Message from the Chairman on the ordinary general assembly of shareholders of NV Vandemoortele held on May 12th at 3 PM:

By deviation from the proposal made by the board of directors on March 19th, 2020 to the general assembly, NV Safinco, the sole voting shareholder, due to the exceptional and uncertain situation created by the Covid-19 crisis, has decided to reduce the dividend pay-out from NV Vandemoortele to NV Safinco by one third, i.e. from 42,12 € per share ( total 22.889.145,24 euros ) to 27,61 € per share ( total 15.004.019,47 euros )

About Vandemoortele

Vandemoortele was founded in 1899 as a Belgian family business, and has continued to grow and develop ever since. Over the last two decades, we became a European food company with leading positions in two product categories: Bakery Products (BP) and Plant-Based Food Solutions. We are known for supplying innovative and high-quality products. 

In 2022, Vandemoortele realised a turnover of around EUR 1.7 billion with 4,600 associates (permanent and temporary). The Vandemoortele Group headquarters are located in Ghent, Belgium. We have commercial offices in 12 European countries, as well as in the United States and Asia. We operate in 29 high-quality production sites all over Europe, in order to ensure proximity to all our key markets. We export from Europe to approximately 70 countries worldwide.

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Marc Croonen