At today's Ordinary General Meeting, Cembra Money Bank AG's shareholders newly elected Urs Daniel Baumann to the Board of Directors. Furthermore a dividend per share of CHF 2.85 and the amendments of the Articles of Incorporation related to the Minder Initiative have been approved.
Zurich, Switzerland – Dr. Felix A. Weber has been elected as Chairman of the Board for another period of office of one year and Urs Daniel Baumann has been newly elected to the Board of Directors. All other members of the Board of Directors (Christopher M. Chambers, Denis Hall, Richard Laxer, Dr. Peter Athanas) have also been re-elected for a further period of office of one year.
Furthermore a dividend of CHF 2.85 per registered share has been approved, resulting in a pay-out ratio of 64% of consolidated net income. As the dividend will be paid from the reserves from capital contributions, it will be exempt from Swiss withholding tax. The dividend will be paid starting 20 May 2014.
The amendments to the Articles of Incorporation related to the Minder Initiative and the Ordinance against Excessive Compensation in Listed Stock Corporations (OaEC), as well all other agenda items have been approved.
60 shareholders (incl. proxies), representing 19,431,998 registered shares or 64.77% of the shares, attended the meeting.
Key dates
15 May 2014 | Ex-dividend date |
19 May 2014 | Record date |
20 May 2014 | Dividend payment date |
29 August 2014 | First-half 2014 results |
Contacts
Media:
Brigitte Kaps; +41 44 439 8194; brigitte.kaps@cembra.ch
Investor Relations:
Christian Waelti; +41 44 439 8572; christian.waelti@cembra.ch