Bakkavor is now part of Greencore Group plc
We’re pleased to share that Bakkavor is now part of Greencore. Together, we’re combining best-in-class expertise to lead the way in convenience food and deliver more for our customers, colleagues, and shareholders.
Bakkavor is no longer a listed company following the acquisition by Greencore Group plc. Bakkavor shares (BAKK) were delisted from the London Stock Exchange on 16 January 2026.
Under the terms of the acquisition, Bakkavor shareholders are entitled to receive, in respect of each Bakkavor share held by them: 0.604 Greencore shares, 85 pence in cash, and one Contingent Value Right. Should you have any queries in relation to your shareholding, please contact Greencore’s Registrar Computershare on +353(0)1 431 9832 or via their website www.investorcentre.com/ie. The expected timetable of principal events is set out below:
2025 ANNUAL GENERAL MEETING
The Company’s 2025 Annual General Meeting (“AGM”) was held at 10am on Thursday, 22 May 2025.
All resolutions set out in the Notice of AGM dated 3 March 2025 and put to the meeting were decided on by a poll and were passed.
Resolutions 1 to 17 were each passed as an Ordinary Resolution (requiring a simple majority for them to be passed) and resolutions 18 to 21 were each passed as a Special Resolution (requiring at least a 75% majority for them to be passed).
The results for each resolution (which were announced via a regulatory information service on 22 May 2025), are set out in the attached document:
The Effective Date of the acquisition of Bakkavor by Greencore was 16 January 2026. Under the terms of the Co-operation Agreement (published on 15 May 2025), Greencore and Bakkavor agreed that if the Effective Date occurred on or before 31 January 2026, no dividends in respect of the 26-week period ending 28 June 2025 and the 52-week period ending 28 December 2025 will be paid.
For queries relating to any unclaimed dividends (up to 16 January 2026) please contact investor.relations@greencore.com.
Shareholdings as at 16 January 2026 and onwards For any queries regarding your current shareholding please contact Greencore’s Registrar, Computershare by telephone on +353(0)1 431 9832, via their website at www.investorcentre.com/ie or by post at Computershare Investor Services (Ireland) Limited, 3100 Lake Drive, Citywest Business Campus, Dublin 24, D24 AK82. For further information on Greencore Group plc, please visit their website www.greencore.com.
Past Shareholdings For queries relating to past shareholdings (accounts closed before 16 January 2026) or unclaimed dividends (up to 16 January 2026) please contact investor.relations@greencore.com.
Ben Waldron CEASED TO BE AN EXECUTIVE DIRECTOR OF BAKKAVOR GROUP PLC ON 31 October 2024
The following information is provided in accordance with Section 430 (2B) of the Companies Act 2006.
Further to the announcement on 5 September 2024, Ben Waldron ceased to be a Director of Bakkavor Group plc on 31 October 2024 and it is anticipated that he will remain an employee of the Group until 30 April 2025 to ensure a smooth handover.
Details of the remuneration arrangements and departure terms made are set out below. These terms are in line with the Company’s Directors’ Remuneration Policy (Policy) which was approved by shareholders at the 2024 Annual General Meeting.
Salary and benefits Ben’s 12-month notice period commenced on 5 September 2024 and he ceased to be a director on 31 October 2024. Ben will receive his base salary, benefits and pension until he ceases employment which is expected to be on 30 April 2025. Ben will not receive a payment in lieu of notice for the remaining unexpired period of notice.
Annual bonus Ben will be eligible for an annual bonus in respect of the 2024 financial year and, as it is anticipated he will remain in employment for the full 2024 financial year, this bonus will not be pro-rated. The bonus will be determined and paid at the normal time in 2025 following the year end audit and will be delivered in the form of cash and deferred shares as set out in the Policy. Ben’s unvested deferred bonus awards will vest on their normal vesting dates.
Long term incentives Ben has interests in unvested long term incentive awards and these will vest on their normal vesting dates subject to the achievement of performance conditions and a pro rata reduction to reflect Ben’s period of employment relative to the relevant three-year vesting periods. A two year holding period will apply on any vested awards. Ben will not receive an LTIP award in 2025.
All outstanding share awards will remain subject to malus and clawback conditions.
There are no payments for loss of office.
31 October 2024
Patrick Cook CEASED TO BE A Non-EXECUTIVE DIRECTOR OF BAKKAVOR GROUP PLC ON 16 january 2024
Further to the announcement on 15 January 2024, Patrick Cook ceased to be a Non-executive Director of Bakkavor Group plc on 16 January 2024.
No remuneration payment or payment for loss of office will be made to Patrick Cook in connection with the termination of his appointment.
16 January 2024
As a dynamic, growing and multinational business, Bakkavor is subject to a wide range of taxes in numerous jurisdictions. The complexity and ever-changing nature of tax is such that there is a risk that liabilities may be miscalculated or understated. To minimise any risk that a tax liability is materially misstated, the Group has an “in house” tax department of highly qualified and experienced specialists who are dedicated solely to ensuring our tax obligations are correctly calculated, paid and reported to tax authorities and to our stakeholders. These specialists regularly visit the various Bakkavor sites around the world and discuss with accounting and operations staff to ensure they are aware of proposed transactions, projects and expenditure across the business. Where necessary, external tax advisers are consulted to assist in certain areas. The Group Tax Director is in regular contact with the Chief Financial Officer to ensure both are aware of any tax related issues.
As well as minimising fiscal risk, Bakkavor proactively plans to reduce the group’s liability to tax to the extent permitted by legislation. For example, in partnership with our customers, Bakkavor allocates significant resources to new product development. Tax legislation encourages such innovation by granting additional tax deductions for certain qualifying activity. We would always expect to claim all the credits to which we are entitled in accordance with the relevant legislation. Tax planning is only done to minimise the tax cost of genuine commercial transactions. Bakkavor’s appetite for risk in respect of UK taxation is low.
We are committed to a completely open and transparent communication with the relevant tax authorities across the Group. In the UK for example, the Bakkavor tax team meet with HMRC at least once a year. On these occasions HMRC will be updated on the latest activity within Bakkavor including acquisitions, capital expenditure projects and financing. This allows HMRC to be aware of transactions on a timely basis rather than waiting until tax returns are filed after the event. There is a full and open discussion about the tax implications of these and other events.
This strategy is approved by the Board of Bakkavor Group plc. It is published in accordance with Finance Act 2016 Schedule 19 Paragraph 16(2) and applies to the Bakkavor Group UK companies for the year ended December 2025.
September 2025