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B&M European Value Retail S.A. announced on 23 July 2025 that all resolutions proposed at its Annual General Meeting held on 22 July 2025 were passed. Shareholders approved the annual and consolidated financial statements for the year ended March 2025, the total dividend, re-election of all Directors, re-appointment of KPMG Audit S.à r.l. as Independent Auditor, and authorization for market purchases of up to 10% of ordinary shares. Resolutions 21 and 22, authorizing the Board to issue ordinary shares on a non-pre-emptive basis for up to 10% and a further 10% of issued share capital, passed with 77.16% and 72.98% of votes respectively, with the Company committing to engage with shareholders and provide an update within six months.
| Date | 23 Jul 2025 |
| Time | 09:00:00 |
| Category | AGMs and other meetings |
| ID | 2152S |
23 July 2025
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 22 July 2025
The Company is pleased to announce that all resolutions proposed at the Annual General Meeting of the Company held on 22 July 2025 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 2025. |
NO VOTES REQUIRED |
|||||||
|
2 |
To receive the annual accounts and Financial Statements of the Company and of the Group for the financial year ended March 2025 and the Auditor's Reports thereon. |
NO VOTES REQUIRED |
|||||||
|
3 |
To approve the Annual Accounts and Financial Statements of the Company for the year ended 31 March 2025. |
744,123,873 |
99.9996 |
3,243 |
0.0004 |
744,127,116 |
74.13 |
74.13 |
3,298,159 |
|
4 |
To approve the consolidated Annual Accounts and Financial Statements of the Company for the year ended 29 March 2025. |
744,121,117 |
99.9995 |
3,999 |
0.0005 |
744,125,116 |
74.13 |
74.13
|
3,300,159 |
|
5 |
To approve the result of the Company for the year ended 31 March 2025 its proposed and allocation. |
747,411,861 |
99.9995 |
3,955 |
0.0005 |
747,415,816 |
74.46 |
74.46 |
9,459 |
|
6 |
To approve the total dividend of the Company for the year ended 31 March 2025. |
747,421,787 |
99.9996 |
3,323 |
0.0004 |
747,425,110 |
74.46 |
74.46 |
165 |
|
7
|
To approve the annual report on the Directors' Remuneration. |
712,573,451 |
95.76 |
31,531,465 |
4.24 |
744,104,916 |
74.13 |
74.13 |
3,320,359 |
|
8 |
To discharge each of the Directors for the financial year ended 31 March 2025. |
743,764,252 |
99.71 |
2,170,459 |
0.29 |
745,934,711 |
74.31 |
74.31 |
1,490,564 |
|
9 |
To re-elect Tiffany Hall. |
732,749,723 |
98.04 |
14,666,458 |
1.96 |
747,416,181 |
74.46 |
74.46 |
9,094 |
|
10 |
To ratify the appointment of and to re-elect Tjeerd Jegen. |
741,115,830 |
99.16 |
6,306,121 |
0.84 |
747,421,951 |
74.46 |
74.46 |
3,324 |
|
11 |
To re-elect Michael Schmidt as a Director. |
739,541,429 |
98.95 |
7,878,229 |
1.05 |
747,419,658 |
74.46 |
74.46 |
5,617 |
|
12 |
To re-elect as Oliver Tant as a Director. |
717,533,741 |
96 |
29,885,917 |
4 |
747,419,658 |
74.46 |
74.46 |
5,617 |
|
13 |
To re-elect Paula MacKenzie as a Director. |
736,103,798 |
98.49 |
11,312,383 |
1.51 |
747,416,181 |
74.46 |
74.46 |
9,094 |
|
14 |
To re-elect Hounaïda Lasry as a Director. |
721,594,175 |
96.55 |
25,822,006 |
3.45 |
747,416,181 |
74.46 |
74.46 |
9,094 |
|
15 |
To re-elect Nadia Shouraboura as a Director. |
721,591,425 |
96.54 |
25,824,756 |
3.46 |
747,416,181 |
74.46 |
74.46
|
9,094 |
|
16 |
To re-elect Euan Sutherland as a Director. |
724,908,078 |
97.23 |
20,635,139 |
2.77 |
745,543,217 |
74.27 |
74.27 |
1,882,058 |
|
17. |
To discharge the Independent Auditor for the year ended 31 March 2025. |
741,506,062 |
99.41 |
4,430,369 |
0.59 |
745,936,431 |
74.31 |
74.31 |
1,488,844 |
|
18. |
To re-appoint KPMG Audit S.à r.l. as Independent Auditor of the Company. |
745,331,601 |
99.72 |
2,084,189 |
0.28 |
747,415,790 |
74.46 |
74.46 |
9,485 |
|
19 |
To authorise the Directors to set the Independent Auditor's remuneration. |
747,392,135 |
99.997 |
20,665 |
0.003 |
747,412,800 |
74.46 |
74.46 |
12,475 |
|
20
|
To authorise the Company to make market purchases of its ordinary shares up to 10% of its ordinary issued shares. |
740,644,374 |
99.15 |
6,365,290 |
0.85 |
747,009,664 |
74.42 |
74.42 |
415,611 |
|
21 |
To confirm the Board of Directors have full power to issue ordinary shares on a non-pre-emptive basis for cash representing 10% of the issued share capital of the Company generally, as provided by the Articles of Association and to acknowledge the Directors' intention to comply with the Statement of Principles on Dis-applying Pre-Emption Rights, to the extent practical for a Luxembourg company. |
576,690,756 |
77.16 |
170,700,209 |
22.84 |
747,390,965 |
74.45 |
74.46 |
34,310 |
|
22 |
To confirm the Board of Directors have full power, in addition to any authority granted under resolution 21, to issue ordinary shares on a non-pre-emptive basis, for cash representing a further 10% of the issued share capital of the Company for the purposes of financing an acquisition or a capital investment (or refinancing such a transaction) as defined in the Statement of Principles on Dis-Applying Pre--Emption Rights. |
545,414,109 |
72.98 |
201,972,817 |
27.02 |
747,386,926 |
74.45 |
74.45 |
38,349 |
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 8 July 2025, the total number of voting rights (TVR) was 1,002,813,610 and the total number of shares in issue was 1,003,821,871 (ISC).
The Company notes that a significant number of votes were cast against the Board's recommendation in respect of resolutions 21 and 22.
The Board takes the outcome of shareholder votes seriously and will engage with shareholders and shareholder advisory bodies to ensure their views are understood. In accordance with the UK Corporate Governance Code, the Company will provide an update on this engagement within 6 months of the 2025 Annual General Meeting, as well as a final summary in the Company's 2026 Annual Report.
Enquiries
B&M European Value Retail S.A.
For further information please contact +44 (0) 151 728 5400 or investor.relations@bandmretail.com
Tjeerd Jegen, 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 777 stores in the UK operating under the "B&M" brand, 343 stores under the "Heron Foods" and "B&M Express" brands, and 135 stores in France also operating under the "B&M" brand as at 29 March 2025.
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 .