LIMA, Peru--(BUSINESS WIRE)--Alicorp S.A.A. (“the Company” or “Alicorp”) (Lima Stock Exchange: ALICORC1 and ALICORI1) a leading Peruvian consumer goods company, announced today that the first and second call to its Annual Shareholders’ Meeting will be held on March 30, 2017 and April 6, 2017, respectively. Both meetings will take place at 10:00 am (Peruvian time) at Av. Argentina N° 4793, Callao, to discuss the following agenda:
ANNUAL SHAREHOLDERS’ MEETING AGENDA
- Review and approval of the Annual Report as well as the Individual and Consolidated Financial Statements for the fiscal year ended 2016.
- Designation of external auditors for the fiscal year 2017: The Board of Directors will propose to the Shareholders the designation of “Paredes, Burga, & Asociados Sociedad Civil de Responsabilidad Limitada”, a firm member of the EY group, as the external auditors for the fiscal year 2017.
- Determination of the annual retribution to the Board of Directors: The Board of Directors will propose to the Shareholders an annual net retribution of USD 50,000.00 and a net USD 1,500.00 for each Board of Directors Committee session, for each Director.
- Net Income distribution: The Board of Directors will propose to the Shareholders the approval of a dividend payment of S/. 119.6 million, a dividend equal to S/. 0.14 per share.
Only shareholders that have owned the stock for 10 days or more before the meeting are entitled to attend and vote at the Annual Shareholders’ Meeting.
Shareholders may be represented by proxy at the meeting by one person designated by a power of attorney. Proxies for the Annual Shareholders’ Meeting must be presented on March 29, 2017 until 4:00 pm (Peruvian time) at Av. Circunvalación, Club Golf los Incas N° 134, 11 Floor, Santiago de Surco, Lima. The proxy forms will be available at Alicorp’ s website on Monday, February 27, 2017.
The required quorum for the first call is 50% of the shares with voting rights. For the second call, the required quorum is 25% of the shares with voting rights.
The number of shares with the right to vote for this Shareholders Meeting is 847’191,731.
The documentation and information referred in article 130° of the General Law of Business Corporations (Ley General de Sociedades) are available to shareholders at the address mentioned above.
This announcement has been announced as a Relevant Event via Alicorp’s website as well as through the Superintendencia del Mercado de Valores’ website.
Alicorp is a leading consumer goods company headquartered in Peru, with operations in other Latin American countries, such as Argentina, Brazil, Chile, Ecuador, and exports to 23 other countries. The Company focuses on three core businesses: (1) Consumer Products (food, personal and home care products), in Peru, Brazil, Argentina, Ecuador, Colombia and other countries, (2) Industrial Food Products (industrial flour, industrial lard, pre-mix and food service products), and (3) Aquaculture (fish and shrimp feeding).
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Alicorp's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Alicorp's control that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, Alicorp does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time and it is not possible for management to predict all such factors.