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FrieslandCampina's Member Council Approves 2018 Annual Reports

29 March 2019

NETHERLANDS - The Member Council of Zuivelcoöperatie FrieslandCampina UA yesterday adopted the annual reports of Zuivelcoöperatie FrieslandCampina UA for the year 2018.

Additionally, it approved the proposal of the Board to add an amount of €76 million to the result for the year 2018 (2017: €144 million) to the general reserve of the cooperative.

Furthermore, the Member Council approved the Board's resolution to adopt Royal FrieslandCampina's 2018 annual report, including the resolution to - in the framework of the established reservation policy - issue €14 million (€0.13 per 100 kilos of milk) of member bonds to the cooperative with the obligation to transfer these to its members.

The Member Council of Zuivelcoöperatie FrieslandCampina UA consists of 210 district leaders (ten from each of the 21 districts).

TheCattleSite News Desk


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