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RNS Number : 9415G
B&M European Value Retail S.A.
29 July 2021
 

 

 

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

 

 

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