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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Brown (n) Group Plc | LSE:BWNG | London | Ordinary Share | GB00B1P6ZR11 | ORD 11 1/19P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.125 | 0.87% | 14.425 | 14.25 | 15.20 | 14.90 | 14.90 | 14.90 | 113,509 | 16:35:11 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Catalog, Mail-order Houses | 677.5M | -51.4M | -0.1116 | -1.34 | 68.61M |
TIDMBWNG
RNS Number : 5533F
Brown (N.) Group PLC
10 July 2023
RNS ANNOUNEMENT
Released 10 July 2023 post AGM
N BROWN GROUP PLC - RESULTS OF AGM AND CONFIRMATION OF BOARD CHANGES
N Brown Group Plc (the "Company" or the "Group"), a top 10 UK clothing and footwear digital retailer, announces that at its Annual General Meeting (the "AGM") held on Monday 10 July 2023 all resolutions were duly passed. Details of the resolutions are set out in full in the Notice of AGM made available to shareholders on 15 June 2023. Copies are available to view and download on the Company's corporate website:
https://www.nbrown.co.uk/investors/shareholder-information/agm
Shareholders were recommended to appoint the Chair as their proxy to vote on the resolutions set out in the notice of meeting. A poll was held on each of the resolutions proposed; all resolutions were passed by the required majority. Resolutions 1 to 14 (inclusive) and Resolution 16 were passed as ordinary resolutions and Resolution 15 was passed as a special resolution.
The results of votes cast for each resolution were as follows:
RESOLUTION VOTES % VOTES % VOTES FOR FOR AGAINST AGAINST WITHHELD ------------ ------ --------- --------- ---------- To receive the audited accounts and the auditors' and directors' reports for the 53 week 1 period ended 4 March 2023. 370,968,830 99.99 9,913 0.01 2,866 --------------------------------------------- ------------ ------ --------- --------- ---------- 2 To approve the directors' 370,680,345 99.91 295,814 0.08 5,450 remuneration report (including the part containing the directors' remuneration policy) for the 53 week period ended 4 March 2023. --------------------------------------------- ------------ ------ --------- --------- ---------- To re-appoint Ron McMillan 3 as a director. * 370,822,906 99.97 129,418 0.03 29,285 --------------------------------------------- ------------ ------ --------- --------- ---------- To re-appoint Steve Johnson 4 as a director. 370,766,824 99.95 176,574 0.05 38,211 --------------------------------------------- ------------ ------ --------- --------- ---------- 5 To re-appoint Lord Alliance 370,816,037 99.96 123,458 0.03 42,114 of Manchester CBE as a director. --------------------------------------------- ------------ ------ --------- --------- ---------- To re-appoint Michael Ross 6 as a director. * 370,822,964 99.97 120,244 0.03 38,401 --------------------------------------------- ------------ ------ --------- --------- ---------- To re-appoint Vicky Mitchell 7 as a director. * 370,830,403 99.97 121,921 0.03 29,285 --------------------------------------------- ------------ ------ --------- --------- ---------- 8 To re-appoint Joshua Alliance 370,817,812 99.96 132,096 0.04 31,701 as a director. --------------------------------------------- ------------ ------ --------- --------- ---------- To re-appoint Dominic Platt 9 as a director. * 370,822,385 99.97 118,407 0.03 40,817 --------------------------------------------- ------------ ------ --------- --------- ---------- To re-appoint Meg Lustman 10 as a director. * 370,830,881 99.97 121,443 0.03 29,285 --------------------------------------------- ------------ ------ --------- --------- ---------- 11 To re-appoint Dominic Appleton 370,776,149 99.94 173,759 0.05 31,701 as a director, subject to regulatory approval. --------------------------------------------- ------------ ------ --------- --------- ---------- To appoint Ernst & Young 12 LLP as auditors . 370,928,156 99.99 24,134 0.01 29,319 --------------------------------------------- ------------ ------ --------- --------- ---------- To authorise the Audit and Risk Committee of the board of directors to determine 13 the auditors' remuneration. 370,858,686 99.98 90,023 0.02 32,900 --------------------------------------------- ------------ ------ --------- --------- ---------- 14 Director's authorisation 370,766,068 99.94 189,925 0.05 25,616 to allot shares in the Company ... up to an aggregate nominal amount of GBP16,965,171 --------------------------------------------- ------------ ------ --------- --------- ---------- Granting of Section 561 authority permitting an allotment of shares by the Directors for cash without 15 pre-emption rights 370,695,597 99.92 255,430 0.07 30,582 --------------------------------------------- ------------ ------ --------- --------- ---------- To approve the rules of the N Brown Group plc Share 16 Plan. 370,812,211 99.95 137,663 0.04 31,735 --------------------------------------------- ------------ ------ --------- --------- ----------
* Independent Non-Executive Director
The full resolution can be found in the AGM notice
Notes:
1. As at the date of the AGM, the Company had 460,483,231 ordinary shares in issue. The Company did not hold any shares in treasury and therefore the number of total voting rights as at the date of the AGM was 460,483,231.
2. The scrutineer of the voting was Link Asset Services, the Company's Share Registrar.
3. Note that a 'vote withheld' is not a vote in law and such votes have not been included in the calculation of votes 'for' and 'against' each resolution. Proxy appointments which gave discretion to the Chairman have been included in the 'for' total above.
Confirmation of Board changes
Following the announcements made on 27 January 2023 and 7 February 2023 , Gill Barr and Richard Moross have stepped down as Board Directors as planned following the conclusion of the Company's AGM today.
The Board would like to thank both Gill and Richard for their contributions to the Group.
Following these changes, the Board will comprise the Chair (who was independent on appointment), the Group CEO and CFO and six Non-Executive Directors, four of whom are considered to be independent.
Meg Lustman will succeed Gill as the Chair of the Remuneration Committee and a member of the Nominations & Governance Committee. The appointment of Meg Lustman as the Chair of the Remuneration Committee remains subject to FCA approval.
A copy of this announcement has been posted on the Company's corporate website:
https://www.nbrown.co.uk/investors/shareholder-information/agm
For further information:
N Brown Group David Fletcher, Head of Investor Relations +44 (0)7876 111242 MHP Communications James McFarlane / Eleni Menikou / Charles +44 (0) 20 3128 8789 Hirst NBrown@mhpgroup.com Shore Capital - Nomad and Broker Stephane Auton / Daniel Bush +44 (0) 20 7408 4090
About N Brown Group:
N Brown is a top 10 UK clothing & footwear digital retailer, with a home proposition. Our retail brands include JD Williams, Simply Be and Jacamo, and our financial services proposition allows customers to spread the cost of shopping with us. We are headquartered in Manchester where we design, source and create our product offer and we employ over 1,700 people across the UK.
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 or visit www.rns.com.
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END
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July 10, 2023 12:12 ET (16:12 GMT)
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