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Annual general meeting 2014 approves all board proposals

May 9, 2014

At the annual general meeting of Panalpina World Transport (Holding) Ltd., held on May 9, 2014, 60.35% of the share capital was represented. All proposals of the board of directors were approved by a clear majority.

The annual general meeting approved the annual report, the annual financial statements, the consolidated financial statements 2013 and the distribution of a gross dividend of CHF 2.20 per nominal share. The dividend will be distributed on May 16, 2014.

 

The articles of association were adapted to the new provisions of law relating to the compensation of listed stock companies. The amendment of the articles of association, as well as the proposed maximum total compensation of the board of directors and of the executive board up until the annual general meeting 2015 and respectively for the financial year 2015, were also approved.

 

The assembly granted discharge to all members of the board of directors and the members of the executive board for the financial year 2013. All members of the board of directors were reelected for another one year term of office.

 

The compensation committee and the independent representative of voting rights were elected as proposed by the board of directors too.

 

KPMG AG, Zurich, was reelected as statutory auditor for the financial year 2014.

 

The next annual general meeting is scheduled for May 12, 2015.

 

 

About Panalpina

The Panalpina Group is one of the world's leading providers of supply chain solutions. The company combines its core products of Air Freight, Ocean Freight, and Logistics to deliver globally integrated, tailor-made end-to-end solutions. Drawing on in-depth industry know-how and customized IT systems, Panalpina manages the needs of its customers' supply chains, no matter how demanding they might be. Energy Solutions is a specialized service for the energy and capital projects sector. The Panalpina Group operates a global network with some 500 offices in more than 75 countries, and it works with partner companies in a further 90 countries. Panalpina employs 15,000 people worldwide who deliver a comprehensive service to the highest quality standards – wherever and whenever.