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

18.04.2013 / 20:30 / Ad hoc, Shareholder

Basel, 18.04.2013

Media release - Medienmitteilung - Communiqué de presse

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

  • 2012 financial statements and CHF 12.50 per share dividend approved
  • Remuneration report accepted
  • Authorised share-capital increase approved
  • All Board members confirmed
  • Ernst Peter Ditsch elected as new Board member

414 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, the representatives of custodian banks and the company itself, accounted for a total of 1,963,232 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 (http://www.valora.com/de/investors/annualgeneralmeeting/index.php).

 

2012 financial statements and CHF 12.50 per share dividend approved

The General Meeting approved the financial statements for 2012. The Board’s proposed distribution of a total of CHF 12.50 per share entitled to dividends - of which CHF 5.85 will be in the form of a withholding-tax exempt distribution from capital contribution reserves - was also approved and will take place on April 25, 2013.

 

Remuneration report accepted

The General Meeting approved the remuneration report of Valora Holding AG in a consultative vote.

 

Authorised share-capital increase approved

The Board’s recommendation of a renewal of the authorised share capital, along with a moderate increase in its amount, up to a maximum of 250,000 new registered shares of CHF 1 nominal value each, was approved.

 

All Board members confirmed

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, Conrad Löffel and Bernhard Heusler for further one-year terms of office, to run until the 2014 General Meeting.

 

Ernst Peter Ditsch elected as new Board member

The General Meeting elected Ernst Peter Ditsch (former owner of Ditsch/Brezelkönig) to join the Board of Directors of Valora Holding AG.