HOCHDORF Group Press Release: Major shareholder requests Extraordinary General Meeting
Hochdorf, 19 December 2019 – Stichting General Holdings, which holds 17.6% of the shares of HOCHDORF Holding Ltd, has informed the Board of Directors that it will request an extraordinary general meeting of shareholders. At this general meeting, Stichting intends to exercise its right to ask questions pursuant to Art. 697 of the Swiss Code of Obligations, specifically in this instance with regard to HOCHDORF Holding Ltd's previous shareholding in Pharmalys Laboratories SA. In addition, it is requesting a special audit within the meaning of Art. 697a of the Swiss Code of Obligations on these questions.
After receiving the written request, the Board of Directors will take a decision on the next steps at its next meeting.
Dr Christoph Hug, Head of Corporate Communications HOCHDORF Group, Tel:+41 (0)41 914 65 62 / +41 (0)79 859 19 23, email@example.com.
About the HOCHDORF Group:
The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross sales revenue of CHF 561.0 million in 2018. It is one of the leading foodstuff companies in Switzerland, employing over 694 staff as of 31.12.2018.Made from natural ingredients such as milk, wheat germ and oil seeds, HOCHDORF products have been contributing to our health and wellbeing since 1895 – from babies to senior citizens. Its customers include the food industry and the wholesale and retail sectors. Its products are sold in over 90 countries. The shares are traded on the SIX Swiss Exchange in Zurich (ISIN CH0024666528).