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Please find below all Forbo media releases listed by year.
Annual General Meeting approves the proposals of the Board of Directors by a large majority
The 79th Annual General Meeting of Forbo Holding Ltd was held in Zug today. The proposals of the Board of Directors were approved by a large majority. Given the successful business year in 2006, the Annual General Meeting resolved to pay out a cash distribution of CHF 6 per share in the form of a par value reduction.
The 79th Annual General Meeting of Forbo Holding Ltd was held in Zug today. The proposals of the Board of Directors were approved by a large majority. Given the successful business year in 2006, the Annual General Meeting resolved to pay out a cash distribution of CHF 6 per share in the form of a par value reduction.
Baar, April 27, 2007
140 shareholders attended today’s Annual General Meeting of Forbo Holding Ltd; they represented 848,576 registered shares or 31.23% of the share capital issued.
The shareholders approved all the proposals of the Board of Directors by a large majority.
Given the successful business year in 2006, they approved a cash distribution of CHF 6 per share in the form of a par value reduction.
Likewise, the proposed amendments to the Articles of Association – undertaken to be in line with current Corporate Governance standards – were also approved.
The Chairman of the Board of Directors, Dr. Albert Gnägi, and the Vice Chairman, Michael Pieper, were unanimously re-elected for a further three-year term of office.
Forbo is a leading producer of flooring systems, chemical bonds and adhesives, as well as power transmission and conveyor belt solutions.
The company employs some 5,800 people and has an international network of 30 production companies with distribution, and 40 sales organizations in a total of 33 countries. Forbo is headquartered in Baar in the canton of Zug, Switzerland.
Forbo Holding Ltd is listed on the SWX Swiss Exchange (security number 354151, ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.s).
Contact:
This E. Schneider
President and CEO
Phone +41 58 787 25 49
Fax +41 58 787 20 49