GLOBAL FASHION GROUP S.A.
DGAP-News: Global Fashion Group S.A. / Key word(s): AGM/EGM
GLOBAL FASHION GROUP S.A.: ANNUAL GENERAL MEETING APPROVES ALL RESOLUTIONS ON THE AGENDA
2021-05-26 / 14:51
The issuer is solely responsible for the content of this announcement.
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GLOBAL FASHION GROUP S.A.: ANNUAL GENERAL MEETING APPROVES ALL RESOLUTIONS ON THE AGENDA
Luxembourg, 26 May 2021: The Annual General Meeting of shareholders of Global Fashion Group S.A. (the "Company") held
today in Luxembourg approved all resolutions on the agenda. 67.34% of the voting rights were represented at the Annual
General Meeting.
In view of the ongoing global pandemic (COVID-19), the Company took the decision to hold the Annual General Meeting by
video conference as permitted by Luxembourg law. In view of the revised format, each shareholder was able to place
their votes by correspondence or by proxy. Further details of the number of votes cast and the resolutions are
available on the Annual General Meeting section of our website here. A comprehensive list of the resolutions passed at
the Company's Annual General Meeting can be found in Annex A (below).
The Company is pleased to welcome Philipp Povel to the Supervisory Board of the Company following the approval of his
appointment by the shareholders of the Company. As the co-founder and former Chief Executive Officer of Dafiti, the
Company's Latin American business, Philipp will greatly complement the existing skills and expertise of the Supervisory
Board.
The Annual General Meeting also acknowledged that Alexis Babeau stepped down as a member of the Supervisory Board at
the conclusion of the Annual General Meeting, after more than six years of exceptional service, having played a key
role in the transformation of GFG from a privately held to a publicly listed company and celebrating its first year of
positive Adjusted EBITDA.
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About Global Fashion Group
Global Fashion Group is the leading fashion and lifestyle retail destination in LatAm, CIS, SEA and ANZ. We connect
over 10,000 global, local and own brands to a market of more than one billion consumers through four established
ecommerce platforms: dafiti, lamoda, ZALORA and THE ICONIC. Through an inspiring and seamless customer experience
enabled by our own technology ecosystem and operational infrastructure, we are dedicated to being the #1 fashion and
lifestyle destination in our markets. With 17 offices and 9 fulfilment centres across four continents, GFG proudly
employs a dynamic and diverse team with deep local knowledge and expertise. In the twelve months to 31 December 2020,
GFG delivered 42.0 million orders to 16.3 million Active Customers. (ISIN: LU2010095458.)
For more information visit: www.global-fashion-group.com
Contacts:
Media: Jovana Lakcevic, press@global-fashion-group.com
Investors: Jo Britten, investors@global-fashion-group.com
Annex A: Voting Results - Global Fashion Group S.A Annual General Meeting 2021
Agenda item Valid votes Valid Yes votes Yes No No Abstention
votes % votes votes votes
(share in % in %
capital)
1. Presentation of the combined consolidated management No voting required
report of the management board of the Company (the "
Management Board") and of the report of the
independent auditor (réviseur d'entreprises agréé)
on the Company's consolidated accounts for the
financial year ended 31 December 2020 prepared in
accordance with the International Financial
Reporting Standards as adopted by the European Union
("IFRS") and on the Company's annual accounts for
the financial year ended 31 December 2020 prepared
in accordance with IFRS.
1. Approval of the Company's consolidated accounts for 145,752,464 67.34 145,752,464 100.00 0 0.00 0
the financial year ended 31 December 2020.
1. Approval of the Company's annual accounts for the 145,752,464 67.34 145,752,464 100.00 0 0.00 0
financial year ended 31 December 2020.
1. Allocation of results for the financial year ended 145,752,464 67.34 145,752,464 100.00 0 0.00 0
31 December 2020.
1. Granting of discharge to Christoph Barchewitz, 145,752,464 67.34 145,752,464 100.00 0 0.00 0
member of the Management Board, for the exercise of
his mandate during the financial year ended 31
December 2020.
1. Granting of discharge to Patrick Schmidt, member of 145,752,464 67.34 145,752,464 100.00 0 0.00 0
the Management Board, for the exercise of his
mandate during the financial year ended 31 December
2020.
