Report Publication Announcement • May 26, 2023
Report Publication Announcement
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Ad hoc announcement pursuant to Art. 53 LR
Landis+Gyr Group AG / Key word(s): AGMEGM/Annual Results
Landis+Gyr Publishes Annual Report 2022 and Invitation to AGM 2023
26-May-2023 / 06:50 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Cham, Switzerland – May 26, 2023 – Landis+Gyr Group AG (SIX: LAND) today published its Annual Report 2022, which is available on the Company’s website ( https://investors.landisgyr.com/annual-report/2022/ ). The report provides comprehensive information about the Group’s business and financial performance, corporate governance, remuneration, and sustainability achievements in the financial year 2022 (April 1, 2022 – March 31, 2023).
In addition, Landis+Gyr today issued the invitation to the Annual General Meeting to be held on June 22, 2023, in Zug, which is available on the Company’s website ( www.landisgyr.com/agm ). As communicated on May 2, 2023, the Board of Directors proposes, amongst other items, a distribution from statutory capital reserves of CHF 2.20 per share.
As also communicated at the beginning of May, two changes to the Board of Directors are planned for the upcoming Annual General Meeting of Shareholders. Søren Thorup Sørensen, representative of Landis+Gyr’s largest shareholder KIRKBI, has informed the Board of Directors that he will not stand for re-election after serving on the Board for four years. As the new representative of KIRKBI, the Board of Directors proposes the election of Peter Christopher V. Bason as new director. Peter Bason has been Head of Long-Term Equity at KIRKBI since 2020 with prior experience at Altor Equity Partners and at McKinsey & Company.
In addition, the Board of Directors proposes the election of Audrey Zibelman as a new independent director. Audrey Zibelman brings a wealth of experience in grid operations, power markets, and public service to the Board. During her long career she most recently served at Alphabet's moonshot factory X, was CEO of the Australian Energy Market Operator and CEO of the New York Public Services Commission.
Amongst other items, the Board of Directors also proposes to amend Landis+Gyr Group AG’s articles of association in order to align them with the revised Swiss corporate law and to replace the Company’s authorized capital with a capital band.
Media Contact
Eva Borowski
SVP Investor Relations & Corporate Communications
Phone +41 41 935 6396
Investor Contact
Christian Waelti
Head of Investor Relations
Phone +41 41 935 6331
Key dates
| Annual General Meeting 2023 | June 22, 2023 |
| Ex-Dividend Date | June 26, 2023 |
| Dividend Payment Date | June 28, 2023 |
| Publication of Half Year Results 2023 | October 25, 2023 |
| Release of Results for Financial Year 2023 | May 8, 2024 |
About Landis+Gyr
Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided more than 9.5 million tons of CO 2 in FY 2022, Landis+Gyr manages energy better – since 1896. With sales of USD 1.7 billion in FY 2022, Landis+Gyr employs around 7,800 talented people across five continents. For more information, please visit our website www.landisgyr.com .
End of Inside Information
| Language: | English |
| Company: | Landis+Gyr Group AG |
| Alte Steinhauserstrasse 18 | |
| 6330 Cham | |
| Switzerland | |
| E-mail: | [email protected] |
| Internet: | www.landisgyr.com |
| ISIN: | CH0371153492 |
| Valor: | 37115349 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1642473 |
| End of Announcement | EQS News Service |
1642473 26-May-2023 CET/CEST
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