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 | |||||||
FOR | AGAINST | TOTAL | VOTED | WITHHELD | |||||||||
1 | To | receive | the | Directors | |||||||||
Report | on | the | Annual | ||||||||||
Accounts of the Company for | 802,689,197 | 100 | 0 | 0 | 802,689,197 | 80.20 | 7,647,330 | ||||||
the year ended March 2021 | |||||||||||||
2 | To | receive the consolidated | |||||||||||
and unconsolidated Financial | |||||||||||||
Statements | and | Annual | |||||||||||
Accounts for the financial year | 802,689,197 | 100 | 0 | 0 | 802,689,197 | 80.20 | 7,647,330 | ||||||
ended March 2021 and the | |||||||||||||
Auditor's Reports thereon | |||||||||||||
3 | To approve the consolidated | ||||||||||||
Financial | Statements | and | |||||||||||
Annual | Accounts | of | the | 802,688,962 | 100 | 0 | 0 | 802,688,962 | 80.20 | 7,647,565 | |||
Company for the year ended | |||||||||||||
27 March 2021 |
4 | To | approve | the | ||||||||
unconsolidated | Financial | ||||||||||
Statements | and | Annual | |||||||||
Accounts of the Company for | 802,688,690 | 99.99 | 272 | 0.01 | 802,688,962 | 80.20 | 7,647,565 | ||||
the year ended 31 March | |||||||||||
2021 | |||||||||||
5 | To approve the result of the | ||||||||||
Company for the year ended | 804,855,254 | 99.92 | 603,993 | 0.08 | 805,459,247 | 80.48 | 4,877,280 | ||||
31 March 2021 and allocation | |||||||||||
6 | To approve the total dividend | ||||||||||
of the Company for the year | 804,846,646 | 99.92 | 611,728 | 0.08 | 805,458,374 | 80.48 | 4,878,153 | ||||
ended 31 March 2021 | |||||||||||
7 | To receive and approve the | ||||||||||
annual report on the Directors' | 625,507,615 | 77.20 | 184,637,845 | 22.80 | 810,145,460 | 80.95 | 191,067 | ||||
Remuneration | |||||||||||
8 | To | approve | the | Directors' | |||||||
Remuneration Policy | 659,985,530 | 81.46 | 150,159,930 | 18.54 | 810,145,460 | 80.95 | 191,067 | ||||
9 | To discharge all the Directors | ||||||||||
for the financial year ended 31 | 800,944,464 | 99.56 | 3,527,470 | 0.44 | 804,471,934 | 80.38 | 5,864,593 | ||||
March 2021 | |||||||||||
10 | To re-elect Peter Bamford as | ||||||||||
a Director | 801,228,672 | 99.72 | 2,258,375 | 0.28 | 803,487,047 | 80.28 | 6,849,480 | ||||
11 | To re-elect Simon Arora as a | ||||||||||
Director | 793,430,724 | 98.50 | 12,028,758 | 1.50 | 805,459,482 | 80.48 | 4,877,045 | ||||
12 | To ratify the appointment of | ||||||||||
and to re-elect | Alejandro | 804,203,315 | 99.84 | 1,256,167 | 0.16 | 805,459,482 | 80.48 | 4,877,045 | |||
Russo as a Director |
13 | To re-elect Ron McMillan as a | |||||||||||||
Director | 649,469,916 | 80.65 | 155,731,744 | 19.35 | 805,201,660 | 80.45 | 5,134,867 | |||||||
14 | To re-elect Tiffany Hall as a | |||||||||||||
Director | 760,764,269 | 94.45 | 44,694,978 | 5.55 | 805,459,247 | 80.48 | 4,877,280 | |||||||
15 | To re-elect Carolyn Bradley | 761,639,558 | 94.79 | 41,847,489 | 5.21 | 803,487,047 | 80.28 | 6,849,480 | ||||||
as a Director | ||||||||||||||
16 | To discharge the Independent | |||||||||||||
Auditor for the year ended 31 | 800,291,556 | 99.48 | 4,180,143 | 0.52 | 804,471,699 | 80.38 | 5,864,828 | |||||||
March 2021 | ||||||||||||||
17 | To | re-appoint | KPMG | |||||||||||
Luxembourg | Société | |||||||||||||
Coopérative | as | Independent | 803,478,925 | 99.75 | 1,980,557 | 0.25 | 805,459,482 | 80.48 | 4,877,045 | |||||
Auditor of the Company | ||||||||||||||
18 | To authorise the Directors to | |||||||||||||
determine | the | Independent | 805,458,860 | 99.99 | 622 | 0.01 | 805,459,482 | 80.48 | 4,877,045 | |||||
Auditor's remuneration | ||||||||||||||
19 | To authorise the Company to | |||||||||||||
make market purchases of its | 802,653,287 | 99.75 | 1,988,737 | 0.25 | 804,642,024 | 80.40 | 5,694,503 | |||||||
ordinary shares | ||||||||||||||
20 | To confirm the Board of | |||||||||||||
Directors have full power to | ||||||||||||||
issue ordinary shares on a | ||||||||||||||
non-pre-emptive | basis | for | 805,235,178 | 99.97 | 244,304 | 0.03 | 805,459,482 | 80.48 | 4,877,045 | |||||
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-applyingPre-Emption Rights to the extent practical for a Luxembourg company
21 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 | 797,010,303 | 98.95 | 8,449,179 | 0.05 | 805,459,482 | 80.48 | 4,877,045 | |
purposes | of financing | an | ||||||||
acquisition | or | a | capital | |||||||
investment | (or | refinancing | ||||||||
such a transaction) as defined | ||||||||||
in the Statement of Principles | ||||||||||
on Dis-ApplyingPre-Emption | ||||||||||
Rights, as provided by the | ||||||||||
Articles of Association | ||||||||||
22 To approve and authorise the | ||||||||||
use by the Company of | ||||||||||
electronic | means | of | 805,450,232 | 99.99 | 750 | 0.01 | 805,450,982 | 80.48 | 4,885,545 | |
communication of information | ||||||||||
to shareholders |
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 +44 (0) 151 728 5400
Simon Arora, Chief Executive Officer
Alejandro Russo, Chief Financial Officer
Investor.relations@bandmretail.com
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B&M European Value Retail SA published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 11:47:13 UTC.