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Nestle SA (NSTR)

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Thursday 10 April, 2008

Nestle SA

AGM Statement

Nestle SA
10 April 2008



                                 Press Release

                       Strong support for board proposals
                        at Nestle Annual General Meeting


Lausanne, 10 April 2008  -  2 570 shareholders attended the Nestle S.A. Annual
General Meeting today in Lausanne. They represented 53.28 percent of the total
capital and 34.89 percent of the shares entitled to vote. All proposals of the
Board of Directors were voted with strong majorities. The annual report and the
accounts were approved, and the shareholders agreed to the release of the Board
of Directors and the Executive Board. Shareholders further approved the proposed
dividend increase to CHF 12.20 per share, up 17.3 percent over last year. They
also gave their assent to the reduction in the share capital by CHF 10 072 500
through the cancellation of a corre-sponding number of registered shares under
the share buy-back programme launched on 24 August 2007. Shareholders further
approved a 1-for-10 share split and respective increase of the number of shares.

Shareholders re-elected Messrs. Andreas Koopmann and Rolf Hanggi as members of
the Board of Directors for a full 3-year term. Due to the age limit set forth in
the Board Regulations, Mr. Peter Bockli did not stand for re-election. The Board
wishes to extend his gratitude to Mr. Peter Bockli for his invaluable services
as a member of the Board, the Audit Committee and chairman of the Compensation
and Nomination Committee. The AGM further elected Messrs. Paul Bulcke and Beat
W. Hess as new members of the Board. After the AGM, the Board appointed Mr. Paul
Bulcke as 'Administrateur delegue'/Chief Executive Officer of Nestle, succeeding
Mr. Peter Brabeck-Letmathe who stepped down after 11 years as CEO.

A very strong majority of 98.88 percent of the share capital represented at the
meeting approved the proposed revised Articles of Association. The new Articles
include abolishing the old attendance quorums and supermajority clauses;
lowering the threshold for shareholders to put items on the Annual General
Meeting agenda from 0.25% to 0.15% of total share capital; reducing Board
members' term of office from five years to three; and increasing the maximum
voting rights' percentage of any one shareholder from 3% to 5% of total share
capital.


For the year to come, the different Committees of the Board are composed as
follows:


Chairman's and Corporate
Governance Committee:      Messrs. Brabeck-Letmathe, Koopmann, Hanggi, 
                           Lord George, Villiger

Finance Committee:         Messrs. Hanggi, Lord George, Villiger

Audit Committee:           Messrs. Hanggi, Meyers, Villiger, Kudelski

Compensation and
Nomination Committee:      Messrs. Koopmann, Lord George, Borel



The Chairman's address can be read on the Nestle corporate website under 'Media
Center'

http://www.nestle.com/MediaCenter/SpeechesAndStatements/
SpeechesAndStatements.htm



Contacts:     Media:       Francois-Xavier Perroud        Tel.:  +41-21-924 2596
              Investors:   Roddy Child-Villiers           Tel.:  +41-21-924 3622



                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                        

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