Datwyler AGM approves all Board proposals

(PresseBox) ( Altdorf, )
On Tuesday, 8 April 2014, Dätwyler Holding Inc. held its 56th Annual General Meeting at the theatre (uri) Tellspielhaus in Altdorf. The 228 shareholders attending the meeting approved all proposals put forward by the Board of Directors.

In view of the promising outlook and solid profitability, the Annual General Meeting declared an increased dividend of CHF 2.80 (previous year: CHF 2.60) per bearer share and CHF 0.56 (previous year: CHF 0.52) per registered share. This represents a payout ratio of 37.1% (previous year: 32.1%). The dividend will be paid from 15 April 2014 upon presentation of Coupon No. 7.

Furthermore, the Annual General Meeting approved a comprehensive amendment to the Articles of Association to implement the Swiss Ordinance against Excessive Compensation in Listed Companies (VegüV). One year earlier than required by law, the shareholders approved the maximum remuneration to be paid to the Board of Directors and Executive Board and elected the members of the Remuneration Committee and the Independent Proxy for the first time. In addition, Werner Inderbitzin resigned from the Board after 12 years of service as a Director. Chairman Ulrich Graf expressed appreciation for all his contributions to the Datwyler Group. The Board of Directors of Dätwyler Holding Inc. now consists of six members.
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