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 .
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