General Meeting of Emmi AG
Date 04.11.2019 | Category: News
The General Meeting was attended by 1,458 shareholders, representing 4,351,102 of the registered shares or 81.33 % of the share capital.
Konrad Graber, Chairman of the Board of Directors of Emmi AG, chaired the General Meeting at which all proposals of the Board of Directors were approved. The Annual Report, the Consolidated Financial Statements and the 2018 Financial Statements of Emmi AG were approved, and discharge was granted to the members of the Board of Directors for their services during financial year 2018 (agenda items 1 and 2).
The shareholders approved the distribution of a dividend of CHF 9.00 per registered share (previous year: regular dividend of CHF 7.00 plus special dividend of CHF 3.00), made up of CHF 8.00 from retained earnings and CHF 1.00 from the recognised capital contribution reserves (agenda item 3). The dividend will be distributed on 17 April 2019.
The total amount of remuneration was also approved (agenda item 4). The shareholders thus approved the maximum fixed remuneration of the Board of Directors (CHF 970,000) and the Agricultural Council (CHF 40,000) for financial year 2019, the maximum fixed remuneration of Group Management for financial year 2020 (CHF 5,420,000) and the definitive variable remuneration of Group Management for financial year 2018 (CHF 1,040,000).
For detailed information please see the Invitation to the General Meeting 2019 and the Compensation Report 2018 emmi.com
Source: EmmiAuthor: COX