2 Aug 2016 07:00
2 August 2016
B&M European Value Retail S.A.
Results of AGM & EGM
AGM
All resolutions proposed at the Annual General Meeting of the Company held on 29 July 2016 were passed on a poll by shareholders. The results of the poll were as follows.
VOTES FOR
| % | VOTES AGAINST | % | VOTES TOTAL | % of ISC VOTED | VOTES WITHHELD | ||
1 | To receive the Directors Report on the Annual Accounts of the Company for the year ended March 2016
| 835,976,364 | 99.97 | 249,000 | 0.03 | 836,225,364 | 83.62 | 299,767 |
2 | To receive the consolidated and unconsolidated Financial Statements and Annual Accounts for the financial year ended March 2016 and the Auditor's Reports thereon
| 836,255,129 | 100 | 0 | 0 | 836,255,129 | 83.63 | 270,002 |
3 | To approve the consolidated Financial Statements and Annual Accounts of the Company for the year ended 26 March 2016
| 836,255,129 | 100 | 0 | 0 | 836,255,129 | 83.63 | 270,002 |
4 | To approve the unconsolidated Financial Statements and Annual Accounts of the Company for the year ended 31 March 2016
| 836,255,429 | 100 | 0 | 0 | 836,255,429 | 83.63 | 269,702 |
5 | To approve the result of the Company for the year ended 31 March 2016 and allocation
| 836,255,429 | 100 | 0 | 0 | 836,255,429 | 83.63 | 269,702 |
6 | To approve the total dividend of the Company for the year ended 31 March 2016
| 836,524,831 | 100 | 0 | 0 | 836,524,831 | 83.65 | 300 |
7
| To credit the legal reserve in full from the share premium account | 836,524,831 | 100 | 0 | 0 | 836,524,831 | 83.65 | 300 |
8
| To approve the annual report on the Directors' Remuneration for the year ended March 2016
| 830,714,276 | 99.41 | 4,964,369 | 0.59 | 835,678,645 | 83.57 | 846,486 |
9 | To discharge the Directors for the year ended 31 March 2016
| 835,085,714 | 100 | 0 | 0 | 835,085,714 | 83.51 | 1,439,417 |
10 | To re-elect Sir Terry Leahy as a Director
| 769,367,025 | 91.97 | 67,158,106 | 8.03 | 836,525,131 | 83.65 | 0 |
11 | To re-elect Simon Arora as a Director
| 771,853,047 | 92.27 | 64,672,084 | 7.73 | 836,525,131 | 83.65 | 0 |
12 | To re-elect David Novak as a Director
| 771,985,386 | 92.28 | 64,539,745 | 7.72 | 836,525,131 | 83.65 | 0 |
13 | To re-elect Paul McDonald as a Director
| 771,919,509 | 92.28 | 64,605,622 | 7.72 | 836,525,131 | 83.65 | 0 |
14 | To re-elect Thomas Hübner as a Director
| 836,233,309 | 99.97 | 291,822 | 0.03 | 836,525,131 | 83.65 | 0 |
15 | To re-elect Kathleen Guion as a Director
| 836,233,309 | 99.97 | 291,822 | 0.03 | 836,525,131 | 83.65 | 0 |
16 | To re-elect Ron McMillan as a Director | 835,428,631 | 99.87 | 1,096,500 | 0.13 | 836,525,131 | 83.65 | 0 |
17 | To re-elect Harry Brouwer as a Director
| 836,233,309 | 99.97 | 291,822 | 0.03 | 836,525,131 | 83.65 | 0 |
18 | To re-elect Thomas Hübner as a Director, provided that resolution 14 is passed - independent shareholders approval
| 512,251,653 | 99.94 | 291,822 | 0.06 | 512,543,475 | 51.25 | 300 |
19 | To re-elect Kathleen Guion as a Director, provided that resolution 15 is passed - independent shareholders approval | 512,251,653 | 99.94 | 291,822 | 0.06 | 512,543,475 | 51.25 | 300 |
20 | To re-elect Ron McMillan as a Director, provided that resolution 16 is passed - independent shareholders approval
| 512,243,721 | 99.94 | 299,754 | 0.06 | 512,543,475 | 51.25 | 300 |
21 | To re-elect Harry Brouwer as a Director, provided that resolution 17 is passed - independent shareholders approval
| 512,163,193 | 99.93 | 380,282 | 0.07 | 512,543,475 | 51.25 | 300 |
22 | To discharge the Independent Auditor for the year ended 31 March 2016
| 835,086,014 | 100 | 0 | 0 | 835,086,014 | 83.51 | 1,439,117 |
23 | To appoint KPMG Luxembourg Société Coopérative as Independent Auditor of the Company
| 836,525,131 | 100 | 0 | 0 | 836,525,131 | 83.65 | 0 |
24
| To authorise the Directors to determine the Independent Auditor's remuneration
| 836,525,131 | 100 | 0 | 0 | 836,525,131 | 83.65 | 0 |
25 | To authorise the Company to make market purchases of its ordinary shares
| 834,362,244 | 99.80 | 1,696,244 | 0.20 | 836,058,488 | 83.61 | 466,643 |
26 | To confirm the Directors have full power to issue shares on a non-pre-emptive basis for cash representing 5% of the issued share capital as provided by the Articles of Association and to acknowledge the Directors' intention to comply with the Pre-Emption Group's revised Guidelines on Dis-applying Pre-Emption Rights (issued in March 2015) to the extent practical for a Luxembourg company
| 836,524,831 | 99.99 | 300 | 0.01 | 836,525,131 | 83.65 | 0 |
EGM
All resolutions proposed at the Extraordinary General Meeting of the Company held on 29 July 2016 were passed on a poll by shareholders. The results of the poll were as follows.
VOTES FOR
| % | VOTES AGAINST | % | VOTES TOTAL | % of ISC VOTED | VOTES WITHHELD | ||
1 | To amend article 5.2 of the Articles of Association of the Company
| 776,715,313 | 91.62 | 71,058,937 | 8.38 | 847,774,250 | 84.78 | 4,000 |
2.
| To confirm the Directors have full power to issue shares on a non-pre-emptive basis for cash representing 10% of the issued share capital as provided by the amended Articles of Association and to acknowledge the Directors' intention to comply with the Pre-Emption Group's revised Guidelines on Dis-applying Pre-Emption Rights (issued in March 2015) to the extent practical for a Luxembourg company
| 776,552,588 | 91.60 | 71,221,362 | 8.40 | 847,773,950 | 84.78 | 4,300 |
The results of the poll will also be posted on the Company's website at www.bandmretail.com/investors/agm.aspx and www.bandmretail.com/investors/egm.aspx
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.
The total number of shares in issue of the Company at the date of the AGM & EGM was 1,000,000,000 ordinary shares.
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
Investor.relations@bandmretail.com
B&M (BME)