Please find below all Forbo media releases listed by year.
The shareholders of Forbo Holding Ltd approved by a large majority all the proposals submitted by the Board of Directors to the 87th Ordinary General Meeting in Zug. The payment of a dividend of CHF 16 per share from the capital contribution reserve will take place as of May 4, 2015. The dividend is exempt from withholding tax.
Baar, April 24, 2015
117 shareholders attended today's Ordinary General Meeting of Forbo Holding Ltd; a total of 1,413,410 registered shares were represented, or 65.74 percent of the share capital issued.
The shareholders adopted all the proposals of the Board of Directors by a large majority. They approved the Annual Report, the annual statements, and the consolidated financial statements, while also granting discharge to the responsible governing bodies. In addition, they voted in favor of the proposal to distribute a withholding tax-exempt dividend of CHF 16 per share from the capital contribution reserve.
They approved the capital reduction and corresponding amendment to the Articles of Association in connection with the share buyback program approved at the Ordinary General Meeting of April 25, 2014. They also adopted the new proposal to buy back own shares up to a maximum of 10% of the share capital over a period of three years for the purpose of a capital reduction.
In a consultative vote, the 2014 remuneration report was approved by a large majority. The Ordinary General Meeting approved by a wide majority the variable remuneration of the Executive Board for 2014, the maximum total remuneration of the Board of Directors for 2016, and the maximum fixed remuneration of the Executive Board for 2016.
The current members of the Board of Directors were all re-elected for one year: This E. Schneider, Executive Chairman, and the members Dr. Peter Altorfer, Michael Pieper, Claudia Coninx-Kaczynski, Dr. Reto Müller, and Vincent Studer. The current members of the Remuneration Committee – Dr. Peter Altorfer, Claudia Coninx-Kaczynski, and Michael Pieper – were also re-elected for a further year.
The Ordinary General Meeting adopted the motion, for reasons of good corporate governance, to change from PricewaterhouseCoopers Ltd to KPMG Ltd as Statutory Auditor for the 2015 business year.
Furthermore, René Peyer was re-elected as independent proxy.
Forbo is a leading manufacturer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions. The company employs more than 5,100 employees and has an international network of 24 production facilities and distribution companies as well as 42 pure sales organizations in 36 countries across the globe. The company generated net sales of CHF 1,226.8 million in the 2014 business 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 number 354151, ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.S).
This E. Schneider
Phone +41 58 787 25 49
Fax +41 58 787 20 49