15/06/2010 | 08:00 CEST | Group Announcements
The shareholders of Sonova Holding AG approved all resolutions of the Board of Directors at the Annual General Shareholders’ Meeting on June 15, 2010 and decided on a dividend of CHF 1.20 per share. Around 650 shareholders attended the AGM of Sonova Holding AG in Zurich, representing approx. 47% of the total share capital.
The shareholders approved the proposal of a gross dividend of CHF 1.20 per share. This amounts to a payout of CHF 79.1 million corresponding to a payout ratio of approx. 20% of the consolidated net profit of last year’s reporting period. The dividend will be paid with the value date June 22, 2010.
The Annual General Shareholders’ Meeting elected Mr. John J. Zei as a new member of the Board of Directors for the statutory term of office of three years. John J. Zei (born 1944, US citizen) was CEO of Knowles Electronics, one of the primary suppliers of acoustic components for the hearing instrument industry, through the end of 2009. Since his retirement he now acts as Senior Advisor for the company. He will contribute his in depth expertise in the healthcare market, especially the hearing instruments industry.
The AGM approved the Annual Report of the company and discharged both the Board of Directors and the Management Board for its activity in the financial year 2009/10. All further proposals of the Board of Directors were approved by Sonova’s shareholders with a vast majority as well.
The next Annual General Shareholders’ Meeting will be convened on June 21, 2011 at the Hallenstadion in Zurich.