Last checked at 29 Jul 2021 12:16
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 FOR | % | VOTES AGAINST | % | VOTES TOTAL | % of ISC VOTED | VOTES WITHHELD | ||
1 | To receive the Directors Report on the Annual Accounts of the Company for the year ended March 2021
| 802,689,197 | 100 | 0 | 0 | 802,689,197 | 80.20 | 7,647,330 |
2 | To receive the consolidated and unconsolidated Financial Statements and Annual Accounts for the financial year ended March 2021 and the Auditor's Reports thereon
| 802,689,197 | 100 | 0 | 0 | 802,689,197 | 80.20 | 7,647,330 |
3 | To approve the consolidated Financial Statements and Annual Accounts of the Company for the year ended 27 March 2021 | 802,688,962 | 100 | 0 | 0 | 802,688,962 | 80.20 | 7,647,565 |
4 | To approve the unconsolidated Financial Statements and Annual Accounts of the Company for the year ended 31 March 2021
| 802,688,690 | 99.99 | 272 | 0.01 | 802,688,962 | 80.20 | 7,647,565 |
5 | To approve the result of the Company for the year ended 31 March 2021 and allocation
| 804,855,254 | 99.92 | 603,993 | 0.08 | 805,459,247 | 80.48 | 4,877,280 |
6 | To approve the total dividend of the Company for the year ended 31 March 2021
| 804,846,646 | 99.92 | 611,728 | 0.08 | 805,458,374 | 80.48 | 4,878,153 |
7
| To receive and approve the annual report on the Directors' Remuneration
| 625,507,615 | 77.20 | 184,637,845 | 22.80 | 810,145,460 | 80.95 | 191,067 |
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 March 2021
| 800,944,464 | 99.56 | 3,527,470 | 0.44 | 804,471,934 | 80.38 | 5,864,593 |
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 Russo as a Director
| 804,203,315 | 99.84 | 1,256,167 | 0.16 | 805,459,482 | 80.48 | 4,877,045 |
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 as a Director | 761,639,558 | 94.79 | 41,847,489 | 5.21 | 803,487,047 | 80.28 | 6,849,480 |
16 | To discharge the Independent Auditor for the year ended 31 March 2021
| 800,291,556 | 99.48 | 4,180,143 | 0.52 | 804,471,699 | 80.38 | 5,864,828 |
17 | To re-appoint KPMG Luxembourg Société Coopérative as Independent Auditor of the Company
| 803,478,925 | 99.75 | 1,980,557 | 0.25 | 805,459,482 | 80.48 | 4,877,045 |
18
| To authorise the Directors to determine the Independent Auditor's remuneration | 805,458,860 | 99.99 | 622 | 0.01 | 805,459,482 | 80.48 | 4,877,045 |
19 | To authorise the Company to make market purchases of its ordinary shares
| 802,653,287 | 99.75 | 1,988,737 | 0.25 | 804,642,024 | 80.40 | 5,694,503 |
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
| 805,235,178 | 99.97 | 244,304 | 0.03 | 805,459,482 | 80.48 | 4,877,045 |
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
| 797,010,303 | 98.95 | 8,449,179 | 0.05 | 805,459,482 | 80.48 | 4,877,045 |
22 | To approve and authorise the use by the Company of electronic means of communication of information to shareholders | 805,450,232 | 99.99 | 750 | 0.01 | 805,450,982 | 80.48 | 4,885,545 |
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