AGM Voting Results

RNS Number : 2590U
B&M European Value Retail S.A.
29 July 2022
 

 

 

29 July 2022

B&M European Value Retail S.A.

 

 

AGM Voting Results

 

 

All resolutions proposed at the Annual General Meeting of the Company held on 28 July 2022 were passed on a poll by shareholders. The results of the poll were as follows.

 



VOTES

FOR

%

VOTES

AGAINST

%

VOTES

TOTAL

% of ISC

VOTED

VOTES WITHHELD

1

To receive the Directors Report on the Annual Accounts of the Company for the year ended March 2022

 

690,135,303

99.8

1,613,795

0.2

691,749,098

69.09

1,769,229

2

To receive the consolidated and unconsolidated Financial Statements and Annual Accounts for the financial year ended March 2022 and the Auditor's Reports thereon

 

690,135,303

99.8

1,613,795

0.2

691,749,098

69.09

1,769,229

3

To approve the consolidated Financial Statements and Annual Accounts of the Company for the year ended 26 March 2022

690,135,303

99.8

1,613,795

0.2

691,749,098

69.09

1,769,229

4

To approve the unconsolidated Financial Statements and Annual Accounts of the Company for the year ended 31 March 2022

 

690,134,972

99.8

1,614,126

0.2

691,749,098

69.09

1,769,229

5

To approve the result of the Company for the year ended 31 March 2022 and allocation

 

692,447,944

100

0

0.0

692,447,944

69.16

1,070,383

6

To approve the total dividend of the Company for the year ended 31 March 2022

 

692,448,944

100

0

0.0

692,448,944

69.16

1,069,383

7

 

To receive and approve the annual report on the Directors' Remuneration

 

637,198,382

94.3

38,312,060

5.7

675,510,442

67.47

18,007,885

8

To discharge each of the Directors for the financial year ended 31 March 2022

 

687,806,873

99.5

3,355,234

0.5

691,062,107

69.03

2,356,220

9

To re-elect Peter Bamford as a Director

 

660,170,568

95.3

32,277,376

4.7

692,447,944

69.16

1,070,383

10

To re-elect Simon Arora as a Director

 

671,929,416

97.0

20,518,528

3.0

692,447,944

69.16

1,070,383

11

To re-elect Alejandro Russo as a Director

 

689,686,373

99.6

2,760,947

0.4

692,447,320

69.16

1,071,007

12

To re-elect Ron McMillan as a Director

 

584,930,361

86.5

91,350,493

13.5

676,280,854

67.55

17,237,473

13

To re-elect Tiffany Hall as a Director

 

638,580,013

92.2

53,867,207

7.8

692,447,220

69.16

1,071,107

14

To re-elect Carolyn Bradley as a Director

667,183,563

96.4

25,263,757

3.6

692,447,320

69.16

1,071,007

15

To re-elect Paula MacKenzie as a Director

692,096,400

99.9

351,544

0.1

692,447,944

69.16

1,070,383

16

To discharge the Independent Auditor for the year ended 31 March 2022

 

688,545,309

99.6

2,617,422

0.4

691,162,731

69.03

2,355,596

17

To re-appoint KPMG Luxembourg Soci é t é   Coop é rative as Independent Auditor of the Company

 

677,254,487

98.0

13,579,622

2.0

690,834,149

68.99

2,684,178

18

 

 

 

To authorise the Directors to determine the Independent Auditor's remuneration

678,868,282

98.0

13,579,622

2.0

692,447,944

69.1 6

1,070,383

19

To authorise the Company to make market purchases of its ordinary shares of up to 10% of its ordinary issued shares *

 

688,778,366

99.5

3,338,993

0.5

692,117,359

69.13

1,400,968

20

To confirm the Board of Directors have full power to issue ordinary shares on a non-pre-emptive basis for cash representing 5% of the issued share capital of the Company generally, as provided by the Articles of Association and to acknowledge the Directors' intention to comply with the  Statement of Principles on Dis-applying Pre-Emption Rights to the extent practical for a Luxembourg company

 

692,296,618

99.98

152,326

0.02

692,448,944

69.1 6

1,069,383

21

To confirm the Board of Directors have full power, in addition to any authority granted under resolution 20, to issue ordinary shares on a non-pre-emptive basis, for cash representing a further 5% of the issued share capital of the Company for the purposes of financing an acquisition or a capital investment (or refinancing such a transaction) as defined in the Statement of Principles on Dis-Applying Pre-Emption Rights, as provided by the Articles of Association

 

690,606,503

99.7

1,781,172

0.3

692,387,675

69.1 5

1,130,652

 

* Whilst the Company seeks authority on an annual basis to perform share buybacks (as is customary for UK PLCs), the Board notes that it has no current intention of utilising this authority, reflecting the complexities of executing an on market buyback for a company incorporated in Luxembourg such as B&M. The Board continuously reviews the Group's capital structure and has regularly returned funds to all its shareholders by way of both ordinary and special dividends.

 

 

The results of the poll will also be posted on the Company's website at www.bandmretail.com

 

Please note that a vote withheld is not a vote in law and is not counted in the calculation of votes for and against a resolution.

 

The total number of shares of the Company in issue on the record date on 14 July 2022 (for being eligible to vote at the AGM) was 1,001,226,836   ordinary shares.

 

 

Enquiries

 

B&M European Value Retail S.A.

For further information please contact +44 (0) 151 728 5400

Simon Arora, Chief Executive Officer

Alejandro Russo, Chief Financial Officer

Investor.relations@bandmretail.com

 

 

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