RNS Number : 1377T
DFS Furniture PLC
10 November 2023

10 November 2023

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 2023 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 2023 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

13.

Directors' authority to allot shares

213,374,969

99.99

23,440

0.01

213,398,409

91.14%

32

14.

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".

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