TIDMBRBY
RNS Number : 0435L
Burberry Group PLC
13 July 2017
BURBERRY GROUP PLC
(the "Company")
Result of Annual General Meeting 2017
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.
The Board has proactively consulted with Burberry shareholders
on remuneration matters both during the year and in the recent
weeks leading up to today's Annual General Meeting.
We would like to thank our shareholders for their support for
Resolution 2 (the Directors' Remuneration Policy) and are pleased
that as a result of this extensive ongoing dialogue it received a
vote of 93.40% in favour of the resolution. This reflects support
for the Policy changes made during the year to reduce overall
headline quantum, incorporate best practice features and ensure
long term alignment with shareholders.
The Board would also like to thank our shareholders for their
support for Resolution 3 (the Remuneration Report) which received a
vote of 68.52% in favour of the resolution. The Board took
proactive measures to address concerns around the 2016/17
Remuneration Report following its publication. With the interests
of shareholders and the Company in mind, and with the support of
Julie Brown, on 26 June 2017 we announced her decision to waive a
portion of her buy-out award and 75% of her 2016/17 EPS award. We
also provided additional information on the assessment of
performance for Christopher Bailey's 2014 Exceptional
performance-based share award on our website.
We appreciate the importance of shareholder alignment on
remuneration matters and would like to thank our shareholders for
the time they have invested with us. We will continue to build on
the constructive dialogue we have established, and will give full
consideration to their feedback in our decision-making over the
upcoming year.
Resolutions 1 to 19 were proposed as Ordinary Resolutions and
resolutions 20 to 22 as Special Resolutions. The results were as
follows:
Resolution Votes % Votes % Total Total Votes
For* Against votes votes Withheld***
validly cast
cast as
% of
issued
share
capital**
----------------------------- ------------ ------- ------------ ------ ------------ ----------- -------------
To receive
the Company's
Annual Report
and Accounts
for the financial
year ended
31 March
1 2017. 337,814,486 99.63 1,255,417 0.37 339,069,903 77.87% 44,511
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To approve
the Directors'
Remuneration
2 Policy. 315,538,767 93.40 22,283,872 6.60 337,822,639 77.58% 1,291,775
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To approve
the Director's
Remuneration
Report for
the year
ended 31
3 March 2017. 226,928,117 68.52 104,241,135 31.48 331,169,252 76.06% 7,945,162
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To declare
a final dividend
of 28.4p
per ordinary
share for
the year
ended 31
4 March 2017. 339,092,583 100.00 115 0.00 339,092,698 77.87% 21,716
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To re-elect
Sir John
Peace as
a director
5 of the Company. 308,597,110 91.36 29,199,958 8.64 337,797,068 77.58% 1,317,346
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To re-elect
Fabiola Arredondo
as a director
6 of the Company. 324,040,000 95.87 13,962,754 4.13 338,002,754 77.62% 1,111,660
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To re-elect
Philip Bowman
as a director
7 of the Company. 325,762,550 97.55 8,167,128 2.45 333,929,678 76.69% 5,184,736
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To re-elect
Ian Carter
as a director
8 of the Company. 324,781,587 96.18 12,889,826 3.82 337,671,413 77.55% 1,443,001
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To re-elect
Jeremy Darroch
as a director
9 of the Company. 333,826,189 98.76 4,180,001 1.24 338,006,190 77.63% 1,108,224
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To re-elect
Stephanie
George as
a director
10 of the Company. 316,894,813 93.85 20,777,778 6.15 337,672,591 77.55% 1,441,823
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To re-elect
Matthew Key
as a director
11 of the Company. 336,345,862 99.51 1,660,208 0.49 338,006,070 77.63% 1,108,344
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To re-elect
Dame Carolyn
McCall as
a director
12 of the Company. 336,302,410 99.50 1,704,768 0.50 338,007,178 77.63% 1,107,236
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To re-elect
Christopher
Bailey as
a director
13 of the Company. 335,716,904 99.02 3,306,561 0.98 339,023,465 77.86% 90,949
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To elect
Julie Brown
as a director
14 of the Company. 333,317,858 98.31 5,712,852 1.69 339,030,710 77.86% 83,704
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To elect
Marco Gobbetti
as a director
15 of the Company. 336,861,095 99.36 2,165,020 0.64 339,026,115 77.86% 88,299
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To reappoint
PricewaterhouseCoopers
LLP as Auditors
16 of the Company. 333,611,326 98.38 5,476,594 1.62 339,087,920 77.87% 26,494
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To authorise
the Audit
Committee
of the Company
to determine
the Auditors'
17 remuneration. 338,806,369 99.92 280,710 0.08 339,087,079 77.87% 26,847
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To authorise
political
donations
by the Company
18 and its subsidiaries. 336,096,955 99.56 1,495,861 0.44 337,592,816 77.53% 1,521,415
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To authorise
the directors
to allot
19 shares. 338,203,365 99.74 875,635 0.26 339,079,000 77.87% 35,231
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To renew
the directors'
authority
to disapply
pre-emption
20 rights. 337,961,301 99.67 1,113,604 0.33 339,074,905 77.87% 39,326
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To authorise
the Company
to purchase
its own ordinary
21 shares. 333,785,836 98.49 5,129,209 1.51 338,915,045 77.83% 199,186
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
To authorise
the directors
to call general
meetings
(other than
an AGM) on
not less
than 14 clear
22 days' notice. 317,391,258 94.01 20,232,907 5.99 337,624,165 77.54% 1,490,065
--- ------------------------ ------------ ------- ------------ ------ ------------ ----------- -------------
Notes:
* Includes discretionary votes.
** Excluding treasury shares.
*** 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 13 July 2017, the issued share capital of the Company consisted
of 438,382,404 ordinary shares (including treasury shares). The
Company held 2,949,066 shares in Treasury, which do not carry any
voting rights. Therefore, the total number of voting rights in
Burberry Group plc as at 13 July 2017 are 435,433,338. 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: http://www.morningstar.co.uk/uk/nsm
13 July 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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