GENEVA, Switzerland – 24 May 2013 – Temenos (SIX: TEMN), the market leading provider of mission critical solutions to the financial services industry, today held its Annual General Meeting (AGM).

Temenos shareholders approved all resolutions put to the AGM, which was held at the Temenos Headquarters. Voting was by poll and each resolution was passed by a clear majority.

At the AGM, shareholders approved a distribution of general reserve from capital contributions (dividend) in respect of the year to 31 December 2012 of CHF 0.28 (USD 0.30) per share, the company’s first ever dividend payment and a reflection the growing maturity of the company and the strength of its cashflows.

Shareholders also re-elected Mr. Andreas Andreades, and elected Mr. Erik Hansen, to Temenos’ Board of Directors as proposed, both for a term of office of one year.

Further resolutions approved by the majority of shareholders were:

• approval of the 2012 Annual Report, 2012 annual financial statements (including the compensation report), 2012 consolidated financial statements and the auditors’ reports;
• approval of the allocation of the available earnings;
• discharge of members of the Board of Directors and Senior Management;
• adoption of a new article authorising the creation of authorised capital until 24 May 2015 representing less than 20% of the registered share capital of the Company;
• adoption of other amendments to the articles; and
• re-election of PricewaterhouseCoopers SA, Geneva, as auditors for one year.

The minutes of the AGM can be found by clicking here.

- Ends -

About Temenos

Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and financial institutions. Headquartered in Geneva with 59 offices worldwide, Temenos software is proven in over 1,500 customer deployments in more than 140 countries across the world. Temenos’ products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ expertise around the globe. Temenos customers are proven to be more profitable than their peers: in the period 2008-2010, Temenos customers enjoyed on average a 30% higher return on assets, a 46% higher return on capital and an 8.5 percentage point lower cost/income ratio than banks running legacy applications.

For more information please visit www.temenos.com

Temenos contacts