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Please find below all Forbo media releases listed by year.

Forbo shareholders approve all proposals from the Board of Directors

The shareholders of Forbo Holding Ltd approved all of the proposals submitted by the Board of Directors to the 86th Ordinary General Meeting by a wide majority. The payment from the capital contribution reserve of a dividend of CHF 14 per share will take place as of May 5, 2014. The dividend is exempt from withholding tax.

Baar, April 25, 2014

119 shareholders attended today's Ordinary General Meeting of Forbo Holding Ltd; a total of 1,487,471 registered shares were represented, or 66.11 percent of the share capital issued.

The shareholders approved all proposals from the Board of Directors by a wide majority. They accepted the Annual Report, the Financial Statements, the Consolidated Financial Statements and the Remuneration Report for the financial year 2013, while also granting discharge to the responsible governing bodies. In addition, they approved the proposal to distribute a withholding taxexempt dividend from the capital contribution reserve of CHF 14 per share.

They approved the capital reduction and corresponding amendment to the Articles of Association in connection with the share buyback program approved at the General Meeting of November 5, 2012 which is now completed. They also approved the new proposal to buy back own shares up to the maximum of 10% of the share capital over a period of three years for the purpose of a capital reduction.

Due to the necessary amendments to the Ordinance against Excessive Remuneration in Listed Public Companies (OaER), several amendments of the Articles of Association were voted on this year. The Ordinary General Meeting approved all the proposals put forward by the Board of Directors.

As announced a year ago, Dr. Albert Gnägi will, after nine years of chairing the Board of Directors, not stand for reelection as he has reached the regulatory retirement age.

He is leaving behind a company that is free of debt, successful and well positioned. The value of Forbo increased fivefold during his tenure.

The Board of Directors hereby thanks Dr. Albert Gnägi for his great and successful commitment.

This E. Schneider, who has acted as Delegate of the Board of Directors and CEO for ten years, was elected as Executive Chairman of the Board of Directors by a clear majority.

The previous members of the Board of Directors were all reelected by a wide majority: Dr. Peter Altorfer, Dr. Reto Müller, Michael Pieper and Vincent Studer. As a new member of the Board of Directors, Claudia Coninx-Kaczynski was also elected by a wide majority. Dr. Peter Altorfer, Claudia Coninx-Kaczynski and Michael Pieper were elected to the Remuneration Committee.

The shareholders also extended the mandate of PricewaterhouseCoopers AG as Statutory Auditor for an additional year. René Peyer was elected as independent proxy.

Forbo is a leading producer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions. The company employs a workforce of more than 5,000 and has an international network of 24 production facilities and distribution companies as well as six assembly operations and 40 sales organizations in 36 countries worldwide. The company generated net sales of CHF 1,199.7 million in the 2013 financial year and is headquartered in Baar in the Canton of Zug, Switzerland.

The Group company Forbo Holding Ltd is listed on the SIX Swiss Exchange (Securities No. 354151, ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.S).

Contact person:

Karin Marti
Head Corporate Communications
Phone +41 58 787 25 49
Fax +41 58 787 20 49

  • E Final Medienmitteilung GV 2014

    Media release