ARYZTA confirmed that it has received shareholder requests to add agenda items to its 2020 Annual General meeting to be held on December 15, 2020. These requests are in line with Art. 11 of the Articles of Association of ARYZTA. A shareholder who owns at least 3% of the share capital of the company may call for the Board of Directors to propose AGM agenda items. Cobas Asset Management "Cobas", one of ARYZTA's shareholders proposes not to re-elect Mike Andres, Greg Flack, Jim Leighton and Tim Lodge as members of the Board. Lodbrok Capital LLP "Lodbrok" who hold more than 3% of ARYZTA's share capital as well as ARYZTA hybrid bonds with a total nominal value of approximately EUR 260 million, are also proposing not to re-elect Mike Andres, Greg Flack, Jim Leighton and Tim Lodge as members of the Board. Furthermore, Lodbrok proposes not to re-elect Mike Andres as a member of the Remuneration Committee.
Aryzta AG is a Switzerland-based company engaged in food business. It is primarily focused on specialty baking. The Companyâs products include Artisan Breads, Sweet Baked Goods and Morning Goods, as well as an array of other Savoury Items, Such As Pizza, Tarts and Pies. It operates through four segments, including Food Europe, Food North America, Food Rest of World and Origin. Food Europe segment includes the specialty bakery market in Switzerland, Germany, the United Kingdom, Ireland, France, Spain, Sweden, Poland and Denmark. Food North America segment includes the specialty bakery market in the United States and Canada. Food Rest of World segment consists of businesses in Australia, Asia, New Zealand and South America. Origin segment is a agri-services group focused on integrated agronomy and agri-inputs in the United Kingdom, Ireland, Poland and Ukraine. The Companyâs customer channels consist of a mix of retail, convenience and independent retail, Quick Serve Restaurants.