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11/06/2008 | 08:00 CEST | Company announcement

Annual General Shareholders' Meeting 2008

The Annual General Shareholders’ Meeting of Sonova Holding AG of June 11, 2008 approved all motions of the Board of Directors.
The shareholders decided a gross dividend of CHF 1.00 per share (33% higher than last year’s dividend) on the share capital entitled to dividends. The dividend will be paid with the value date June 16, 2008.


The complete revision of the Articles of Association of Sonova Holding AG was approved. The most important amendments are:

  • The abolition of the „opting up“ clause. In future any shareholder is required to make a public purchase offer if their holding reaches a legal threshold of 33 1/3% of total shares issued, rather than the previous threshold of 49%.
  • In future any shareholder or shareholder group with a stake of at least 1% (previously 5%) in Sonova is entitled to request an item be included on the agenda.
  • In future voting rights can be transferred to non-shareholders at the General Shareholders’ Meeting. 


The capital reduction owing to the share buy-back program was approved. By cancelling 1,395,000 shares with a par value of CHF 0.05 each, which were repurchased in the period from September 20, 2007 to April 25, 2008 pursuant to the share buy-back program, the share capital is reduced by CHF 69,750.00 from CHF 3,372,575.30 to CHF 3,302,825.30.


Heliane Canepa was re-elected as a member of the Board of Directors for the statutory term of office of three years and PricewaterhouseCoopers AG, Zürich, was re-elected as Statutory Auditors for a further period of one year.