Annual General Meeting - Update Statement – Resolution 5 Voting Outcome
Magnum Ice Cream Company (MICC) reports the voting outcome and subsequent shareholder engagement on Resolution 5, the proposal to adopt its Foundation Plan for Growth, at the 7 May 2026 AGM.
Rhea-AI Summary
Magnum Ice Cream Company (MICC) reports the voting outcome and subsequent shareholder engagement on Resolution 5, the proposal to adopt its Foundation Plan for Growth, at the 7 May 2026 AGM.
Resolution 5 received 77.37% of votes in favour, triggering a UK Corporate Governance Code requirement to publish an update because more than 20% of votes were against. The Board engaged with shareholders and governance bodies before and after the AGM, continues to support the Foundation Plan as aligned with accountability, ownership and long-term value creation, and, after considering feedback, has concluded that no further actions are necessary at this time. Further updates are expected in the Company’s 2026 Annual Report.
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The Magnum Ice Cream Company N.V.
(TMICC or the Company)
Annual General Meeting - Update Statement – Resolution 5 Voting Outcome
The Company provides this update statement on its engagement with shareholders following the Annual General Meeting (AGM) held on 7 May 2026. Whilst a clear majority of shareholders,
The Board engaged extensively with shareholders and governance bodies as the Foundation Plan was developed, and continues to believe that it balances accountability, an ownership mindset, alignment with shareholder interests and long-term value creation. The Board also notes that it rightly carries downside risk for senior leaders from their direct co-investment. Through this detailed engagement, the Company developed a strong understanding of stakeholder views on the Foundation Plan and received support from a clear majority.
Following the AGM in May, the Board continued this process of engagement with shareholders and, taking into account this feedback, concluded that no further actions are necessary at this time.
The Board would like to thank all the shareholders who have engaged with the Company for their continuing feedback and support. In line with its normal practice, the Board will continue to engage with shareholders and their representative bodies and will provide further updates in the Company’s 2026 Annual Report.
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About The Magnum Ice Cream Company
The Magnum Ice Cream Company N.V. EURONEXT: MICC/ NYSE: MICC/ LSE: MICC is the world's leading ice cream business. Home to four of the world's five largest ice cream brands: Magnum, Ben & Jerry's, Cornetto and the Heartbrand, our portfolio delights consumers in 80 markets around the world. Headquartered in Amsterdam, The Netherlands, we have a global team of 19,000 employees, a network of 32 factories, 13 R&D centres, and a fleet of three million freezer cabinets. For more information, visit www.corporate.magnumicecream.com. TMICC's legal entity identifier is 25490052LLF3XH6G9847.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Why did Magnum Ice Cream Company issue an update on Resolution 5?
An update was required because Resolution 5, the proposal to adopt the Foundation Plan for Growth, received more than 20% of votes cast against it at the 7 May 2026 AGM. The UK Corporate Governance Code calls for a public update statement in such cases, explaining shareholder engagement and the Board’s response.
What is the Board’s current view of the Foundation Plan for Growth?
The Board continues to believe that the Foundation Plan for Growth balances accountability, an ownership mindset, alignment with shareholder interests and long-term value creation, and notes that it includes downside risk for senior leaders through their direct co-investment.
How can investors or media contact Magnum Ice Cream Company regarding this matter?
Media can contact the Company via media.relations-tmicc@magnumicecream.com, and investors can use investor.relations-tmicc@magnumicecream.com for enquiries.