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 [phone] or [e-mail]

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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