On 29 August 2019 Wessanen held an extraordinary general meeting of shareholders (the “EGM”) to explain and discuss the recommended public offer by the Consortium. At the EGM all resolutions were approved.
Frank van Oers, Chairman of the Supervisory Board: “With the shareholders at the EGM agreeing to these resolutions we have reached a key milestone in the acquisition process, bringing a successful conclusion closer. This is important news for all shareholders considering to tender their shares.”
The resolutions related to the public offer include the Post-Closing Restructuring Resolution, the conditional appointment of Mrs d’Engremont, Mr Monier, Mrs Simonse, Mr Jobson and Mr Suberbielle as members of the Supervisory Board, the conditional granting of full and final discharge from liability to all members of the Supervisory Board and the Executive Board and the conditional conversion and amendment articles of association of Wessanen. In addition, the EGM approved the appointment of Mr De Gantes as CFO and member of the Executive Board.
Because the Post-Closing Restructuring Resolution has been adopted, the minimum acceptance level threshold has been lowered from 95% to 80%. Reference is made to section 5.7 of the Offer Memorandum.
The EGM presentation as well as the voting results can be found in the Investor Relations section of the Wessanen website www.wessanen.com
Wessanen and the Consortium continue to work constructively to satisfy other Offer Conditions and are making timely progress, anticipating that the Offer Period closes on 6 September 2019 and settlement of the Offer will take place in Q3 2019, as planned. Please see the Offer Memorandum for information on how shareholders can tender their Shares under the Offer.