Akeroyd as
a Director of the Company  was withdrawn on that date. The withdrawal of
Resolution 5 did not affect the validity of the Notice, the proxy form or any
proxy votes already submitted on the other resolutions. The numbering of all
other proposed resolutions at the AGM remained unchanged. Any votes cast in
relation to Resolution 5 ahead of the AGM were of no effect.

 

Every shareholder has one vote for every Ordinary Share held. As at 6.30pm on
12 July 2024, the issued share capital of the Company consisted of 363,816,314
Ordinary Shares. The Company holds 5,232,720 shares in Treasury. Therefore,
the total number of voting rights in Burberry Group plc as at 12 July 2024 was
358,583,594.

 

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed,
other than those concerning ordinary business, have been submitted to the
National Storage Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

 

Board Change

 

As previously communicated, Debra Lee did not stand for re-election as a
Director at the Company's AGM held earlier today and stepped down from the
Board following the conclusion of the AGM.

 

 

Resolution 11 - re-election of Antoine de Saint-Affrique as a Director of the
Company

 

The Board notes that Resolution 11 relating to Antoine de Saint-Affrique's
re-election to the Board was supported by 76.29% of shareholders and opposed
by 23.71% of shareholders who voted.

Following the 2023 AGM, Gerry Murphy, our Chair, wrote again to significant
shareholders who had voted against Antoine's re-election in order to
understand their concerns more fully. We provided an update on this engagement
on 11 January 2024 and included additional information on Antoine's other
commitments and his exemplary attendance record, as well as the introduction
of a new policy on Board time commitments, in the 2023/24 Annual Report.

The Board has monitored the position closely and is satisfied that Antoine is
able to devote sufficient time to his role as Non-Executive Director of
Burberry. However, the Board recognises that certain shareholders continue to
have concerns and will re-engage with them to understand and respond to their
views.

 

 

 Enquiries
 Gemma Parsons  Company Secretary  +44 (0)20 3367 4539

                                   Gemma.Parsons@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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGUNRNRSAUBAAR