AGM 2024 Voting results announcement

B&M European Value Retail S.A.
23 July 2024
 

 

 

23 July 2024

B&M European Value Retail S.A

3, rue Gabriel Lippmann, L-5365 Munsbach

 

(the "Company")

 

Results of the votes at the Annual General Meeting of 23 July 2024

 

The Company is pleased to announce that all resolutions proposed at the Annual General Meeting of the Company held on 23 July 2024 were passed and the results of the votes were as follows.

 



VOTES

FOR

%

VOTES

AGAINST

%

VOTES

TOTAL

 

% of TVR

 

 

% of ISC

 

VOTES

WITHHELD

1

To receive the Directors Report on the Annual Accounts of the Company for the year ended March 2024.

846,039,173

99.95

381,597

0.05

846,420,770

84.41

84.41

1,084,417

2

To receive the annual accounts and Financial Statements of the Company and of the Group for the financial year ended March 2024 and the Auditor's Reports thereon.

844,529,516

99.96

348,314

0.04

844,877,830

84.25

84.25

2,627,357

3

To approve the Annual Accounts and Financial Statements of the Company for the year ended 31 March 2024.

844,843,903

99.99

34,927

0.004

844,878,830

84.25

84.25

2,626,357

4

To approve the consolidated Annual Accounts and Financial Statements of the Company for the year ended 30 March 2024.

844,877,186

99.99

1,644

0.0002

844,878,830

84.25

 

84.25

 

2,626,357

5

To approve the result of the Company for the year ended 31 March 2024 its proposed and allocation.

847,425,638

99.99

1,721

0.0002

847,427,359

84.51

84.51

77,828

6

To approve the total dividend of the Company for the year ended 31 March 2024.

847,499,880

99.99

820

0.0001

847,500,700

84.52

84.51

4,487

7

 

To approve the annual report on the Directors' Remuneration.

812,346,487

96.60

28,632,958

3.40

840,979,445

83.86

83.86

6,525,742

8

To approve the Directors' Remuneration Policy.

806,554,352

96.33

30,744,822

3.67

837,299,174

83.50

83.50

10,206,013

9

To approve the terms of the new LTIP:

837,656,359

98.85

9,769,775

1.15

847,426,134

84.51

84.51

79,053

10

To discharge each of the Directors for the financial year ended 31 March 2024.

840,684,002

99.46

4,532,232

0.54

845,216,134

84.29

84.29

2,288,953

11

To re-elect Alejandro Russo as a Director.

845,808,011

99.98

134,024

0.02

845,942,035

84.36

84.36

1,563,152

12

To re-elect Michael Schmidt as a Director.

845,276,672

99.74

2,209,023

0.26

847,485,695

84.51

84.51

19,492

13

To re-elect Tiffany Hall as a Director.

837,946,875

98.87

9,538,913

1.13

847,485,788

84.51

84.51

19,399

14

To re-elect Paula MacKenzie as a Director.

837,811,567

98.86

9,674,221

1.14

847,485,788

84.51

84.51

19,399

15

To re-elect as Oliver Tant as a Director.

824,765,283

97.49

21,229,198

2.51

845,994,481

84.36

 

84.36

 

1,510,706

16

To re-elect Hounaïda Lasry as a Director.

843,610,454

99.54

3,876,466

0.46

847,486,920

84.51

84.51

18,267

17.

To re-elect Nadia Shouraboura as a Director.

843,573,100

99.54

3,913,820

0.46

847,486,920

84.51

84.51

18,267

18.

To discharge the Independent Auditor for the year ended 31 March 2024.

840,125,139

99.33

5,692,112

0.67

845,817,251

84.35

84.35

1,687,936

19

To re-appoint KPMG Audit S.à r.l. as Independent Auditor of the Company.

845,820,486

99.80

1,679,214

0.20

847,499,700

84.52

84.51

5,487

20

 

To authorise the Directors to set the Independent Auditor's remuneration.

847,423,661

99.99

2,473

0.0003

847,426,134

84.51

84.51

79,053

21

To authorise the Company to make market purchases of its ordinary shares up to 10% of its ordinary issued shares. (1)

845,788,023

99.80

1,618,289

0.20

847,406,312

84.51

84.50

98,875

 

 

(1) 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 under Luxembourg law such as B&M European Value Retail S.A.. 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 votes will also be posted on the Company's website at https://www.bandmretail.com/investors/company-meetings/agm.

 

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.

On the record date on 9 July 2024, the total number of voting rights (TVR) was 1,002,779,437 and the total number of shares in issue was 1,002,790,896  (ISC).

 

Enquiries

B&M European Value Retail S.A.

For further information please contact +44 (0) 151 728 5400 or investor.relations@bandmretail.com

Alejandro Russo, Chief Executive Officer

Michael Schmidt, Chief Financial Officer

 

About B&M European Value Retail S.A.

B&M European Value Retail S.A. is a variety retailer with 741 stores in the UK operating under the "B&M" brand, 335 stores under the "Heron Foods" and "B&M Express" brands, and 124 stores in France also operating under the "B&M" brand as at 30 March 2024. It was admitted to the FTSE 100 index on 21 September 2020.

 

The B&M Group was founded in 1978 and listed on the London Stock Exchange in June 2014. For more information, please visit www.bandmretail.com .

 

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