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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 80th 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 2007, the Annual General Meeting resolved to pay out a cash distribution of CHF 10 per share in the form of a par value reduction.
Baar, April 25, 2008
126 shareholders attended today’s Annual General Meeting of Forbo Holding Ltd; in total there were 1,282,554 registered shares or 47.27 per cent of the share capital issued represented.
The shareholders approved all the proposals of the Board of Directors by a large majority.
Given the successful business year in 2007, they approved a cash distribution of CHF 10 per share in the form of a par value reduction.
The proposal to buy back own shares up to a maximum of 10 per cent of the registered capital over a period of three years for a capital reduction was approved.
The Delegate of the Board of Directors and CEO, This E. Schneider, as well as Dr. Peter Altorfer, Member, were re-elected with vast majority for a further three-year term of office.
Forbo is a leading producer of flooring systems, adhesives and chemical bonds, as well as power transmission and conveyor belt solutions.
The company employs some 6,000 people and has an international network of 31 production companies with distribution, and 42 sales organizations in a total of 34 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
www.forbo.com
