A vote will be taken on future investments at Kerry-Coop’s special general meeting this afternoon.
The meeting was organised after a number of shareholders, who have concerns over the co-op’s plans for a joint venture with Kerry Group, wanted a vote on a share redemption scheme.
The venture involves Kerry Co-op, which is the largest shareholder in Kerry Group, buying back the plc’s milk processing facilities for dairy farmers.
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The resolution seeks to cap investments made by Kerry Co-op’s board at €50 million in a five-year period.
If an investment exceeds this, it would need to be approved by shareholders at a special general meeting.
The meeting is taking place in the Kerry Sports Academy at the Munster Technological University.
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