23 July 2024
B&M European Value Retail
S.A
3, rue Gabriel Lippmann,
L-5365 Munsbach
(the
"Company")
Results of the votes at the
Annual General Meeting of 23 July 2024
The Company is pleased to announce
that all resolutions proposed at the Annual General Meeting of the
Company held on 23 July 2024 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
2024.
|
846,039,173
|
99.95
|
381,597
|
0.05
|
846,420,770
|
84.41
|
84.41
|
1,084,417
|
|
2
|
To receive the annual accounts and
Financial Statements of the Company and of the Group for the
financial year ended March 2024 and the Auditor's Reports
thereon.
|
844,529,516
|
99.96
|
348,314
|
0.04
|
844,877,830
|
84.25
|
84.25
|
2,627,357
|
|
3
|
To approve the Annual Accounts and
Financial Statements of the Company for the year ended 31 March
2024.
|
844,843,903
|
99.99
|
34,927
|
0.004
|
844,878,830
|
84.25
|
84.25
|
2,626,357
|
|
4
|
To approve the consolidated Annual
Accounts and Financial Statements of the Company for the year ended
30 March 2024.
|
844,877,186
|
99.99
|
1,644
|
0.0002
|
844,878,830
|
84.25
|
84.25
|
2,626,357
|
|
5
|
To approve the result of the Company
for the year ended 31 March 2024 its proposed and
allocation.
|
847,425,638
|
99.99
|
1,721
|
0.0002
|
847,427,359
|
84.51
|
84.51
|
77,828
|
|
6
|
To approve the total dividend of the
Company for the year ended 31 March 2024.
|
847,499,880
|
99.99
|
820
|
0.0001
|
847,500,700
|
84.52
|
84.51
|
4,487
|
|
7
|
To approve the annual report on the
Directors' Remuneration.
|
812,346,487
|
96.60
|
28,632,958
|
3.40
|
840,979,445
|
83.86
|
83.86
|
6,525,742
|
|
8
|
To approve the Directors'
Remuneration Policy.
|
806,554,352
|
96.33
|
30,744,822
|
3.67
|
837,299,174
|
83.50
|
83.50
|
10,206,013
|
|
9
|
To approve the terms of the new
LTIP:
|
837,656,359
|
98.85
|
9,769,775
|
1.15
|
847,426,134
|
84.51
|
84.51
|
79,053
|
|
10
|
To discharge each of the Directors
for the financial year ended 31 March 2024.
|
840,684,002
|
99.46
|
4,532,232
|
0.54
|
845,216,134
|
84.29
|
84.29
|
2,288,953
|
|
11
|
To re-elect Alejandro Russo as a
Director.
|
845,808,011
|
99.98
|
134,024
|
0.02
|
845,942,035
|
84.36
|
84.36
|
1,563,152
|
|
12
|
To re-elect Michael Schmidt as a
Director.
|
845,276,672
|
99.74
|
2,209,023
|
0.26
|
847,485,695
|
84.51
|
84.51
|
19,492
|
|
13
|
To re-elect Tiffany Hall as a
Director.
|
837,946,875
|
98.87
|
9,538,913
|
1.13
|
847,485,788
|
84.51
|
84.51
|
19,399
|
|
14
|
To re-elect Paula MacKenzie as a
Director.
|
837,811,567
|
98.86
|
9,674,221
|
1.14
|
847,485,788
|
84.51
|
84.51
|
19,399
|
|
15
|
To re-elect as Oliver Tant as a
Director.
|
824,765,283
|
97.49
|
21,229,198
|
2.51
|
845,994,481
|
84.36
|
84.36
|
1,510,706
|
|
16
|
To re-elect Hounaïda Lasry as a
Director.
|
843,610,454
|
99.54
|
3,876,466
|
0.46
|
847,486,920
|
84.51
|
84.51
|
18,267
|
|
17.
|
To re-elect Nadia Shouraboura as a
Director.
|
843,573,100
|
99.54
|
3,913,820
|
0.46
|
847,486,920
|
84.51
|
84.51
|
18,267
|
|
18.
|
To discharge the Independent Auditor
for the year ended 31 March 2024.
|
840,125,139
|
99.33
|
5,692,112
|
0.67
|
845,817,251
|
84.35
|
84.35
|
1,687,936
|
|
19
|
To re-appoint KPMG Audit S.à r.l. as
Independent Auditor of the Company.
|
845,820,486
|
99.80
|
1,679,214
|
0.20
|
847,499,700
|
84.52
|
84.51
|
5,487
|
|
20
|
To authorise the Directors to set
the Independent Auditor's remuneration.
|
847,423,661
|
99.99
|
2,473
|
0.0003
|
847,426,134
|
84.51
|
84.51
|
79,053
|
|
21
|
To authorise the Company to make
market purchases of its ordinary shares up to 10% of its ordinary
issued shares. (1)
|
845,788,023
|
99.80
|
1,618,289
|
0.20
|
847,406,312
|
84.51
|
84.50
|
98,875
|
(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 under Luxembourg law such as B&M European
Value Retail S.A.. 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 https://www.bandmretail.com/investors/company-meetings/agm.
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 9 July 2024,
the total number of voting rights (TVR) was 1,002,779,437 and the
total number of shares in issue was 1,002,790,896
(ISC).
Enquiries
B&M European Value Retail S.A.
For further information please
contact +44 (0) 151 728 5400 or investor.relations@bandmretail.com
Alejandro Russo, Chief Executive
Officer
Michael Schmidt, Chief Financial
Officer
About B&M European Value Retail S.A.
B&M European Value Retail S.A. is
a variety retailer with 741 stores in the UK operating
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 as at 30 March 2024. It was
admitted to the FTSE 100 index on 21 September 2020.
The B&M Group was founded in 1978
and listed on the London Stock Exchange in June 2014. For more
information, please visit www.bandmretail.com
.
