Business
Update statement on 2025 AGM voting results
B&M European Value Retail S.A. reported that all resolutions were passed at its 2025 Annual General Meeting, with most receiving over 95% shareholder support. However, resolutions 21 and 22, which authorize the board to issue shares up to 10% and an additional 10% on a non-pre-emptive basis respectively, saw some shareholder opposition. The company is engaging with these shareholders to understand their concerns and will review its approach to pre-emption rights, balancing stakeholder interests, with further updates expected in the FY26 Annual Report. Disclaimer*
About this update from B&m European Value Retail Plc
[{"type":"text","content":"\n\nB&M European Value Retail S.A.\nSociété Anonyme\nRegistered office: 3, rue Gabriel Lippmann, L-5365 Munsbach,\nGrand-Duchy of Luxembourg\nRCS Luxembourg B 187275\n \n (the \"Company\")\n \n\n \n22 January 2026\n \n \nUpdate statement relating to the voting results of the 2025 Annual General Meeting\n \nOur Board of Directors would like to express its thanks to our shareholders for their continued support of B&M, including through their high levels of participation in the Company's Annual General Meeting held on 22 July 2025 (\"2025 AGM\").\n \nWe were pleased that all resolutions were passed at our 2025 AGM, with most of them supported by over 95% of shareholders' votes cast. It was noted that certain shareholders voted against the Board's recommendation in relation to resolution 21 and resolution 22, which, in line with the Statement of Principles on Dis-applying Pre-Emption Rights most recently published by the Pre-Emption Group, authorise the Board to (i) issue shares representing up to 10% of the issued share capital on a non-pre-emptive basis; and (ii) issue shares representing up to an additional 10% of the issued share capital on a non-pre-emptive basis for capital investments.\n \nThe views of our shareholders are a critical component in our approach to good corporate governance. As such, the Company subsequently engaged with these shareholders to ensure their views are fully understood with respect to these changes and their concerns are taken into consideration by the Board in future determinations in these matters. We are continuing our dialogue with shareholders and will be reviewing the Company's approach to pre-emption as an outcome of those discussions, while also being mindful to ensure that the Company's approach to the disapplication of pre-emption rights continues to balance the long-term interests of the Company, its shareholders and all stakeholders.\n \nFurther updates on this and other shareholder engagement activities will be included in our FY26 Annual Report and Accounts, which will be published after the release of the Company's full-year results in summer 2026.\n \n \nEnquiries\n \nB&M European Value Retail S.A.\nFor further information please contact: +44 (0) 151 728 5400 Ext. 6363\nAlex Simpson, General Counsel\nAndrew ...