HOCHDORF Holding AG
HOCHDORF Holding AG: Press release on the extraordinary General Meeting on 29/11/2016
EQS Group-Ad-hoc: HOCHDORF Holding AG / Key word(s): AGM/EGM Press release on the HOCHDORF Group Extraordinary General Meeting on 29/11/2016 HOCHDORF moving towards the end user Hochdorf, 30 November 2016 – The 204 shareholders attending the Extraordinary General Meeting for HOCHDORF Holding Ltd accepted the proposals submitted by the Board of Directors. They approved the request for a conditional capital increase and an increase in the registering and voting restriction from 5% to 15%. With this decision, the shareholders have paved the way towards a majority holding in the Pharmalys Group. The election of Michiel de Ruiter to the Board of Directors was also approved by a clear majority of shareholders. The Extraordinary General Meeting was led by Josef Leu, Chairman of the Board of Directors of HOCHDORF Holding Ltd, with 204 shareholders in attendance representing a total of 745,411 share votes (79.83 per cent of the share votes). Dr Thomas Eisenring, CEO, explained the transaction at the Extraordinary General Meeting and provided information on various details relating to the implementation of the majority holding of the Pharmalys companies. Mr Eisenring outlined the consolidated balance sheet and income statement for both the HOCHDORF Group and Pharmalys Laboratories SA. The CEO also referred to the great synergy potential and mentioned some aspects that would minimise risk. Marcel Gavillet, CFO, outlined details for implementing the planned capital increase. The compulsory convertible bond will be paid up on 31.3.2017. Statute changes approved Michiel de Ruiter’s election as additional board member The presentation to the shareholders’ meeting is available on the HOCHDORF Group website.
Agenda item 1 Conditional capital increase Agenda item 2 Increase in the registering and voting restrictions from 5% to 15% Agenda item 3 Michiel de Ruiter’s election as additional board member Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=VXAPYUFTNK Document title: Press Release on the HOCHDORF Group extraordinary General Meeting End of ad hoc announcement Information and Explanation of the Issuer to this News: In 2015 the HOCHDORF Group, which is headquartered in Hochdorf, generated a consolidated gross sales revenue of CHF 551.2 million. It is one of the leading foodstuff companies in Switzerland, with more than 625 employees as at 31 December 2015. Made from such natural ingredients as milk, wheat germ, and oilseeds, HOCHDORF products have been contributing to the health and well-being of the young and old alike since 1895. Our customers include the food industry and wholesalers and retailers. Our products are sold in more than 90 countries. HOCHDORF stock is traded on the SIX Swiss Exchange in Zurich (ISIN CH0024666528). |
Language: | English | |
Company: | HOCHDORF Holding AG | |
Siedereistrasse 9 | ||
6281 Hochdorf | ||
Switzerland | ||
Phone: | +41 41 914 65 65 | |
Fax: | +41 41 914 66 66 | |
E-mail: | hochdorf@hochdorf.com | |
Internet: | www.hochdorf.com | |
ISIN: | CH0024666528 | |
Listed: | SIX Swiss Exchange | |
End of News | EQS Group News Service |