Valora Holding AG’s General Meeting of shareholders approves all Board recommendations

07.05.2014 / 18:30 / Ad hoc, Shareholder, Stories

Basel, 07.05.2014 Media release - Medienmitteilung - Communiqué de presse

Valora Holding AG’s General Meeting of shareholders approves all Board recommendations

•  2013 financial statements and CHF 12.50 per share dividend approved

•  Remuneration Report 2013 accepted

•  All Board members confirmed - Rolando Benedick as Chairmain of the Board reelected

•  Cornelia Ritz Bossicard elected as new Board member

•  Amendment of the Articles of Incorporation in conformity with the Ordinance against Excessive Compensation in Listed Stock Corporations (OAEC) accepted

407 shareholders or their representatives attended Valora Holding AG’s Ordinary General Meeting in Basel. Shareholders attending in person, together with those whose shares were represented by the independent shareholders’ representative accounted for a total of 2,029,820 of Valora Holding AG’s voting shares. On all agenda items, the General Meeting approved the recommendations made by the Board of Directors. Details of the voting on the individual agenda items and the election of Board members can be found on Valora’s website.

 

2013 financial statements and CHF 12.50 per share dividend approved

The General Meeting approved the financial statements for 2013. The Board’s proposed distribution of a total of CHF 12.50 per share entitled to dividends - in the form of a withholding-tax exempt distribution from capital contribution reserves - was also approved and will take place on or about May 14, 2014.

 

Remuneration Report 2013 accepted

The General Meeting approved the Remuneration Report 2013 of Valora Holding AG in a consultative vote.

 

All Board members confirmed - Rolando Benedick as Chairmain of the Board reelected

Since 2008, the company’s articles of incorporation have stipulated that Board members are elected at each General Meeting for a term of office of one year. All current members of the Board of Directors, with the exception of Conrad Löffel, stood for re-election, and the General Meeting elected Messrs. Rolando Benedick, Markus Fiechter, Franz Julen, Bernhard Heusler and Peter Ditsch for further one-year terms of office, to run until the 2014 General Meeting. The Board of Directors would like to thank Conrad Löffel for his valuable services as a member of the Board and as Chairman of the Audit Committee.

 

Cornelia Ritz Bossicard elected as new Board member

The General Meeting elected Cornelia Ritz Bossicard to join the Board of Directors of Valora Holding AG.

 

Amendment of the Articles of Incorporation

The Board of Directors has moved that the General Meeting approve the amendment of the Articles of Incorporation in conformity with the Ordinance against Excessive Compensation in Listed Stock Corporations (OAEC). The General Meeting approved all submitted amendments to existing articles as well as the inclusion of new articles.

Further details to the amendment of the Articles of Incorporation can be found on Valora’s website.