Business
RESULTS OF AGM
RESULTS OF AGM.
About this update from Dfs Furniture Plc
10 November 202 3 DFS Furniture PLC RESULTS OF ANNUAL GENERAL MEETING DFS Furniture PLC (the " Company ") announces that all of the resolutions set out in the notice of Annual General Meeting dated 10 November 202 3 were duly passed at today's Annual General Meeting. In accordance with the Listing Rule 9.6.2, a copy of all resolutions passed at the meeting (not relating to ordinary business) has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism The Board recognises the lower levels of support for resolution 3 to approve the Remuneration Report 70.5%. The Board is committed to maintaining the dialogue with shareholders in order to understand any ongoing concerns they may have around executive remuneration. This process will be led by the Chair of the Remuneration Committee, Gill Barr, who will meet with shareholders over the coming months to better understand their views ahead of a full remuneration policy review later in the year. The Board is committed to ensuring a rigorous and transparent remuneration approach which is fully aligned with both our stakeholders and best practice. In accordance with the UK Corporate Governance Code we will provide an update on progress within the next six months. Details of the votes cast were as follows: Resolution For (including discretionary) % Against % Total % of ISC voted Withheld* 1. Receive and adopt the 202 3 Annual Report and Accounts 213,396,641 100.00 0 0.00 213,396,641 91.14% 1,800 2. Declare final dividend of 3.0 pence per ordinary share 213,398,441 100.00 0 0.00 213,398,441 91.14% 0 3. Approve the Directors' Remuneration Report 150,434,822 70.50 62,961,819 29.50 213,396,641 91.14% 1,800 4. Re-Elect Tim Stacey 213,385,955 99.99 12,454 0.01 213,398,409 91.14% 32 5. Elect John Fallon 213,389,663 100.00 8,746 0.00 213,398,409 91.14% 32 6. Re-elect Alison Hutchinson 210,397,903 98.59 3,000,506 1.41 213,398,409 91.14% 32 7. Re-Elect Jo Boydell 210,397,494 98.59 3,000,915 1.41 213,398,409 91.14% 32 8 . Re-Elect Steve Johnson 210,397,523 98.59 3,000,886 1.41 213,398,409 91.14% 32 9 . Re-elect Loraine Martins 210,407,464 98.60 2,990,945 1.40 213,398,409 91.14% 32 10 . Elect Gill Barr 191,437,213 89.71 21,961,196 10.29 213,398,409 91.14% 32 11 Re-appoint KPMG LLP as auditor 213,380,113 99.99 18,295 0.01 213,398,408 91.14% 33 12. Authorise the Audit Committee to agree the auditor's remuneration 213,381,677 99.99 16,731 0.01 213,398,408 91.14% 33 1 3 . Directors' authority to allot shares 213,374,969 99.99 23,440 0.01 213,398,409 91.14% 32 1 4 . General authority to dis-apply pre-emption right** 213,387,287 99.99 11,122 0.01 213,398,409 91.14% 32 15 . Limited authority to dis-apply pre-emption right for the purposes of acquisitions or capital investments** 213,387,287 99.99 11,122 0.01 213,398,409 91.14% 32 16 . Authorise the Company to purchase its ordinary shares** 213,387,957 100.00 10,452 0.00 213,398,409 91.14% 32 17 Authorise calling general meetings on not less than 14 clear days' notice** 213,151,454 99.88 246,955 0.12 213,398,409 91.14% 32 * A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution. ** Indicates special resolutions requiring a 75% majority. In accordance with 9.6.2 (R) of the Listing Rules, copies of the resolutions passed at the AGM, other than those concerning ordinary business, will be submitted to the UK Listing Authority and will in due course be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism A copy of the Annual General Meeting results will be available on the DFS corporate website https://www.dfscorporate.co.uk/ Enquiries: DFS Liz McDonald (Group Company Secretary) About DFS Furniture plc The Group is the clear market-leading retailer of living room furniture in the United Kingdom. Our Group purpose is to bring great design and comfort into every living room, in an affordable, responsible and sustainable manner. We operate an integrated physical and digital retail network of living room furniture showrooms and web sites in the United Kingdom and the Republic of Ireland, trading through our leading brands, DFS and Sofology. We attract customers through our targeted and national marketing activities and our reputation for high quality products and service, breadth of product offer and favourable consumer financing options. We fulfil orders for our exclusive product ranges through our own UK finished goods factories, and through manufacturing partners located in the UK, Europe and Far East, and delivered with care through our expert final-mile delivery service "The Sofa Delivery Company Limited".