19/06/2012 | 19:35 CEST | Company announcement
Staefa (Switzerland), 19.06.2012 – The shareholders of Sonova Holding AG approved all motions of the Board of Directors at the Annual General Shareholders’ Meeting (AGM) on June 19, 2012, and decided on a distribution of CHF 1.20 per share, without withholding taxes, from the capital contribution reserve. 633 shareholders attended the AGM of Sonova Holding AG in Zurich, representing approximately 59.11% 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 79.89 million corresponding to a payout ratio of approximately 32% of the consolidated net profit of last year’s reporting period. The distribution will be made with the anticipated value date June 26, 2012.
The AGM re-elected Anssi Vanjoki (born 1956, Finnish citizen) and Ronald van der Vis (born 1967, Dutch citizen) as members of the Board of Directors for a term of office of two years. Furthermore, Dr. Michael Jacobi (born 1953, Swiss and German citizen), Andy Rihs (born 1942, Swiss citizen) and Robert F. Spoerry (born 1955, Swiss citizen) were re-elected as members of the Board of Directors for a term of three years. Dr. Beat Hess (born 1949, Swiss citizen) was newly elected to the Board of Directors for a term of one year. PricewaterhouseCoopers AG, Zurich was re-elected as Statutory Auditors for a further period of one year.
The AGM approved the Annual Report, the consolidated financial statements, and the financial statements of Sonova Holding AG for the financial year 2011/12 and discharged the members of the Board of Directors and of the Management Board for their activities in the financial year 2011/12. Furthermore, the AGM ratified the compensation report 2011/12 in a non-binding advisory vote. The proposed amendments to the Articles of Association (Art. 6 and Art. 16) were also approved by the AGM.
The next AGM will be convened on June 18, 2013.
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