B&M Regulatory News (BME)

31July 2018

B&M European Value Retail S.A.


Board Appointments and Retirement

B&M European Value Retail S.A. (the "Company") announces the following Board changes.

Tiffany Hall is to be appointed, subject to shareholder approval, as a Non-Executive Director of the Company with effect from 18 September 2018. Tiffany will join the Remuneration and Nomination Committees of the Company.

Carolyn Bradley is to be appointed as a Non-Executive Director of the Company with effect from 15 November 2018. Carolyn will join the Audit & Risk Committee and the Nomination Committee of the Company.

Harry Brouwer will be retiring from the Board with effect from 14 November 2018. Harry has served as a Non-Executive Director since the IPO of the Company in 2014. He has been a member of the Audit & Risk, Remuneration and Nomination Committees of the Company since joining the Board on the IPO of the Company.

Tiffany Hall has a strong background in marketing, sales and customer services. She previously served as Managing Director of BUPA Home Healthcare, Marketing Director at BUPA, Head of Marketing at British Airways and also Chair of Airmiles and BA Holidays. She has also previously been a Non-Executive Director of Think London.

Tiffany is currently the Senior Independent Director and Chair of the Remuneration Committee of Howden Joinery Group Plc ("Howden"). She originally joined the Board of Howden as a Non-Executive Director in May 2010.

Carolyn Bradley has a strong retail and consumer focused background, having worked at Tesco for over 25 years until 2013. During that time she held a number of senior positions, including Chief Operating Officer of Tesco.com, Commercial Director for Tesco Stores, Tesco Marketing Director (UK) and Group Brand Director.

Carolyn is a Non-Executive Director of Legal and General Group plc. She is also the Senior Independent Director and Interim Chairman of Marston's PLC.

Peter Bamford, Chairman, said

"I am delighted that both Tiffany Hall and Carolyn Bradley have agreed to join the Board of B&M. Their previous roles as executives in leading consumer facing and retail sector businesses, and their plc experience also as Non-Executive Directors, will bring additional perspectives and depth to our Board while our business continues to grow at a significant rate.

On behalf of the Board I would like to thank Harry for his insight and contribution to the Board and each of the Committee's on which he has served since the IPO of the Company in 2014 which have overseen continued growth for B&M and a successful transition to public company governance. We wish him well for the future."

With regard to Tiffany Hall's appointment to the Board on 18 September, as there is currently no vacancy in the office of a Director of the Company, in accordance with Luxembourg law, her appointment is required to be approved by a resolution of shareholders at a general meeting of the Company. Accordingly, an ordinary general meeting of shareholders is to be convened for 18 September 2018 (the "Meeting") for that purpose. Subject to her appointment being approved at the Meeting, it will take effect immediately on 18 September 2018 when the resolution has been passed. Further announcements will be made to confirm when the notice of the Meeting has been despatched to shareholders, and also following the Meeting to confirm the outcome of the resolution to approve the appointment.

Carolyn Bradley's appointment to the Board on 15 November 2018 is being made by the Board to fill the vacancy in the office of a Director following Harry Brouwer's retirement on 14 November 2018, as permitted under Luxembourg law and the Articles of Association of the Company. 

The Company makes this announcement in accordance with LR9.6.11R of the Listing Rules. There are no other matters to be disclosed under LR9.6.13R in relation to either of the appointments of Tiffany Hall or Carolyn Bradley.

Enquiries

B&M European Value Retail S.A.

For further information please contact +44 (0) 151 728 5400

Simon Arora, Chief Executive Officer


Paul McDonald, Chief Financial Officer

Steve Webb, Investor Relations Director

Investor.relations@bandmretail.com

Media

For media please contact +44 (0) 207 379 5151

Maitland


Daniel Yea

bmstores-maitland@maitland.co.uk