Answers to the shareholder questions to the AGM on Agenda Item 8

15.06.2020 06:50

HOCHDORF Group Press Release: Annual General Meeting 2020

Hochdorf, 15 June 2020 – As the Board of Directors announced in publishing its invitation to the Annual General Meeting, a minority shareholder raised various questions about the financial statements for 2018 and 2019, which we listed in the appendix to the agenda of the Annual General Meeting. These questions have been answered by the Board of Directors (questions 1 and 5) and the auditors (questions 2, 3, 4, 6, 7 and 8). The answers have been published on HOCHDORF Holding Ltd homepage (see PDF at the end of the press release). As the Annual General Meeting will be held without the presence of shareholders, the Board of Directors considers this prior publication of the answers to the shareholder’s questions to be the only feasible way of satisfying its shareholders' legitimate need for information.

As detailed on the agenda, the shareholder concerned also requested a special audit to clarify these questions. The Board of Directors is recommending that shareholders accept this request for a special audit if they are not fully satisfied with the answers provided by the Board of Directors and the auditors or have any doubts. The publication of the answers on the website will enable all shareholders to form their own opinion on this matter and instruct the independent proxy for the Annual General Meeting accordingly.

 

You will find the answers to the shareholder's questions in the PDF below.

 

Contact: Dr Christoph Hug, Head of Corporate Communications HOCHDORF Group, Tel: +41 (0)41 914 65 62 / +41 (0)79 859 19 23, christoph.hug@hochdorf.com.

 

About the HOCHDORF Group
The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross sales revenue of CHF 456.8 million in 2019. It is one of the leading foodstuff companies in Switzerland, employing over 618 staff as of 31.12.2019. Made from natural ingredients such as milk, whey and oil seeds, HOCHDORF products have been contributing to our health and well-being since 1895 – from babies to senior citizens. Its customers include the food industry and the wholesale and retail sectors and its products are sold in over 70 countries. The shares are traded on the SIX Swiss Exchange in Zurich (ISIN CH0024666528).