29 October 2026
2026 AGM – VOTING RESULTS UPDATE
At the Company’s Annual General Meeting (“AGM”) held on 15 July 2026, Resolution 2, to approve the Directors’ Remuneration Policy (“Policy”), and Resolution 16, to approve the proposed amendments to the rules of the Burberry Share Plan 2020 (the “Burberry Share Plan rules”), were passed with 64.61% and 63.00% votes respectively.
In accordance with the UK Corporate Governance Code (the “Code”) we are now providing an update on the actions we have taken since the AGM to understand the views of shareholders who voted against these resolutions. In accordance with the Code, a final update will be included in the Company’s Annual Report and Accounts for the year ended 27 March 2027.
As part of the development of the new Policy ahead of the 2026 AGM, we conducted a shareholder engagement programme led by Danuta Gray, the Chair of the Remuneration Committee with Gerry Murphy, the Chair of the Board, seeking feedback from shareholders representing approximately 60% of our issued share capital. Danuta and Gerry met with many of Burberry’s largest shareholders and engaged with the major proxy advisors. The feedback received indicated broad support for the proposed Policy and the corresponding changes to the Burberry Share Plan rules among the majority of shareholders consulted.
Following the AGM in July 2026, Burberry has contacted material shareholders who voted against either, or both, resolutions to seek their feedback and to understand the rationale behind their voting decisions. Shareholder feedback remained broadly consistent with the themes identified through earlier engagement and focused primarily on the increase in overall executive remuneration opportunity and the balance between performance share plan awards and restricted share plan awards.
In line with support for our proposals from the majority of Burberry’s shareholders, the Remuneration Committee has proceeded with the implementation of the Policy in 2026 and awards consistent with the approach set out in the 2025-26 Annual Report were granted to our Executive Directors under the amended Burberry Share Plan on 30 July 2026. The Remuneration Committee considers this to be in the long-term best interests of the Company and its shareholders and will continue to monitor shareholder views on the implementation of the Policy and to engage with shareholders and proxy advisors on these and other remuneration matters.
