Please find below all Forbo media releases listed by year.
The shareholders of Forbo Holding Ltd at their 81st Ordinary General Meeting in Zug approved all the proposals of the Board of Directors. They elected Mr. Vincent Studer as a new member of the Board of Directors and approved a possible change in use of the company's own shares repurchased via the second trading line. The par value repayment of CHF 3.90 per share will be made at the end of July 2009.
Baar, April 24, 2009
Today's Ordinary General Meeting of Forbo Holding Ltd was attended by 113 shareholders, representing 1,336,407 registered shares or 49.26 percent of the share capital issued.
The shareholders approved all the proposals of the Board of Directors by a large majority. They approved the Annual Report, the Annual Accounts and the Group Accounts for the financial year 2008 and granted discharge to the responsible governing bodies. Furthermore, they voted to accept the profit distribution in the form of a par value repayment in the amount of CHF 3.90 per share.
The proposal for a change in use of the company's own shares repurchased via the second trading line was approved by a large majority. The Board of Directors was authorized to resell these shares or to use them either as a means of payment for acquisitions or as underlying security for convertible and option rights.
Mr. Vincent Studer was elected as a new member of the Board of Directors for a term of office of three years.
And lastly, the shareholders extended the mandate of the statutory auditors PricewaterhouseCoopers by a further year.
Forbo is a leading producer of flooring systems, adhesives, as well as power transmission and conveyor belt solutions. The company employs some 6,500 people and has an international network of 44 sites with production and distribution as well as 51 pure sales organizations in a total of 35 countries worldwide. Forbo is headquartered in Baar in the canton of Zug, Switzerland.
Forbo Holding Ltd is listed on the SIX Swiss Exchange (security number 354151, ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.s).
This E. Schneider
Delegate of the Board of Directors and CEO
Phone +41 58 787 25 49
Fax +41 58 787 20 49