Burberry Group PLC Result of AGM (0435L)

TIDMBRBY

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         %        Votes         %       Total         Total        Votes 
                                 For*                   Against               votes         votes        Withheld*** 
                                                                              validly       cast 
                                                                              cast          as 
                                                                                            % of 
                                                                                            issued 
                                                                                            share 
                                                                                            capital** 
-----------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To receive 
       the Company's 
       Annual Report 
       and Accounts 
       for the financial 
       year ended 
       31 March 
 1     2017.                    337,814,486    99.63     1,255,417    0.37   339,069,903       77.87%         44,511 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To approve 
       the Directors' 
       Remuneration 
 2     Policy.                  315,538,767    93.40    22,283,872    6.60   337,822,639       77.58%      1,291,775 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To approve 
       the Director's 
       Remuneration 
       Report for 
       the year 
       ended 31 
 3     March 2017.              226,928,117    68.52   104,241,135   31.48   331,169,252       76.06%      7,945,162 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To declare 
       a final dividend 
       of 28.4p 
       per ordinary 
       share for 
       the year 
       ended 31 
 4     March 2017.              339,092,583   100.00           115    0.00   339,092,698       77.87%         21,716 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To re-elect 
       Sir John 
       Peace as 
       a director 
 5     of the Company.          308,597,110    91.36    29,199,958    8.64   337,797,068       77.58%      1,317,346 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To re-elect 
       Fabiola Arredondo 
       as a director 
 6     of the Company.          324,040,000    95.87    13,962,754    4.13   338,002,754       77.62%      1,111,660 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To re-elect 
       Philip Bowman 
       as a director 
 7     of the Company.          325,762,550    97.55     8,167,128    2.45   333,929,678       76.69%      5,184,736 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To re-elect 
       Ian Carter 
       as a director 
 8     of the Company.          324,781,587    96.18    12,889,826    3.82   337,671,413       77.55%      1,443,001 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To re-elect 
       Jeremy Darroch 
       as a director 
 9     of the Company.          333,826,189    98.76     4,180,001    1.24   338,006,190       77.63%      1,108,224 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To re-elect 
       Stephanie 
       George as 
       a director 
 10    of the Company.          316,894,813    93.85    20,777,778    6.15   337,672,591       77.55%      1,441,823 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To re-elect 
       Matthew Key 
       as a director 
 11    of the Company.          336,345,862    99.51     1,660,208    0.49   338,006,070       77.63%      1,108,344 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To re-elect 
       Dame Carolyn 
       McCall as 
       a director 
 12    of the Company.          336,302,410    99.50     1,704,768    0.50   338,007,178       77.63%      1,107,236 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To re-elect 
       Christopher 
       Bailey as 
       a director 
 13    of the Company.          335,716,904    99.02     3,306,561    0.98   339,023,465       77.86%         90,949 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To elect 
       Julie Brown 
       as a director 
 14    of the Company.          333,317,858    98.31     5,712,852    1.69   339,030,710       77.86%         83,704 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To elect 
       Marco Gobbetti 
       as a director 
 15    of the Company.          336,861,095    99.36     2,165,020    0.64   339,026,115       77.86%         88,299 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To reappoint 
       PricewaterhouseCoopers 
       LLP as Auditors 
 16    of the Company.          333,611,326    98.38     5,476,594    1.62   339,087,920       77.87%         26,494 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To authorise 
       the Audit 
       Committee 
       of the Company 
       to determine 
       the Auditors' 
 17    remuneration.            338,806,369    99.92       280,710    0.08   339,087,079       77.87%         26,847 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To authorise 
       political 
       donations 
       by the Company 
 18    and its subsidiaries.    336,096,955    99.56     1,495,861    0.44   337,592,816       77.53%      1,521,415 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To authorise 
       the directors 
       to allot 
 19    shares.                  338,203,365    99.74       875,635    0.26   339,079,000       77.87%         35,231 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To renew 
       the directors' 
       authority 
       to disapply 
       pre-emption 
 20    rights.                  337,961,301    99.67     1,113,604    0.33   339,074,905       77.87%         39,326 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To authorise 
       the Company 
       to purchase 
       its own ordinary 
 21    shares.                  333,785,836    98.49     5,129,209    1.51   338,915,045       77.83%        199,186 
---  ------------------------  ------------  -------  ------------  ------  ------------  -----------  ------------- 
      To authorise 
       the directors 
       to call general 
       meetings 
       (other than 
       an AGM) on 
       not less 
       than 14 clear 
 22    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

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July 13, 2017 11:57 ET (15:57 GMT)