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

14.04.2016 / 18:30 / Ad hoc, Shareholder

Basel, 14. April 2016

Media release - Medienmitteilung - Communiqué de presse

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

•  2015 financial statements and CHF 12.50 (gross) per share dividend approved

•  Remuneration Report 2015 and authorised share capital increase accepted

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

•  Approval of total compensation for Members of the Board of Directors and for Members of the Executive Committee

453 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 1 680 197 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.

 

2015 financial statements and CHF 12.50 (gross) per share dividend approved

The General Meeting approved the financial statements for 2015. The Board’s proposed distribution of a total of CHF 12.50 (gross) per share entitled to dividends was also approved and will take place on or about April 20, 2016.

 

Remuneration Report 2015 and authorised share capital increase accepted

The General Meeting approved the Remuneration Report 2015 of Valora Holding AG in a consultative vote. The authorised share capital increase was also accepted.

 

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 stood for re-election, and the General Meeting elected Messrs. Rolando Benedick, Markus Fiechter, Franz Julen, Bernhard Heusler, Peter Ditsch and Mrs. Cornelia Ritz Bossicard for further one-year terms of office, to run until the 2017 General Meeting. Rolando Benedick was reelected as Chairmain of the Board of Directors.

 

Approval of total compensation for Members of the Board of Directors and for Members of the Executive Committee

For the first time the General Meeting voted on the total compensation for the Members of the Board of Directors (period AGM 2016 to AGM 2017) and for the Members of the Executive Committee for the business year 2017. The General Meeting approved both agenda items.