B&M European Value Retail S.A. held its Annual General Meeting on 23 July 2024, where all proposed resolutions were passed. The voting results showed overwhelming support for various agenda items, including the approval of annual accounts, financial statements, and the total dividend for the year ended 31 March 2024. The meeting also saw the re-election of directors and the discharge of the Independent Auditor for the same financial year.
The voting results, including the number of votes for and against each resolution, have been posted on the company's website. The total number of voting rights and shares in issue were also disclosed. Notably, the company clarified that a vote withheld is not counted in the calculation of votes for and against a resolution.
The company emphasized that while it seeks authority for share buybacks on an annual basis, it currently has no intention of utilizing this authority. 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.
B&M European Value Retail S.A. is a variety retailer with stores in the UK and France. As of 30 March 2024, it operated 741 stores in the UK 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. The company was admitted to the FTSE 100 index on 21 September 2020.