B&M European Value Retail S.A. Result of AGM (9415G)

TIDMBME

RNS Number : 9415G

B&M European Value Retail S.A.

29 July 2021

29 July 2021

B&M European Value Retail S.A.

AGM Voting Results

All resolutions proposed at the Annual General Meeting of the Company held on 29 July 2021 were passed on a poll by shareholders. The results of the poll were as follows.

 
                                      VOTES        %        VOTES        %        VOTES      % of ISC   VOTES WITHHELD 
                                       FOR                 AGAINST                TOTAL        VOTED 
      To receive the Directors 
       Report on the Annual 
       Accounts of the Company 
       for the year ended 
 1     March 2021                  802,689,197    100         0          0     802,689,197    80.20       7,647,330 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To receive the 
      consolidated 
      and unconsolidated 
      Financial Statements 
      and Annual Accounts 
      for the financial year 
      ended March 2021 and 
      the Auditor's Reports 
 2    thereon                      802,689,197    100         0          0     802,689,197    80.20       7,647,330 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To approve the 
      consolidated 
      Financial Statements 
      and Annual Accounts 
      of the Company for 
      the year ended 27 March 
 3    2021                         802,688,962    100         0          0     802,688,962    80.20       7,647,565 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To approve the 
      unconsolidated 
      Financial Statements 
      and Annual Accounts 
      of the Company for 
      the year ended 31 March 
 4    2021                         802,688,690   99.99       272       0.01    802,688,962    80.20       7,647,565 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To approve the result 
       of the Company for 
       the year ended 31 March 
 5     2021 and allocation         804,855,254   99.92     603,993     0.08    805,459,247    80.48       4,877,280 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To approve the total 
       dividend of the Company 
       for the year ended 
 6     31 March 2021               804,846,646   99.92     611,728     0.08    805,458,374    80.48       4,878,153 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To receive and approve 
      the annual report on 
      the Directors' 
 7    Remuneration                 625,507,615   77.20   184,637,845   22.80   810,145,460    80.95        191,067 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To approve the Directors' 
 8     Remuneration Policy         659,985,530   81.46   150,159,930   18.54   810,145,460    80.95        191,067 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To discharge all the 
      Directors for the 
      financial 
      year ended 31 March 
 9    2021                         800,944,464   99.56    3,527,470    0.44    804,471,934    80.38       5,864,593 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To re-elect Peter Bamford 
 10    as a Director               801,228,672   99.72    2,258,375    0.28    803,487,047    80.28       6,849,480 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To re-elect Simon Arora 
 11    as a Director               793,430,724   98.50   12,028,758    1.50    805,459,482    80.48       4,877,045 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To ratify the appointment 
       of and to re-elect 
       Alejandro Russo as 
 12    a Director                  804,203,315   99.84    1,256,167    0.16    805,459,482    80.48       4,877,045 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To re-elect Ron McMillan 
 13    as a Director               649,469,916   80.65   155,731,744   19.35   805,201,660    80.45       5,134,867 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To re-elect Tiffany 
 14    Hall as a Director          760,764,269   94.45   44,694,978    5.55    805,459,247    80.48       4,877,280 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To re-elect Carolyn 
 15    Bradley as a Director       761,639,558   94.79   41,847,489    5.21    803,487,047    80.28       6,849,480 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To discharge the 
      Independent 
      Auditor for the year 
 16   ended 31 March 2021          800,291,556   99.48    4,180,143    0.52    804,471,699    80.38       5,864,828 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To re-appoint KPMG 
       Luxembourg Soci é 
       t é Coop é 
       rative as Independent 
 17    Auditor of the Company      803,478,925   99.75    1,980,557    0.25    805,459,482    80.48       4,877,045 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To authorise the Directors 
      to determine the 
      Independent 
 18   Auditor's remuneration       805,458,860   99.99       622       0.01    805,459,482    80.48       4,877,045 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To authorise the Company 
       to make market purchases 
 19    of its ordinary shares      802,653,287   99.75    1,988,737    0.25    804,642,024    80.40       5,694,503 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      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 
 20   for a Luxembourg company     805,235,178   99.97     244,304     0.03    805,459,482    80.48       4,877,045 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      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 
 21   Articles of Association      797,010,303   98.95    8,449,179    0.05    805,459,482    80.48       4,877,045 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
      To approve and authorise 
      the use by the Company 
      of electronic means 
      of communication of 
      information to 
 22   shareholders                 805,450,232   99.99       750       0.01    805,450,982    80.48       4,885,545 
     ---------------------------  ------------  ------  ------------  ------  ------------  ---------  --------------- 
 

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 in issue of the Company on the record date of 15 July 2021 for being eligible to vote at the AGM was 1,000,839,779 ordinary shares.

We are pleased that all the resolutions proposed at the AGM were passed with strong shareholder support. We note that the vote in favour of the resolution to approve the Directors' Remuneration Report fell just below the 80% level. Prior to the AGM, we undertook a detailed and extensive consultation with shareholders regarding remuneration for FY22 onwards to gain an understanding of their views. Following the AGM, we will implement the refreshed Directors' Remuneration Policy, which was approved with a vote in favour of 81.46%, and invite shareholders to continue to engage with us as part of an ongoing constructive dialogue.

Enquiries

B&M European Value Retail S.A.

For further information please contact [phone]

Simon Arora, Chief Executive Officer

Alejandro Russo, Chief Financial Officer

[e-mail]

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July 29, 2021 07:16 ET (11:16 GMT)