Nutreco holds special meeting on SHV offer

Nutreco holds special meeting on SHV offer

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From WATTAgNet:

Nutreco held an extraordinary general meeting on February 9 to discuss the recommended public offer for the company by SHV Holdings N.V.

Nutreco’s board passed several resolutions conditionally related to the offer, which will take effect if and when SHV’s offer is settled.

Conditional changes to the supervisory board were approved, including:

  • J.M. de Jong, A. Puri and H.W.P.M.A. Verhagen have elected to voluntarily conditionally step down from their positions.
  • S.R. Nanninga has been conditionally appointed as member of the Supervisory Board for a first period of 4 years. Nanninga is CEO and chairman of the executive board of directors of SHV Holdings N.V.
  • B.L.J.M. Beerkens has been conditionally appointed as member of the Supervisory Board for a first period of 4 years. Beerkens is CFO and member of the executive board of directors of SHV Holdings N.V.
  • W. van der Woerd has been conditionally appointed as member of the Supervisory Board for a first period of 4 years. Van der Woerd is member of the executive board of directors of SHV Holdings N.V.

If and when SHV’s offer is settled, the board will consist of P.S. Overmars (chairman and independent member), J.A.J. Vink (independent member), Nanninga, Beerkens and van der Woerd.

Additional resolutions include:

  • Completion bonus of the executive board
  • Conditional amendment of the Nutreco’s Articles of Association
  • Conditional discharge of de Jong, Puri and Verhagen with respect to their duties and obligations performed and incurred in their respective capacity as member of the Supervisory Board

Nutreco will hold its annual general meeting March 26.

 

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