Last checked at 12 Jul 2022 16:32
BURBERRY GROUP PLC
(the "Company")
Result of Annual General Meeting 2022
The Company announces the results of voting at its Annual General Meeting held earlier today and confirms that all resolutions were passed with majorities as set out below. All resolutions were taken on a poll.
Resolutions 1 to 18 were proposed as Ordinary Resolutions and resolutions 19 to 21 as Special Resolutions. The results were as follows:
Resolution | Votes For* | % | Votes Against | % | Total votes validly cast | Total votes cast as % of issued share capital** | Votes Withheld** | |
1. | To receive the Company's Annual Report and Accounts for the year ended 2 April 2022. | 325,302,101 | 99.99 | 34,436 | 0.01 | 325,336,537 | 81.58% | 1,950,163 |
2. | To approve the Directors' Remuneration Report for the year ended 2 April 2022. | 304,409,889 | 93.81 | 20,097,041 | 6.19 | 324,506,930 | 81.37% | 2,779,770 |
3. | To declare a final dividend for the year ended 2 April 2022. | 327,283,144 | 100.00 | 372 | 0.00 | 327,283,516 | 82.07% | 3,184 |
4. | To re-elect Dr Gerry Murphy as a Director of the Company. | 322,290,859 | 98.98 | 3,331,034 | 1.02 | 325,621,893 | 81.65% | 1,664,807 |
5. | To elect Jonathan Akeroyd as a Director of the Company. | 327,143,743 | 99.96 | 126,589 | 0.04 | 327,270,332 | 82.06% | 16,368 |
6. | To re-elect Julie Brown as a Director of the Company. | 325,982,046 | 99.61 | 1,289,283 | 0.39 | 327,271,329 | 82.06% | 15,371 |
7. | To re-elect Orna NíChionna as a Director of the Company. | 315,542,730 | 96.90 | 10,104,293 | 3.10 | 325,647,023 | 81.66% | 1,639,677 |
8. | To re-elect Fabiola Arredondo as a Director of the Company. | 324,442,994 | 99.14 | 2,825,638 | 0.86 | 327,268,632 | 82.06% | 18,068 |
9. | To re-elect Sam Fischer as a Director of the Company. | 324,440,281 | 99.14 | 2,829,878 | 0.86 | 327,270,159 | 82.06% | 16,541 |
10. | To re-elect Ron Frasch as a Director of the Company. | 324,062,200 | 99.02 | 3,207,715 | 0.98 | 327,269,915 | 82.06% | 16,785 |
11. | To elect Danuta Gray as a Director of the Company. | 327,064,077 | 99.94 | 204,748 | 0.06 | 327,268,825 | 82.06% | 17,875 |
12. | To re-elect Matthew Key as a Director of the Company. | 324,442,336 | 99.14 | 2,827,651 | 0.86 | 327,269,987 | 82.06% | 16,713 |
13. | To re-elect Debra Lee as a Director of the Company. | 321,341,831 | 98.19 | 5,928,988 | 1.81 | 327,270,819 | 82.06% | 15,881 |
14. | To re-elect Antoine de Saint-Affrique as a Director of the Company. | 210,688,170 | 66.16 | 107,752,657 | 33.84 | 318,440,827 | 79.85% | 8,845,873 |
15. | To re-appoint Ernst & Young LLP as auditor of the Company. | 325,588,409 | 99.49 | 1,681,476 | 0.51 | 327,269,885 | 82.06% | 16,815 |
16. | To authorise the Audit Committee of the Company to determine the auditor's remuneration for the year ended 1 April 2023. | 327,257,846 | 99.99 | 23,102 | 0.01 | 327,280,948 | 82.07% | 5,752 |
17. | To authorise political donations by the Company and its subsidiaries. | 322,167,879 | 98.44 | 5,098,818 | 1.56 | 327,266,697 | 82.06% | 20,003 |
18. | To authorise the Directors to allot shares. | 321,532,320 | 98.25 | 5,735,600 | 1.75 | 327,267,920 | 82.06% | 18,780 |
19. | To renew the Directors' authority to disapply pre-emption rights. (Special Resolution) | 325,234,967 | 99.38 | 2,033,429 | 0.62 | 327,268,396 | 82.06% | 18,304 |
20. | To authorise the Company to purchase its own ordinary shares. (Special Resolution) | 324,934,436 | 99.34 | 2,153,427 | 0.66 | 327,087,863 | 82.02% | 198,837 |
21. | To authorise the Directors to call general meetings (other than an AGM) on not less than 14 clear days' notice. (Special Resolution) | 314,087,732 | 95.97 | 13,192,261 | 4.03 | 327,279,993 | 82.06% | 6,707 |
Resolution 14 - re-election of Antoine de Saint-Affrique as a Director of the Company
The Board is pleased that Resolution 14 relating to Antoine de Saint-Affrique's re-election to the Board was supported.
The Board is aware that some shareholders were not able to support his re-election at this time due to concerns about the potential impact of his other listed directorships on his ability to commit sufficient time to Burberry. Antoine's experience and skills enable him to bring a particularly valuable lens to bear in discussing Board issues. He has consistently demonstrated his commitment to Burberry since his appointment in addition to the formal meetings, Antoine has attended a number of other ad hoc meetings during the course of the year. The Board believes that Antoine is able to continue to devote sufficient time to discharge his duties as a Non-Executive Director of Burberry.
The Board will continue to engage with shareholders to understand and respond to their views on this and other matters.
Notes:
* Includes discretionary votes.
** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
As at 6.30pm on 8 July 2022, the issued share capital of the Company consisted of 404,858,869 ordinary shares. The Company holds 6,052,720 shares in Treasury. Shareholders are entitled to one vote for every ordinary share held.
In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
12 July 2022