Last checked at 15 Jul 2020 12:49
BURBERRY GROUP PLC
(the "Company")
Result of Annual General Meeting 2020
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 28 March 2020. | 328,783,085 | 99.95 | 158,737 | 0.05 | 328,941,822 | 81.28% | 293,372 |
2. | To approve the Directors' Remuneration Policy. | 305,504,279 | 94.91 | 16,370,393 | 5.09 | 321,874,672 | 79.53% | 7,360,521 |
3. | To approve the Directors' Remuneration Report for the year ended 28 March 2020. | 324,755,420 | 99.26 | 2,429,784 | 0.74 | 327,185,204 | 80.84% | 2,049,990 |
4. | To re-elect Dr Gerry Murphy as a Director of the Company. | 327,997,792 | 99.68 | 1,060,035 | 0.32 | 329,057,827 | 81.31% | 177,368 |
5. | To re-elect Marco Gobbetti as a Director of the Company. | 329,024,673 | 99.99 | 33,887 | 0.01 | 329,058,560 | 81.31% | 176,635 |
6. | To re-elect Julie Brown as a Director of the Company. | 328,579,971 | 99.85 | 479,154 | 0.15 | 329,059,125 | 81.31% | 176,070 |
7. | To re-elect Fabiola Arredondo as a Director of the Company. | 329,020,181 | 99.99 | 35,476 | 0.01 | 329,055,657 | 81.31% | 179,538 |
8. | To elect Sam Fischer as a Director of the Company. | 329,020,436 | 99.99 | 35,179 | 0.01 | 329,055,615 | 81.31% | 179,580 |
9. | To re-elect Ron Frasch as a Director of the Company. | 329,016,632 | 99.99 | 40,629 | 0.01 | 329,057,261 | 81.31% | 177,934 |
10. | To re-elect Matthew Key as a Director of the Company. | 329,021,406 | 99.99 | 34,547 | 0.01 | 329,055,953 | 81.31% | 179,242 |
11. | To elect Debra Lee as a Director of the Company. | 329,019,378 | 99.99 | 38,393 | 0.01 | 329,057,771 | 81.31% | 177,424 |
12. | To re-elect Dame Carolyn McCall as a Director of the Company. | 328,945,807 | 99.97 | 112,223 | 0.03 | 329,058,030 | 81.31% | 177,165 |
13. | To re-elect Orna NíChionna as a Director of the Company. | 323,042,280 | 99.86 | 459,408 | 0.14 | 323,501,688 | 79.93% | 5,733,507 |
14. | To appoint Ernst & Young LLP as auditor of the Company. | 327,905,558 | 99.65 | 1,159,102 | 0.35 | 329,064,660 | 81.31% | 170,535 |
15. | To authorise the Audit Committee of the Company to determine the auditor's remuneration for the year ended 27 March 2021. | 329,051,638 | 100.00 | 14,867 | 0.00 | 329,066,505 | 81.31% | 168,690 |
16. | To approve, adopt and establish a new discretionary employee share plan, the Burberry Share Plan 2020 (the BSP). | 314,211,094 | 95.49 | 14,838,619 | 4.51 | 329,049,713 | 81.31% | 185,480 |
17. | To authorise political donations by the Company and its subsidiaries. | 324,509,734 | 98.62 | 4,544,231 | 1.38 | 329,053,965 | 81.31% | 181,230 |
18. | To authorise the Directors to allot shares. | 326,550,318 | 99.24 | 2,502,536 | 0.76 | 329,052,854 | 81.31% | 182,341 |
19. | To renew the Directors' authority to disapply pre-emption rights. (Special Resolution) | 328,574,673 | 99.85 | 479,909 | 0.15 | 329,054,582 | 81.31% | 180,613 |
20. | To authorise the Company to purchase its own ordinary shares. (Special Resolution) | 324,703,867 | 98.74 | 4,158,212 | 1.26 | 328,862,079 | 81.26% | 373,114 |
21. | To authorise the Directors to call general meetings (other than an AGM) on not less than 14 clear days' notice. (Special Resolution) | 315,230,272 | 95.80 | 13,833,253 | 4.20 | 329,063,525 | 81.31% | 171,669 |
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.
Every shareholder has one vote for every ordinary share held. As at 6.30pm on 13 July 2020, the issued share capital of the Company consisted of 404,708,566 ordinary shares. The Company held no shares in Treasury. Therefore, the total number of voting rights in Burberry Group plc as at 13 July 2020 was also 404,708,566. 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
Retirement
As previously notified, the Company confirms that, Jeremy Darroch did not stand for re-election and retired as a Director following the conclusion of the Annual General Meeting.
15 July 2020