BUCHER INDUSTRIES AG Press release
Niederweningen, 19 April 2017
Annual general meeting approves all proposals from the board of directors
At today's annual general meeting, the shareholders of Bucher Industries AG approved all the board's proposals. A dividend of CHF 5.00 per registered share will be paid out. 211 shareholders with voting rights attended. Altogether, 70.91% of all votes were represented.
In his report to the annual general meeting, Jacques Sanche, CEO of Bucher Industries AG, said the Group had mastered a challenging year in 2016 and anticipates an improved performance in the current year. He said the Group's highly skilled employees had made a particularly valuable contribution. The shareholders present went on to ratify all the proposals of the board of directors. They confirmed all the members standing for election to the board of directors and the remuneration committee. They also re-elected Philip Mosimann as chairman.
Ernst Bärtschi (65) did not stand for re-election having served twelve years on the board. The board of directors thanked him for his valuable contribution to the success of Bucher Industries and wished him all the best for the future. Following the departure of Ernst Bärtschi, the board of directors will comprise six members.
A large majority of the annual general meeting also approved the remuneration of the members of the board of directors and group management.
The dividend of CHF 5.00 per registered share will be paid out to shareholders on 25 April 2017. As of 21 April 2017, the shares will be traded without the right to dividends.
The next ordinary annual general meeting will take place on 18 April 2018 at 3.30 pm at the Mövenpick Hotel in Regensdorf, Switzerland.
The following documents about the 2017 annual general meeting are available on the Bucher Industries website at http://www.bucherindustries.com/en/investor-relations/annual-general-meeting:
- Invitation to the annual general meeting, including information on the agenda
- Presentation on the business performance in 2016, including notes on the remuneration packages
- The minutes of the annual general meeting, once they become available
Contact
Jacques Sanche, CEO
Christina Johansson, CFO
Phone +41 43 815 80 40
E-mail: media@bucherindustries.com
www.bucherindustries.com
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