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LUXEMBOURG - B&M European Value Retail S.A. (LON:BMEB) announced Thursday it is reviewing its approach to pre-emption rights following shareholder feedback on two resolutions passed at its July 2025 annual general meeting.
While all resolutions were approved at the July 22, 2025 AGM, with most receiving over 95% support, the company noted that a significant minority of shareholders voted against resolutions 21 and 22. These resolutions authorized the board to issue shares representing up to 10% of issued capital on a non-pre-emptive basis, and to issue an additional 10% of shares for capital investments without pre-emption rights.
Following the vote, B&M engaged with dissenting shareholders to better understand their concerns regarding these authorizations, which were aligned with the Pre-Emption Group’s Statement of Principles on Dis-applying Pre-Emption Rights.
"The views of our shareholders are a critical component in our approach to good corporate governance," the company stated in a press release.
B&M indicated it is continuing dialogue with shareholders and will review its approach to pre-emption rights as a result of these discussions, while seeking to balance the long-term interests of the company, shareholders and other stakeholders.
The discount retailer plans to provide further updates on this engagement in its fiscal year 2026 annual report, which will be published after the company releases its full-year results in summer 2026.
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