Annual General Meeting of HUBER+SUHNER AG: Shareholders endorse all of the Board of Directors’ proposals

Ad Hoc announcement pursuant to Art. 53 LR
01.04.2020 - 19:00 (CET)

At the 51st Annual General Meeting of HUBER+SUHNER AG on 1 April 2020 in Pfäffikon ZH (Switzerland) the shareholders endorsed all proposals of the Board of Directors.

The retained earnings of CHF 251,976,549 will be used as follows:

  • Dividend of CHF 1.60 gross per registered share CHF 31,143,776
  • The balance carried forward amounts to CHF 220,832,773

With the ex-dividend date of 3 April 2020, payment of the dividend will be accomplished free of bank charges on Tuesday, 7 April 2020.

The Annual General Meeting confirmed Urs Kaufmann as Chairman of the Board of Directors as well as all other present members of the Board of Directors in office. George H. Müller, who had been a member of the Board of Directors since 2001, did not stand for re-election.

Ernst & Young AG, Zurich, was appointed as the company's auditors for the financial year 2020, and the law firm Bratschi Ltd., Zurich, as independent proxy up to and including the Annual General Meeting 2021. The shareholders approved all proposed compensations.

In accordance with Article 6a of COVID-19 Ordinance 2 of the Swiss Federal Council of 13 March 2020, as amended on 16 March 2020, the Annual General Meeting was held without the physical participation of shareholders. They were able to cast their votes in writing or electronically by issuing a power of attorney to the independent proxy. The Annual General Meeting was held on the premises of HUBER+SUHNER AG at its registered office in Pfäffikon ZH in the presence of the independent proxy and, via telephone conference, a representative of the auditors.

The minutes of the Annual General Meeting of HUBER+SUHNER AG with detailed results on the individual agenda items will be available at (Company/Annual General Meeting) from Thursday, 2 April 2020. The texts of the speeches of the Chairman of the Board of Directors and the CEO as well as the presentation to the Annual General Meeting are also published there.

Patrick G. Köppe
Head Corporate Communications
Tumbelenstrasse 20
8330 Pfäffikon ZH

+41 44 952 25 60