Zurich – The Annual General Meeting 2018 of Cembra Money Bank AG was held today in Zurich. 289 shareholders (including proxies) attended the meeting, representing 15,454,958 registered shares and 51.52% of the issued share capital, respectively.
All current members of the Board of Directors were re-elected for a further one-year term of office: Felix Weber (Chairman), Peter Athanas, Urs Baumann, Denis Hall, Katrina Machin, Monica Mächler and Ben Tellings.
Shareholders approved an ordinary dividend of CHF 3.55 per share. The dividend will be split in two components: CHF 3.00 will be paid out of reserves from capital contributions and, therefore, will not be subject to Swiss withholding tax. The remaining CHF 0.55 will be paid from retained earnings as the reserves from capital contributions will be depleted. The dividend will be paid starting 24 April 2018.
The Annual General Meeting also voted in favour of all other agenda items, including the Annual Report 2017 and the consultative vote on the Compensation Report 2016. KPMG was re-elected as the independent auditor and Andreas G. Keller as the independent proxy.