AGM 2023 Voting results announcement

Released : 26/07/2023 08:15

RNS Number : 2413HB&M European Value Retail S.A.26 July 2023

26 July 2023

B&M European Value Retail S.A.

AGM Voting Results

All resolutions proposed at the Annual General Meeting of the Company held on 25 July 2023 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 2023.

826,052,536

99.99

730

0.0001

826,053,266

82.45

   82.45

18,126,330

2

To receive the unconsolidated and consolidated Annual Accounts and Financial Statements for the financial year ended March 2023 and the Auditor's Reports thereon.

823,705,185

99.99

730

0.0001

823,705,915

82.22

82.22

20,473,681

3

To approve the Annual Accounts and Financial Statements of the Company for the year ended 31 March 2023.

823,704,065

99.99

730

0.0001

823,704,795

82.22

82.22

20,474,801

4

To approve the consolidated Annual Accounts and Financial Statements of the Company for the year ended 25 March 2023.

823,704,065

99.99

730

0.0001

823,704,795

82.22

82.22

20,474,801

5

To approve the result of the Company for the year ended 31 March 2023 and allocation.

826,763,905

99.99

773

0.0001

826,764,678

82.52

82.52

17,414,918

6

To approve the total dividend of the Company for the year ended 31 March 2023.

826,765,822

100

0

0

826,765,822

82.52

82.52

17,143,774

7

To approve the annual report on the Directors' Remuneration.

808,808,276

97.30

22,181,186

2.70

822,989,462

82.15

82.15

21,190,134

8

To discharge each of the Directors for the financial year ended 31 March 2023.

817,345,612

98.96

8,560,850

1.04

825,906,462

82.44

82.44

18,273,134

9

To re-elect Peter Bamford as a Director.

716,124,255

88.36

94,302,035

11.64

810,444,290

80.89

80.89

33,194,455

10

To re-elect Alejandro Russo as a Director.

824,721,627

99.69

2,539,620

0.31

827,261,247

82.57

82.57

16,918,349

11

To re-elect Michael Schmidt as a Director.

822,407,093

99.41

4,854,154

0.59

827,261,247

82.57

82.57

16,918,349

12

To re-elect Ron McMillan as a Director.

784,145,494

94.79

43,115,753

5.21

827,261,247

82.57

82.57

16,918,349

13

To re-elect Tiffany Hall as a Director.

794,066,792

95.99

33,194,455

4.01

827,261,247

82.57

82.57

16,918,349

14

To re-elect Paula MacKenzie as a Director.

807,183,772

97.67

19,215,854

2.33

826,399,626

82.49

82.49

17,779,970

15

To re-elect as Oliver Tant as a Director.

823,995,930

99.61

3,265,317

0.39

827,261,247

82.57

82.57

16,918,349

16

To discharge the Independent Auditor for the year ended 31 March 2023.

820,760,586

99.38

5,145,576

0.62

825,906,162

82.44

82.44

18,273,434

17

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

824,930,181

99.72

2,348,583

0.28

827,278,764

82.57

82.57

16,900,832

18

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

827,577,575

99.99

1,189

0.0001

827,278,764

82.57

82.57

16,900,832

19

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

823,016,690

99.54

3,820,601

0.46

826,837,291

82.53

82.53

17,342,305

20

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 for a Luxembourg company.

826,923,101

99.97

263,805

0.03

827,186,906

82.57

82.57

16,992,690

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 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 Articles of Association.

824,576,250

99.68

2,610,656

0.32

827,186,906

82.57

 82.57

16,992,690

(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 in Luxembourg such as B&M. 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 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.

On the record date on 11 July 2023, the total number of voting rights was 1,001,839,893 (TVR) and the total number of shares in issue was 1,001,853,735 (ISC).

With effect from the AGM date, Tiffany Hall becomes Senior Independent Director, Oliver Tant becomes Chair of the Audit & Risk Committee and joins the Remuneration Committee. Subject to shareholders' approval of the appointment of Hounaïda Lasry, and as from her appointment date, Hounaïda will join the Remuneration and the Nomination Committees of the Company.

Enquiries

B&M European Value Retail S.A.

For further information please contact +44 (0)151 728 5400

Alejandro Russo, Chief Executive Officer

Michael Schmidt, Chief Financial Officer

[email protected]

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