Grupo Herdez announces the main resolutions adopted by the Annual General Ordinary Shareholders’ Meeting

Mexico City, Mexico, April 23, 2021 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (BMV: HERDEZ) announces the main resolutions adopted by the Annual General Ordinary Shareholders’ Meeting that took place on April 22, 2021.

DIVIDEND PAYMENT
Approval of a dividend payment of MXN 1.20 per share, payable in two exhibitions May 12th and October 13th, 2021.

BOARD OF DIRECTORS
Ratification of the members of the board of directors and non-member secretaries as follows:

Proprietary Members Position
Héctor Ignacio Hernández-Pons TorresChairman
Enrique Hernández-Pons TorresVice-chairman
Flora Hernández-Pons Torres De MerinoDirector
Independent Members
Anasofía Sánchez Juárez CardozeDirector
Enrique Castillo Sánchez MejoradaDirector
Eduardo Ortíz Tirado Serrano Director
José Roberto Danel Díaz Director
Luis Rebollar Corona Director
Michael Bernhard Jost Director
Secretaries
Claudia Lorena Luna HernándezSecretary (non-member)
Martín Ernesto Ramos OrtízPro-Secretary (non-member)

AUDIT AND CORPORATE PRACTICES COMMITTEES
Ratification of the members of the Committees:

Audit Committee

  • Eduardo Ortiz Tirado Serrano
  • José Roberto Danel Díaz (President) (FE)
  • Michael Bernhard Jost

(FE) Financial Expert

Corporate Practices Committee

  • Héctor Ignacio Hernández-Pons Torres
  • Enrique Hernández-Pons Torres
  • José Roberto Danel Díaz (President)
  • Luis Rebollar Corona

COMPENSATION FOR MEMBERS OF THE BOARD
A compensation of a net amount of three gold coins of MXN$50.00 each, or its equivalent in Mexican pesos after deducting income tax, for all members of the board of directors, non-members secretary and prosecretary of the board of directors, and a net amount of two gold coins of MXN$50.00 each for the members
of the audit and corporate practices committees and other assistants, for attending each meeting of the board of directors and any of the committees of the board of directors, respectively.

AMOUNT FOR REPURCHASE OF SHARES
Approval of MXN 1.5 billion as the maximum amount the Company may allocate for the repurchase of its shares, as relates to Article 56 section IV of the Securities Market Act.

CANCELLATION OF SHARES
Cancellation of 26,078,985 shares representing the variable portion of Stockholders’ Equity has been approved. As the shares were acquired by the Company, the cancellation will not result in a reduction of Stockholders’ Equity.
Consequently, the Company has 364,682,499 ordinary, registered shares, with no par value.

REPORT ON COMPLIANCE WITH FISCAL OBLIGATIONS
Presentation of the report prepared by an authorized public accountant, certifying the financial statements of the Company and the fiscal situation of the Company for the previous fiscal year, according to article 76 section XIX of the Mexican Income Tax Law.

DESIGNATION OF SPECIAL DELEGATES
Special delegates were designated.