Annual General Meeting approves all proposals

The shareholders approved all proposals of the Board of Directors with a large majority, including the payment of a dividend of CHF 8.00 per share. This corresponds to a payout ratio of 51.1%. The dividend will be paid primarily from available earnings and, to a smaller extent, from capital contribution reserves. Payments are scheduled to begin on 16 October 2024.

The Annual General Meeting also approved all proposed re-elections to the Board of Directors, each for a term of one year. While John Y. Liu has retired from the Board of Directors, Marianne Janik and Ilias Läber were elected as new independent members.

In addition, the Annual General Meeting approved the Group Management Report, the Annual Financial Statements and the Consolidated Financial Statements, as well as, for the first time, the Report on Non-Financial Matters (part of the Sustainability Report) for the financial year 2023/24.

In a consultative vote, the shareholders also approved the 2023/24 compensation report. The proposed maximum amount for compensation of the Board of Directors until the 2025 Annual General Meeting and the proposed maximum amount for compensation of the Group Executive Board for the 2025/26 financial year were also approved.

In addition, the Annual General Meeting re-elected PricewaterhouseCoopers AG as auditors and the law firm Keller AG as independent proxy for a further term of one year. 

More details on the Annual General Meeting 2024 can be found on www.dk.world/AGM.