6460 Altdorf, ch
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Daetwyler AGM approves Board proposals
Daetwyler Holding Inc. held its 52nd Annual General Meeting at the theater (uri) Tellspielhaus in Altdorf on Tuesday, 27 April 2010. Shareholders attending the meeting approved all proposals put forward by the Board of Directors.
In view of the slight economic recovery and the Daetwyler Group's intact prospects for the future, the Annual General Meeting declared a dividend of CHF 1.20 per bearer share and CHF 0.24 per registered share. This represents a payout ratio of 32.3%. The dividend will be paid from 30 April 2010 upon presentation of Coupon No. 3.
The Annual General Meeting re-elected Directors Hans R. Rueegg (Deputy Chairman), Werner Inderbitzin and Ernst Lienhard (Bearer Shareholders' Representative) for another four-year term and Franz Steinegger for another three-year term. The meeting said goodbye to Franz J. Wuerth, who retired from the Board having reached the age limit. The Daetwyler Group is indebted to him for the valuable services he rendered for nearly 50 years. In his tribute, Chairman Ulrich Graf highlighted Franz J. Wuerth's significant contribution in setting up the Pharmaceutical Packaging and Technical Components Divisions.
Furthermore, the Annual General Meeting approved an amendment to the Articles of Association pursuant to the new Federal Intermediated Securities Act.
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