DANONE S/ADR - DANOY STOCK NEWS

Danone has announced the total number of shares and voting rights as of May 31, 2022. The total number of shares stands at 675,787,600, with a total number of theoretical voting rights reaching 700,463,107. The exercisable voting rights are 664,036,531. This disclosure complies with Article L. 233-8 II of the French Commercial Code and Article 223-16 of the AMF regulations, ensuring transparency in shareholder rights and corporate governance.

Danone has agreed to sell its 25% stake in Yashili and 20% stake in Inner Mongolia Dairy Joint Venture to Mengniu. Concurrently, Danone will acquire 100% of Dumex Baby Food Co Ltd, enhancing its footprint in the infant milk formula market in China. These transactions signal the end of Danone's partnership with Mengniu after previously selling a 9.8% stake in 2021. The proceeds from the sale will be used for deleveraging, reinforcing Danone's commitment to strengthening its operations in the strategically important Chinese market.

Danone has provided an update regarding its voting rights and shares as of April 30, 2022. The company reported a total of 674,524,174 shares outstanding. The total number of theoretical voting rights stands at 699,594,063, while the total number of exercisable voting rights is 663,160,779. This information complies with the French Commercial Code and the regulations of the Financial Markets Authority. The figures are crucial for shareholders monitoring shareholding thresholds.

Danone has formed a strategic alliance with Compañía Cervecerías Unidas (CCU) in Argentina, where CCU has acquired a significant minority stake in Aguas Danone de Argentina. This partnership aims to enhance both companies' beverage offerings and strengthen their market position in a competitive landscape. Danone emphasizes the alliance as a vital step to better serve Argentinian consumers, while CCU views it as an opportunity to enter a new beverage category and promote established brands, fostering greater industry dynamism.

On April 26, 2022, Danone held its Shareholders' Meeting, attended by 66.98% of its shareholders. All resolutions proposed by the Board were approved, including the financial statements for 2021 and a dividend distribution of €1.94 per share, payable on May 12, 2022. The meeting also confirmed the appointment of new Board members. Additionally, the Board agreed to cancel 13.2 million treasury shares and continue an Employee Share Subscription Plan, allowing eligible employees to subscribe to new shares at a 30% discount.

Danone reported net sales of €6.236 billion in Q1 2022, marking a 7.1% like-for-like increase, attributed to a 4.9% price rise and 2.2% volume/mix growth. All regions showed positive performance: Europe up 5.7%, North America 5.5%, and China/North Asia 15.3%. Despite significant supply challenges and mid-teens inflation, Danone reiterated its 2022 guidance for a 3-5% like-for-like sales growth and an operating margin above 12%. The company continues to focus on product mix management and productivity improvements.

DANONE has released an update regarding its total number of shares and voting rights as of March 31, 2022. The company reports a total of 687,682,489 shares outstanding. The total theoretical voting rights are 712,802,904, while the total exercisable voting rights are 663,211,305. This information is disclosed in compliance with the French Commercial Code and the Financial Markets Authority regulations, ensuring transparency for shareholders and stakeholders.

Danone has announced its Combined Shareholders’ Meeting set for April 26, 2022, at 2:30 PM Paris time at the Maison de la Mutualité.

The preliminary notice was published on February 28, with the official notice released on April 4. Shareholders can find detailed participation and voting information on Danone’s website.

Notably, shareholders holding 0.8% of the company’s capital have requested the inclusion of a draft resolution in the agenda.