TRALEE, Ireland - Kerry Group PLC announced today that its shareholders have approved all resolutions during an Extraordinary General Meeting (EGM) related to the ongoing Kerry Dairy Ireland transaction. The EGM, which took place at the Rose Hotel in Tralee, saw the requisite majorities pass the measures with a show of hands.
The resolutions, details of which are available on the company's website, are part of the process to complete the Phase 1 Transaction (JO:TCPJ) of the Kerry Dairy Ireland deal. This follows the approval of related matters by the Co-Op Members at their special general meeting on December 16, 2024. With these approvals, Kerry Group anticipates that the remaining conditions for completion will be met shortly, and the transaction is expected to finalize by mid-January 2025.
The company has submitted copies of the passed resolutions to Euronext (EPA:ENX) Dublin and the UK's National Storage Mechanism. These documents will also be accessible for public inspection at the specified locations and online platforms, including the company's website.
The transaction's progress is significant for the Kerry Group, a global leader in the taste and nutrition sector, as it seeks to streamline operations and focus on its core business areas. The completion of the deal is poised to reshape the company's portfolio and could have implications for its market positioning.
Further announcements are expected to be made by the company as the final stages of the transaction are reached and completed. This news is based on a press release statement issued by Kerry Group PLC.
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