18/06/2013 | 18:10 CEST | Group Announcements
Staefa (Switzerland), 18.06.2013 – The shareholders of Sonova Holding AG approved all motions of the Board of Directors at the Annual General Shareholders’ Meeting (AGM) on June 18, 2013, and decided on a distribution of CHF 1.60 per share, without withholding taxes, from the capital contribution reserve. 492 shareholders attended the AGM of Sonova Holding AG in Zurich, representing approximately 65.68% of the total share capital.
The shareholders approved the proposal of a distribution of CHF 1.60 per share, without withholding taxes, from the capital contribution reserve. This amounts to a payout of approximately CHF 107.5 million corresponding to a payout ratio of approximately 35% of the normalized consolidated net profit of last year’s reporting period. The distribution will be made with the anticipated value date June 25, 2013.
The AGM re-elected Beat Hess (born in 1949, Swiss citizen) and John J. Zei (born in 1944, US citizen) as members of the Board of Directors for a term of office of three years. Furthermore Jinlong Wang (born in 1957, US citizen) was newly elected to the Board of Directors for a term of three years. 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 2012/13 and discharged the members of the Board of Directors and of the Management Board for their activities in the financial year 2012/13. Furthermore, the AGM ratified the compensation report 2012/13 in a non-binding advisory vote.
The next AGM will be convened on June 17, 2014.
The presentation and the minutes (in German) of the AGM 2013 will soon be available on our website:
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