REG - DFS Furniture PLC - RESULTS OF AGM

DFS FurnitureAnnouncement

10/11/2023 15:30

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RNS Number : 1377T  DFS Furniture PLC  10 November 2023

10 November 2023

 

 

DFS Furniture PLC

 

RESULTS OF ANNUAL GENERAL MEETING

 

DFS Furniture PLC (the "Company") announces that all of the resolutions set
out in the notice of Annual General Meeting dated 10 November 2023 were duly
passed at today's Annual General Meeting.

In accordance with the Listing Rule 9.6.2, a copy of all resolutions passed at
the meeting (not relating to ordinary business) has been submitted to the
National Storage Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The Board recognises the lower levels of support for resolution 3 to approve
the Remuneration Report 70.5%.  The Board is committed to maintaining the
dialogue with shareholders in order to understand any ongoing concerns they
may have around executive remuneration.  This process will be led by the
Chair of the Remuneration Committee, Gill Barr, who will meet with
shareholders over the coming months to better understand their views ahead of
a full remuneration policy review later in the year.

The Board is committed to ensuring a rigorous and transparent remuneration
approach which is fully aligned with both our stakeholders and best practice.

In accordance with the UK Corporate Governance Code we will provide an update
on progress within the next six months.

 

Details of the votes cast were as follows:

 

             Resolution                                                                   For (including   %       Against     %      Total        % of ISC voted  Withheld*

                                                                                          discretionary)
 1.          Receive and adopt the 2023 Annual Report and Accounts                        213,396,641      100.00  0           0.00   213,396,641  91.14%          1,800
 2.          Declare final dividend of 3.0 pence per ordinary share                       213,398,441      100.00  0           0.00   213,398,441  91.14%          0
 3.          Approve the Directors' Remuneration Report                                   150,434,822      70.50   62,961,819  29.50  213,396,641  91.14%          1,800
 4.          Re-Elect Tim Stacey                                                          213,385,955      99.99   12,454      0.01   213,398,409  91.14%          32
 5.          Elect John Fallon                                                            213,389,663      100.00  8,746       0.00   213,398,409  91.14%          32
 6.          Re-elect Alison Hutchinson                                                   210,397,903      98.59   3,000,506   1.41   213,398,409  91.14%          32
 7.          Re-Elect Jo Boydell                                                          210,397,494      98.59   3,000,915   1.41   213,398,409  91.14%          32
 8.          Re-Elect Steve Johnson                                                       210,397,523      98.59   3,000,886   1.41   213,398,409  91.14%          32
 9.          Re-elect Loraine Martins                                                     210,407,464      98.60   2,990,945   1.40   213,398,409  91.14%          32
 10.         Elect Gill Barr                                                              191,437,213      89.71   21,961,196  10.29  213,398,409  91.14%          32
 11          Re-appoint KPMG LLP as auditor                                               213,380,113      99.99   18,295      0.01   213,398,408  91.14%          33
     12.     Authorise the Audit Committee to agree the auditor's remuneration            213,381,677      99.99   16,731      0.01   213,398,408  91.14%          33
 13.         Directors' authority to allot shares                                         213,374,969      99.99   23,440      0.01   213,398,409  91.14%          32
 14.         General authority to dis-apply pre-emption right**                           213,387,287      99.99   11,122      0.01   213,398,409  91.14%          32
 15.         Limited authority to dis-apply pre-emption right for the purposes of         213,387,287      99.99   11,122      0.01   213,398,409  91.14%          32
             acquisitions or capital investments**
 16.         Authorise the Company to purchase its ordinary shares**                      213,387,957      100.00  10,452      0.00   213,398,409  91.14%          32
 17          Authorise calling general meetings on not less than 14 clear days' notice**  213,151,454      99.88   246,955     0.12   213,398,409  91.14%          32

* A vote withheld is not a vote in law and is not counted in the calculation
of the proportion of votes "For" or "Against" a resolution.

** Indicates special resolutions requiring a 75% majority.

 

In accordance with 9.6.2 (R) of the Listing Rules, copies of the resolutions
passed at the AGM, other than those concerning ordinary business, will be
submitted to the UK Listing Authority and will in due course be available
for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

A copy of the Annual General Meeting results will be available on the DFS
corporate website https://www.dfscorporate.co.uk/
(https://www.dfscorporate.co.uk/)

 

Enquiries:

DFS

Liz McDonald (Group Company Secretary)

 

About DFS Furniture plc

The Group is the clear market-leading retailer of living room furniture in the
United Kingdom. Our Group purpose is to bring great design and comfort into
every living room, in an affordable, responsible and sustainable manner. We
operate an integrated physical and digital retail network of living room
furniture showrooms and web sites in the United Kingdom and the Republic of
Ireland, trading through our leading brands, DFS and Sofology. We attract
customers through our targeted and national marketing activities and our
reputation for high quality products and service, breadth of product offer and
favourable consumer financing options. We fulfil orders for our exclusive
product ranges through our own UK finished goods factories, and through
manufacturing partners located in the UK, Europe and Far East, and delivered
with care through our expert final-mile delivery service "The Sofa Delivery
Company Limited".

 

 

 

 

 

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