Aryzta AG: shareholders vote for capital increase

Zurich / CH. (aag) At the Annual General Meeting of Swiss-Irish Aryzta AG held in Zurich on November 01, shareholders approved all proposals put forward by the Board of Directors. The voting result on motion no. 6 – Ordinary Capital Increase – got 52,88 percent votes for the raise, 46,98 percent votes against and 0,14 percent abstain. The Board listens to and respects the views of all shareholders; and, has undertaken an extensive process of shareholder engagement – the company said in a statement. While the Board welcomes the support for the capital raise resolution by the majority of shareholders, we will continue to consult with shareholders following the AGM with a specific focus on those who opposed the resolution. The Board believes the proposal approved by shareholders is in the best interests of Aryzta as a whole and is the option with the highest probability of success. With an effective capital structure, the Board and executive team will focus on delivering on its multi-year turnaround plan.

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