1. Granting of discharge to Matthew Price, member of 145,752,464 67.34 145,752,464 100.00 0 0.00 0
the Management Board, for the exercise of his
mandate during the financial year ended 31 December
2020.
1. Granting of discharge to Alexis Babeau, member of 145,752,464 67.34 145,752,464 100.00 0 0.00 0
the supervisory board of the Company (the "
Supervisory Board"), for the exercise of his mandate
during the financial year ended 31 December 2020.
1. Granting of discharge to Georgi Ganev, member of the 145,752,464 67.34 145,752,464 100.00 0 0.00 0
Supervisory Board, for the exercise of his mandate
during the financial year ended 31 December 2020.
1. Granting of discharge to Cynthia Gordon, member of 145,752,464 67.34 145,752,464 100.00 0 0.00 0
the Supervisory Board, for the exercise of her
mandate during the financial year ended 31 December
2020.
1. Granting of discharge to Victor Herrero, member of 145,752,464 67.34 145,752,464 100.00 0 0.00 0
the Supervisory Board, for the exercise of his
mandate during the financial year ended 31 December
2020.
1. Granting of discharge to Carol Shen, member of the 145,752,464 67.34 145,752,464 100.00 0 0.00 0
Supervisory Board, for the exercise of her mandate
during the financial year ended 31 December 2020.
1. Granting of discharge to Laura Weil, member of the 145,752,464 67.34 145,752,464 100.00 0 0.00 0
Supervisory Board, for the exercise of her mandate
during the financial year ended 31 December 2020.
1. Acknowledgment of the resignation of Alexis Babeau 145,752,464 67.34 145,752,464 100.00 0 0.00 0
as member of the Supervisory Board and decision to
appoint Philipp Povel as a member of the Supervisory
Board for a period ending at the expiration of the
general meeting of shareholders approving the annual
accounts of the Company for the financial year
ending 31 December 2021.
1. Renewal of the appointment of Ernst & Young as 145,752,464 67.34 145,752,463 99.99 1 0.01 0
independent auditor for the financial year 2021.
1. Presentation of and advisory vote on the 135,562,939 62.63 135,562,938 99.99 1 0.01 10,189,525
remuneration report for the year ending 31 December
2020 for the members of the Management Board and the
Supervisory Board.
1. Presentation of and advisory vote on the revised 135,562,939 62.63 135,562,939 100.00 0 0.00 10,189,525
remuneration policy for the members of the
Management Board and the Supervisory Board.
1. Approval and, to the extent necessary, ratification 145,752,464 67.34 145,752,464 100.00 0 0.00 0
of the remuneration of the Supervisory Board for the
financial year ending 31 December 2021.
1. Authorisation for the Management Board to repurchase 145,752,464 67.34 145,752,463 99.99 1 0.01 0
up to 20% of the total number of common shares of
the Company issued on the date of the Annual General
Meeting within a period of five (5) years as from
the date of the Annual General Meeting.
1. Presentation and acknowledgement of the special 145,752,464 67.34 145,752,463 99.99 1 0.01 0
report of the Management Board with respect to (i)
the restatement and renewal of the current
authorised capital and the amendment of the
Company's authorised capital and (ii) waiving the
preferential subscription right of existing
shareholders where expressly provided in the special
report, and amendment of articles 6.1 and 6.2 of the
articles of association of the Company.
1. Approval of the amendment of the term of office of 145,752,464 67.34 145,752,464 100.00 0 0.00 0
members of the Management Board for new appointments
and any renewals of existing appointments to the
Management Board, and subsequent amendment of the
article 15.2 of the articles of association of the
Company.
1. Approval of the deletion of transitory provisions 145,752,464 67.34 145,752,464 100.00 0 0.00 0
covering the conversion of common shares of the
Company into dematerialised shares and subsequent
deletion of article 7.5 as well as of articles 28.1
to 28.5 of the articles of association of the
Company. ----------------------------------------------------------------------------------------------------------------------- (MORE TO FOLLOW) Dow Jones Newswires
May 26, 2021 08:52 ET (12:52 GMT)
