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

Ad Hoc announcement pursuant to Art. 53 LR
10.04.2019 - 19:00 (CET)

At the 50th Annual General Meeting of HUBER+SUHNER AG on 10 April 2019 in Winterthur (Switzerland) the shareholders endorsed all proposals of the Board of Directors.

The retained earnings of CHF 249'676'465 will be used as follows:

  • Ordinary dividend of CHF 1.50 plus anniversary dividend of CHF 1.00 per registered share.
  • Total gross dividend of CHF 2.50 per registered share CHF 48'633'400
  • The balance carried forward amounts to CHF 201'043'065

With the ex-dividend date of 12 April 2019, payment of the dividend will be accomplished free of bank charges on Tuesday, 16 April 2019.

A record-high number of shareholders attended the anniversary general meeting. The Annual General Meeting confirmed Urs Kaufmann as Chairman of the Board of Directors in office as well as all other present members standing for election. The Annual General Meeting newly elected Dr. Franz Studer to the Board. He replaces Dr. Christoph Fässler who did not stand for re-election and had been a Member of the Board of Directors since 2013.

Ernst & Young AG, Zurich, was appointed as the company's auditors for the financial year 2019, and the law firm Bratschi Ltd., Zurich, as independent proxy up to and including the Annual General Meeting 2020. The shareholders approved all proposed compensations.
The German version is binding.

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

+41 44 952 25 60