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The General Meeting of Shareholders of the Žito Group: Appointment of the New Members of the Company’s Supervisory Board

Ljubljana, 18 November 2015 – At today’s 22nd regular general meeting, the shareholders of the company Žito, d.d. confirmed the new members of the Supervisory Board, adopted an amendment to the company’s Articles of Association and appointed the company KPMG Slovenija d.o.o. as the auditor.
The general meeting was acquainted with the resignations of the current members, representatives of capital on the Supervisory Board of Žito d.d.: Milan Kneževič, Maja Makovec Brenčič, Adrijan Rožič and Rajko Stanković. They already resigned from the position of Supervisory Board members on 21 April 2015, when the contract was signed between the consortium of Žito sellers and Podravka, in case of the successful completion of the sales process, from the date of the first general meeting after the completion of the transaction. At today’s general meeting of shareholders, the following were approved as the new Supervisory Board members of the Žito Group: Miroslav Klepač, Petar Vlaić, Ivan Galović and reappointed current member Rajko Stanković, otherwise president of the Association of Small Shareholders of Slovenia. They were all approved for four-year terms. Miroslav Klepač is a member of the Management Board of Podravka, Petar Vlaić is a member of the Supervisory Board of Podravka, the president of the management of the Erste Plavi pension fund and also an important owner of Podravka, while Ivan Galović is senior vice president of Podravka, responsible for the supply chain.
At the same time, the purchase of the remaining shares of Žito d.d. by Podravka d.d. is expiring these days. As is known, in accordance with the publically published bid, the bid is open only until 23 November 2015. With the current purchase of shares, Podravka has already acquired majority management rights.
Greta Dečman and Sonja Perčič remain on the Supervisory Board of the Žito Group as representatives of the employees.
With the proposed and approved an amendment to the Articles of Association, the shareholders at today’s General Meeting also defined an exception to the competition ban, which is otherwise defined by the Companies Act. Such an arrangement allows for a more comprehensive treatment of materials, and at the same time also facilitates the integration and optimisation of business processes of both companies.
The appointment of the auditing firm KPMG was proposed to harmonise the overall audit of the two companies, Podravka d.d. and Žito d.d.
Link with the full minutes of the general meeting (.pdf)
Additional information:
Nina Rus Turuk, Public Relations, Žito Group
Telephone number: +386 1 5876 120
E-mail: pr@zito.si, nina.turuk@zito.si

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