DFS Furniture PLC has announced the results of its Annual General Meeting (AGM). All resolutions set out in the notice of the AGM were passed. However, the company acknowledged that there was lower support for resolution 3, which was to approve the Remuneration Report, with 70.5% in favor. The board has committed to maintaining dialogue with shareholders to understand any ongoing concerns they may have regarding executive remuneration. The Chair of the Remuneration Committee, Gill Barr, will meet with shareholders in the coming months to better understand their views ahead of a full remuneration policy review later in the year.
The company stated that it is committed to ensuring a rigorous and transparent remuneration approach that is fully aligned with stakeholders and best practice. In accordance with the UK Corporate Governance Code, DFS will provide an update on progress within the next six months.
The details of the votes cast for each resolution were also provided in the announcement. All resolutions, except for resolution 3, received overwhelming support from shareholders. The resolutions included receiving and adopting the 2023 Annual Report and Accounts, declaring a final dividend of 3.0 pence per ordinary share, and re-electing various directors.
DFS Furniture PLC is a furniture company that operates in the UK.