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BELIMO Holding AG
AGM Information • Mar 31, 2020
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Ad-hoc | 31 March 2020 07:00
BELIMO Holding AG: Annual General Meeting Approves All Motions
Belimo Holding AG / Key word(s): AGMEGM
31-March-2020 / 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.
Hinwil (Switzerland), EMBARGOED UNTIL March 31, 2020, 07:00 a.m. CET
Press Release of the Belimo Group
BELIMO Holding AG: Annual General Meeting Approves All Motions
The Annual General Meeting of March 30, 2020 was held at the headquarters of BELIMO Holding AG in Hinwil (Switzerland) excluding personal attendance of all shareholders. Having regard to ordinance 2 on measures to prevent coronavirus (COVID-19) the Board of Directors decided to take this precautionary measure for the protection of its shareholders.
The independent proxy therefore represented 86.91 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 3, 2020.
The 2019 Remuneration Report containing details of the remuneration for the 2019 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 2019 financial year. The fixed remuneration of the Board of Directors and the fixed and variable remuneration of the Group Executive Committee for the 2020 financial year were approved.
All incumbent members of the Board of Directors were re-elected for a further term of office of one year. The shareholders also elected Stefan Ranstrand as a new member of the Board of Directors. Patrick Burkhalter was confirmed as the Chairman of the Board of Directors and Dr. Martin Zwyssig as the Deputy Chairman. Furthermore, the shareholders elected Prof. Adrian Altenburger (lead) and Sandra Emme as members of the Remuneration 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 693 million in 2019 and has approximately 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 | ||
| Agenda | Dividend Payment | April 3, 2020 | ||
| Publication of Semiannual Report 2020 | August 3, 2020 | |||
| Publication of Sales 2020 | January 21, 2021 | |||
| Publication of Annual Report 2020 / Media and Financial Analysts Conference |
March 8, 2021 | |||
| Annual General Meeting 2021 | March 29, 2021 | |||
Additional features:
Document: https://eqs-cockpit.com/c/fncls.ssp?u=XKQRRGLJFN
Document title: BELIMO Holding AG: Annual General Meeting Approves All Motions
End of ad hoc announcement
Information and Explanation of the Issuer to this News:
Hinwil (Switzerland), EMBARGOED UNTIL March 31, 2020, 07:00 a.m. CET
Press Release of the Belimo Group
BELIMO Holding AG: Annual General Meeting Approves All Motions
The Annual General Meeting of March 30, 2020 was held at the headquarters of BELIMO Holding AG in Hinwil (Switzerland) excluding personal attendance of all shareholders. Having regard to ordinance 2 on measures to prevent coronavirus (COVID-19) the Board of Directors decided to take this precautionary measure for the protection of its shareholders.
The independent proxy therefore represented 86.91 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 3, 2020.
The 2019 Remuneration Report containing details of the remuneration for the 2019 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 2019 financial year. The fixed remuneration of the Board of Directors and the fixed and variable remuneration of the Group Executive Committee for the 2020 financial year were approved.
All incumbent members of the Board of Directors were re-elected for a further term of office of one year. The shareholders also elected Stefan Ranstrand as a new member of the Board of Directors. Patrick Burkhalter was confirmed as the Chairman of the Board of Directors and Dr. Martin Zwyssig as the Deputy Chairman. Furthermore, the shareholders elected Prof. Adrian Altenburger (lead) and Sandra Emme as members of the Remuneration 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 693 million in 2019 and has approximately 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 | ||
| Agenda | Dividend Payment | April 3, 2020 | ||
| Publication of Semiannual Report 2020 | August 3, 2020 | |||
| Publication of Sales 2020 | January 21, 2021 | |||
| Publication of Annual Report 2020 / Media and Financial Analysts Conference |
March 8, 2021 | |||
| Annual General Meeting 2021 | March 29, 2021 | |||
| 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: | [email protected] |
| Internet: | www.belimo.com |
| ISIN: | CH0001503199 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1010453 |
| End of Announcement | EQS Group News Service |