Zurich / CH. (aag) Swiss-Irish Aryzta AG confirms that it has received shareholder requests to add agenda items to its 2020 Annual General meeting. These requests are in line with Article 11 of the Articles of Association of Aryzta. A shareholder who owns at least three percent of the share capital of the company may call for the Board of Directors to propose AGM agenda items.
Cobas Asset Management, one of Aryzta’s largest shareholders proposes not to re-elect Mike Andres, Greg Flack, Jim Leighton and Tim Lodge as members of the Board.
Lodbrok Capital LLP who hold more than three percent of Aryzta’s share capital as well as Aryzta hybrid bonds with a total nominal value of approximately EUR 260 million, are also proposing not to re-elect Mike Andres, Greg Flack, Jim Leighton and Tim Lodge as members of the Board. Furthermore, Lodbrok proposes not to re-elect Mike Andres as a member of the Remuneration Committee.
Lodbrok are supporting the re-election of Urs Jordi as Chairman and member of the Board and the re-election of Armin Bieri, Heiner Kamps, Alejandro Legarda Zaragüeta and Luisa Delgado as members of the Board. Additionally, Lodbrok are proposing the election of two new Board members, Gordon Hardie and Jörg Riboni.
The Board of Directors will include the requests from Cobas and Lodbrok in the AGM invitation, which will be issued in due course. The 2020 AGM will be held on 15 December 2020.
Addendum: Aryzta announcement regarding AGM
Zurich / CH. (11.06. / aag) Swiss-Irish Aryzta AG announces that the Board of Directors has decided to propose the re-election of Luisa Delgado, Urs Jordi and Heiner Kamps as members of the Board of Directors at the Annual General Meeting to be held on 15 December 2020. It also proposes the re-election of Urs Jordi as Chairman. It resolved not to nominate Mike Andres, Greg Flack, Jim Leighton, Tim Lodge and Alejandro Legarda Zaragüeta for re-election at the upcoming Annual General Meeting.
A shareholder proposed the re-election of Alejandro Legarda Zaragüeta as member of the Board of Directors and the election of two new board members, Gordon Hardie and Jörg Riboni. Armin Bieri is stepping down from the Board of Directors for private reasons with immediate effect. Aryzta would like to thank all members of the Board of Directors not standing for reelection for their valuable services. The invitation to the AGM with all agenda items and proposals will be published in due course.
