The Annual General Meeting approved the annual report, the annual financial statements, the consolidated financial statements and the distribution of a gross dividend. Proposed changes in the articles of association of the company were approved, amongst others the reduction of the share capital by cancellation of 1.25 million registered shares, which were repurchased in the context of the share repurchase program concluded in 2008, and by way of reducing the nominal value of the registered shares of CHF 2.00 by CHF 1.90 to new CHF 0.10.
The Annual General Meeting granted discharge to the members of the Board of Directors as well as the members of the Executive Board for the financial year 2011. KPMG AG, Zurich, was re-elected as statutory auditor for the financial year 2012.
Clearly re-elected for a term of office of one year were Rudolf W. Hug, Beat Walti, Lars Förberg, Chris E. Muntwyler, Roger Schmid, Hans-Peter Strodel and Knud Elmholdt Stubkjær.
Link to the Board of Directors.
The next Annual General Meeting is scheduled for May 15, 2013.