Annual General Meeting 2016

The ordinary Annual General Meeting 2016 of Barry Callebaut AG was held on Wednesday, December 7, 2016, in Zurich-Oerlikon under the chairmanship of Andreas Jacobs, Chairman of the Board of Directors. 1,159 shareholders attended the meeting, together representing 4,597,388 shares equaling 83.76% of the issued share capital.

The ordinary Annual General Meeting 2016 of Barry Callebaut AG, the world’s leading manufacturer of chocolate and cocoa products, was held today in Zurich-Oerlikon under the chairmanship of Andreas Jacobs, Chairman of the Board of Directors. 1,159 shareholders attended the meeting, representing 4,597,388 shares and equaling 83.76% of the issued share capital.

All motions were adopted as proposed by the Board of Directors, including the election of Patrick De Maeseneire as new Chairman. The Board of Directors honored the legacy of Andreas Jacobs, who had decided to step down after 13 years on the Board, of which 11 years as Chairman, and thanked him warmly for his long and successful tenure. All other Board members, namely Patrick De Maeseneire, Fernando Aguirre, Jakob Baer, James L. Donald, Nicolas Jacobs, Wai Ling Liu, Timothy E. Minges, Andreas Schmid and Juergen B. Steinemann were reelected for another term of office of one year.

The shareholders also approved the proposed payout of CHF 15.50 per share. The payout will be effected through a dividend payment partly from reserves from capital contributions (CHF 4.19 per share) and partly in the form of a capital repayment by way of a par value reduction (CHF 11.31 per share). The payout to shareholders is expected to be executed on March 2, 2017 (“ex-date”: February 28, 2017; “record date”: March 1, 2017). The distribution of these funds to shareholders will not be subject to withholding tax and – for individuals residing in Switzerland and holding the shares as private property – income tax.

KPMG AG, Zurich, was re-elected as auditors of the company for fiscal year 2016/17.

Barry Callebaut’s fiscal year 2015/16 closed on August 31, 2016.

Category: AGM