Thursday, 24. September 2020
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Aryzta AG: Extraordinary General Meeting Results

Zurich / CH. (aag) Upon the request of Cobas Asset Management, SGIIC, S.A., acting in its capacity as Fund Manager for Cobas Seleccion, Fl and Cobas Internacional, Fl, and Veraison Sicav (the Shareholder Group) dated 20 May 2020, the Aryzta Board of Directors convened an Extraordinary General Meeting of shareholders which was held today (16 September). Shareholders representing in excess of 82 percent of shares eligible to vote approved all of proposals put forward by the Shareholder Group. The voting result on each motion is set out below. Urs Jordi, Aryzta AG Chair, commented: «The vote is an overwhelming vote for change and a strong vote of confidence in favour of bakery experience which is urgently needed to rebuild Aryzta AG. Our task is clear and urgent, to leverage this new bakery experience to deliver change and improvement across the business to regain confidence among all stakeholders.»

Resolution For Against Abstain
1.1.1 Dismissal of Gary McGann as Member and Chair of the Board of Directors Proposal rendered obsolete and not voted on
1.1.2 Dismissal of Dan Flinter as Member of the Board of Directors Proposal rendered obsolete and not voted on
1.1.3 Dismissal of Annette Flynn as Member of the Board of Directors Proposal rendered obsolete and not voted on
1.1.4 Dismissal of Rolf Watter as Member of the Board of Directors Proposal rendered obsolete and not voted on
1.1.5 Dismissal of Kevin Toland as Member of the Board of Directors 62.23% 37.33% 0.44%
.
1.2.1 Election of Andreas G. Schmid as Member of the Board of Directors Proposal rendered obsolete and not voted on
1.2.2 Election of Urs Jordi as Member of the Board of Directors 96.59% 3.24% 0.17%
1.2.3 Election of Armin Bieri as Member of the Board of Directors 65.70% 34.11% 0.19%
1.2.4 Election of Heiner Kamps as Member of the Board of Directors 94.89% 4.93% 0.18%
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1.3.1 Election of Andreas G. Schmid as Chair of the Board of Directors Proposal rendered obsolete and not voted on
1.3.1 Election of Urs Jordi as Chair of the Board of Directors 65.79% 34.04% 0.17%
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2.1 Election of Jim Leighton as Member of the Remuneration Committee 39.23% 59.91% 0.86%
2.2 Election of Tim Lodge as Member of the Remuneration Committee 42.70% 56.44% 0.86%
2.3 Election of Andreas G. Schmid as Member of the Remuneration Committee Proposal rendered obsolete and not voted on
2.4 Election of Armin Bieri as Member of the Remuneration Committee 62.14% 37.52% 0.34%
2.5 Election of Heiner Kamps Member of the Remuneration Committee 84.98% 14.68% 0.34%