BELIMO Holding AG

AGM Information • Mar 30, 2021

News Details

Ad-hoc | 30 March 2021 07:00

Belimo Holding AG: Annual General Meeting Approves All Motions

Belimo Holding AG / Key word(s): AGMEGM

30-March-2021 / 07:00 CET/CEST

Release of an ad hoc announcement pursuant to Art. 53 KR

The issuer is solely responsible for the content of this announcement.

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Hinwil (Switzerland), EMBARGOED UNTIL March 30, 2021, 07:00 a.m. CEST

Press Release of the Belimo Group

BELIMO Holding AG: Annual General Meeting Approves All Motions

The 46th Annual General Meeting of March 29, 2021 was again held without the participation of shareholders. In accordance with Ordinance 3 on measures to prevent the coronavirus (COVID-19) as of June 19, 2020, the Board of Directors had instructed that shareholders can exclusively issue power of attorney and voting instructions to the Independent Proxy. The shareholders were, however, invited to follow the Annual General Meeting through a livestream (the highlights of the meeting will be available here at a later date).

The Independent Proxy represented 73.88 percent of voting share capital at this year’s Annual General Meeting.

The shareholders approved all motions by the Board of Directors. They agreed to a dividend distribution of CHF 150.00 per share. The dividend will be paid out on April 6, 2021. They also agreed to conduct a twenty-for-one stock split. The first day of trading of the new shares after the split will be April 7, 2021.

The 2020 Remuneration Report containing details of the remuneration for the 2020 financial year was approved by a non-binding consultative vote. The shareholders discharged the members of the Board of Directors for their activities in the 2020 financial year. The fixed remuneration of the Board of Directors and the fixed and variable remuneration of the Executive Committee for the 2021 financial year were approved.

All incumbent members of the Board of Directors were re-elected for a further term of office of one year. Patrick Burkhalter was confirmed as the Chairman of the Board of Directors and Dr. Martin Zwyssig as the Deputy Chairman. Furthermore, the shareholders elected Sandra Emme (lead), Prof. Adrian Altenburger and Urban Linsi as members of the Remuneration and Nomination Committee for the next term of office of one year.

Proxy Voting Services GmbH (Managing Director: Dr. René Schwarzenbach), Grossmünsterplatz 1, 8001 Zurich (Switzerland), was re-elected as an independent representative of voting rights and KPMG AG was also re-elected for a further term of office of one year as the auditor.

The Belimo Group is a leading global manufacturer of innovative electrical actuator, valve, and sensor solutions for heating, ventilation, and air conditioning systems. The Company reported sales of CHF 661 million in 2020 and has around 1,900 employees. Information about the Company and its products is available on the internet at www.belimo.com .

The shares of BELIMO Holding AG have been traded on the SIX Swiss Exchange since 1995 (BEAN).

Contact		Dr. Markus Schürch, CFO		+41 43 843 65 01
		Gérard Moinat, IRO		+41 43 843 63 80
Agenda		Dividend Payment		April 6, 2021
		First day of trading after share split		April 7, 2021
		Publication of Semiannual Report 2021		July 22, 2020

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End of ad hoc announcement

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Language:	English
Company:	Belimo Holding AG
	Brunnenbachstrasse 1
	8340 Hinwil
	Switzerland
Phone:	+41 43 843 63 80
Fax:	+41 43 843 62 41
E-mail:	ir@belimo.ch
Internet:	www.belimo.com
ISIN:	CH0001503199
Listed:	SIX Swiss Exchange
EQS News ID:	1179429

End of Announcement	EQS Group News Service