21/06/2011 | 08:00 CEST | Company announcement
Stäfa (Switzerland), 21.06.2011 - The shareholders of Sonova Holding AG approved all resolutions of the Board of Directors at the Annual General Shareholders’ Meeting (AGM) on June 21, 2011 and decided on a distribution of CHF 1.20 per share, without withholding taxes, from the capital contribution reserve. 759 shareholders attended the AGM of Sonova Holding AG in Zurich, representing approximately 49.5% of the total share capital.
The shareholders approved the proposal of a distribution of CHF 1.20 per share, without withholding taxes, from the capital contribution reserve. This amounts to a payout of CHF 79.76 million corresponding to a payout ratio of approximately 25% of the consolidated net profit of last year’s reporting period, excluding one-off effects. The distribution will be paid with the value date June 28, 2011.
The Annual General Shareholders’ Meeting re-elected Heliane Canepa (born 1948, Swiss citizen) as a member of the Board of Directors for the statutory term of office of three years.
The AGM approved the Annual Report, the consolidated financial statements, and the financial statements of Sonova Holding AG for the financial year 2010/2011 and discharged the non-executive members of the Board of Directors for their activities in the financial year 2010/11. PricewaterhouseCoopers AG, Zurich was re-elected as Statutory Auditors for a further period of one year. Furthermore, the Annual General Shareholders’ Meeting ratified the compensation report 2010/2011 in a non-binding advisory vote.
The next Annual General Shareholders’ Meeting will be convened on June 19, 2012 at the Hallenstadion Zurich.
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