Burberry Group PLC 2024 Annual General Meeting Voting Outcome Update
17 January 2025 - 3:25AM
RNS Regulatory News
RNS Number : 6604T
Burberry Group PLC
16 January 2025
BURBERRY GROUP
PLC
(the
"Company")
2024 Annual General Meeting
Voting Outcome Update
As announced on 16 July 2024,
Burberry Group plc received more than 20% votes against Resolution
11, the re-election of Antoine de Saint-Affrique as a Director of
the Company at the 2024 Annual General Meeting ("AGM").
Through ongoing shareholder
engagement, the Board understands that certain shareholders voted
against Mr de Saint-Affrique's re-election due to concerns about
the number of his other listed directorships and the potential
impact on his time commitment to Burberry. The Company has
therefore continued to engage with significant shareholders who
opposed the re-election to discuss their concerns.
Mr de Saint-Affrique
has consistently demonstrated his ability to
fulfil his obligations as a Director including during exceptionally
demanding periods and the Board continues to believe that he has
the capacity to devote sufficient time to effectively discharge his
duties.
On 18 December 2024, the Company
announced that Mr de Saint-Affrique will retire from the Board as a
Non-Executive Director following the AGM to be held in July 2025.
As such, the Company believes that the matter has been resolved and
will not continue to consult shareholders on this
topic.
The Board continues to be committed
to shareholder engagement and any shareholders wishing to discuss
this or any other topic with the Chair can do so by contacting the
Company Secretary. A final update will be provided in the
Annual Report and Accounts 2024/25.
16 January 2025
Enquiries
|
Investors and analysts
|
|
|
Lauren Wu Leng
|
Head of Investor
Relations
|
020 3425 2007
Lauren.Wuleng@burberry.com
|
|
|
|
|
This announcement does not
constitute an invitation to underwrite, subscribe for or otherwise
acquire or dispose of any Burberry Group plc shares, in the UK, or
in the US, or under the US Securities Act 1933 or in any other
jurisdiction.
Burberry is listed on the London
Stock Exchange (BRBY.L) and is a constituent of the FTSE 250 index.
ADR symbol OTC:BURBY.
BURBERRY, the Equestrian Knight
Device, the Burberry Check and the Thomas Burberry Monogram and
Print are trademarks belonging to Burberry.
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END
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