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Nutreco announces results of Annual General Meeting


March 27, 2014 - London

The Annual General Meeting, held on 27 March 2014, adopted the 2013 financial statements and determined the dividend due to holders of ordinary shares for the 2013 financial year at  € 1.00 per share. After deduction of the interim dividend of € 0.30 (paid out in August 2013) the final dividend amounts to € 0.70 per ordinary share. This final dividend will be paid out in ordinary shares, which will be charged to the share premium reserve not subject to dividend withholding tax. Alternatively, upon election of the shareholder, the dividend can also be paid out in cash, after deduction of 15% dividend withholding tax. The ex-dividend date is 31 March 2014.

Changes to the composition of the Supervisory Board

  • Mr Rob Frohn (1960) has elected to resign his position, due to his other activities. The Supervisory Board thanked Mr Frohn for his valuable perspectives on international business and finance and his dedication to Nutreco.
  • Mr Piero Overmars (1964) has been appointed as member of the Supervisory Board for a first period of 4 years. After having obtained his MBA degree from Nyenrode Business School in 1987, Mr Overmars joined ABN AMRO Bank N.V where he was member of the Managing Board from 2006 to 2008.
  • Ms Herna Verhagen (1966) has been reappointed as a member of the Supervisory Board for a second period of 4 years.

Resolutions adopted by the AGM

  • The members of the Executive Board were discharged for their management in 2013 and the members of the Supervisory Board for their supervision thereon.
  • KPMG Accountants N.V. was appointed as auditor for the 2015 financial statements.
  • The designation of the Executive Board as the corporate body authorised to issue ordinary shares and to grant rights to subscribe for ordinary shares, was extended for a period of 18 months. The authorisation will be limited to 10% of the issued ordinary shares as at the time of this authorisation, which percentage will be increased to 20% in case of mergers, acquisitions and strategic partnerships.
  • The Executive Board was designated for a period of 18 months as the corporate body authorised to restrict or to exclude pre-emption rights entitled to the Shareholders in connection with the issuance of or grant of rights to subscribe for ordinary shares.
  • The Executive Board was authorised for a period of 18 months to buy back the Company's own ordinary shares, other than without financial consideration, representing maximum of 10% of the Company's issued share capital.

On 24 April 2014 Nutreco will present its trading update for the first quarter of 2014.

END OF PRESS RELEASE

Note to the editor (not for publication)
This press release is also published in Dutch. In the event of differences, the English language version shall prevail as the authoritative version.

Driving sustainable growth
Nutreco's strategy 'Driving sustainable growth' is to grow and improve profitability by providing innovative and sustainable nutritional solutions for its customers. This will be realised by focusing on a higher value-added portfolio of nutritional solutions such as premixes, feed specialties and fish feed, and by expanding into the growth geographies of Latin America, Russia, Asia and Africa, which will see the largest increases in both production and consumption of animal protein food products.

Nutreco
Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed solutions are at the origin of food for millions of consumers worldwide. Quality, innovation and sustainability are guiding principles, embedded in the Nutreco culture from research and raw material procurement to products and services for agriculture and aquaculture. Experience across 100 years brings Nutreco a rich heritage of knowledge and experience for building its future. Nutreco employs approximately 7,500 people in 30 countries, with sales in 80 countries. Nutreco is listed on the NYSE Euronext stock exchange in Amsterdam and reported annual revenue of € 3.9 billion in 2013.

www.nutreco.com

Investor and analyst enquiries
Jurgen Pullens, Director Investor Relations
T +31 (0) 33 422 6134
M +31 (0) 6 5159 9483
E jurgen.pullens@nutreco.com

Media enquiries
Mark Woldberg, Manager Corporate Communication
T +31 (0) 33 422 6178
M +31 (0) 6 1503 3036
E mark.woldberg@nutreco.com

The full press releases in English and Dutch are attached in the pdfs below.


Nutreco announces results of Annual General Meeting
Nutreco maakt resultaten Algemene Vergadering bekend



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nutreco via Globenewswire

HUG#1772136

GlobeNewswire

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