“We Want the Board and Shareholders to Be One” – November 8th, 2022

That’s the opinion expressed by Paddy Casey who’s a Kerry Co-op shareholder. Some co-op shareholders intend compelling its board to hold an emergency vote which could affect plans for a joint venture with Kerry Group. This venture involves Kerry Co-op – which is the largest shareholder in Kerry Group – buying back the plc’s milk processing facilities for dairy farmers. Paddy Casey is one of the Kerry Co-op shareholders who want a vote on a share redemption scheme, which if passed, would leave the Kerry Co-op board with just €100m to finance this deal.