Please find below all Forbo media releases listed by year.
The shareholders of Forbo Holding Ltd approved all the proposals submitted by the Board of Directors to the 88th Ordinary General Meeting in Zug by a large majority. Payment of the tax-exempt dividend of CHF 17 per share from the capital contribution reserve will take place as of May 6, 2016.
Baar, April 29, 2016
109 shareholders, representing 1,316,196 registered shares or 66.14 percent of the share capital issued, attended today's Ordinary General Meeting of Forbo Holding Ltd.
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 17 per share from the capital contribution reserve.
They approved the capital reduction and the corresponding amendment to the Articles of Association in connection with the share buyback program adopted at the Ordinary General Meeting of April 24, 2015.
They approved the 2015 remuneration report by a large majority in a consultative vote. The Ordinary General Meeting approved the variable remuneration of the Executive Board for 2015, the maximum total remuneration of the Board of Directors for 2017, and the maximum fixed remuneration of the Executive Board for 2017 by a wide majority.
All current members of the Board of Directors were re-elected for a further one-year term of office. They are the Executive Chairman This E. Schneider 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 confirmed for a further year.
Lastly, the shareholders extended the mandate of the auditor, KPMG Ltd, for a further 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 5,200 people and has an international network of 24 production facilities and distribution companies as well as 42 pure sales organizations in a total of 35 countries across the globe. The company generated net sales of CHF 1,139.1 million in the 2015 business year. Forbo 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