In brief

Barry Callebaut shareholders to receive +8.3% payout

By Anthony Myers contact

- Last updated on GMT

Barry Callebaut's Chocolate Academy at its plant in Wieze, Belgium. Pic: Barry Callebaut
Barry Callebaut's Chocolate Academy at its plant in Wieze, Belgium. Pic: Barry Callebaut

Related tags: Barry callebaut, Finance

KPMG AG, Zurich, re-elected as auditors of the company for fiscal year 2019/20.

Barry Callebaut AG shareholders approved a proposed payout of a dividend of CHF26.00 ($26.51) per share, an increase of +8.3% versus prior year, at the company’s ordinary Annual General Meeting, held earlier this month in Zurich-Oerlikon.

The dividend will be paid to shareholders on or around January 8, 2020.

Jakob Baer, Vice-Chairman, Board member since 2010 and Chairman of the Audit, Finance, Risk, Quality & Compliance Committee (AFRQCC), and Juergen Steinemann, Board member since 2014 and member of the Nomination & Compensation Committee (NCC), stepped down from their respective functions.

All other Board members, namely Patrick De Maeseneire, Fernando Aguirre, Suja Chandrasekaran, Angela Wei Dong, Nicolas Jacobs, Elio Leoni Sceti, Timothy Minges and Markus Neuhaus were re-elected for another term of office of one year.

Barry Callebaut said 1,190 shareholders attended the meeting, representing 4,291,910 shares and equalling 78.19% of the issued share capital.

In November Barry Callebaut revealed it had been informed by Jacobs Holding AG​, its majority shareholder with a stake of 50.1% since 1998, of its intention to sell 156,658 shares (2.85%) in the world’s leading chocolate and cocoa manufacturer.

Related topics: Manufacturers

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