Metall Zug AG: General meeting of shareholders approves all proposals Freitag, 03. Mai 2019 - 21:12

Press release dated May 3, 2019

Zug, May 3, 2019 – At the 132nd ordinary general meeting of shareholders of Metall Zug AG, the shareholders approved all the proposals of the Board of Directors. A dividend of CHF 7.00 per registered share of type A and CHF 70.00 per registered share of type B will be paid. Sandra Emme, Claudia Pletscher and Dominik Berchtold were elected as new Board members.

In the ZUGORAMA store of V-ZUG in Zug, a total of 344 shareholders, representing 74.4% of the share capital and 94.5% of the votes, attended the 132nd ordinary general meeting of shareholders of Metall Zug AG and approved all the proposals of the Board of Directors.

The general meeting of shareholders approved the 2018 annual report and the annual and consolidated financial statements and – on the basis of a consultative vote – the 2018 compensation report. The shareholders then approved the appropriation of available earnings in 2018 as follows: distribution of a dividend in the amount of CHF 7.00 (gross) for each registered share of type A and CHF 70.00 (gross) for each registered share of type B. Therefore, the total value of the dividend distribution – no distribution is paid on treasury shares – is expected to be CHF 31,378,900, and CHF 20,310,709 will be carried forward. The dividend will be paid on May 9, 2019.

The existing members of the Board of Directors, Heinz M. Buhofer, Marga Gyger, Dr. Peter Terwiesch and Martin Wipfli were reelected for a further term of office of one year. Marga Gyger started her last term of office and will retire from the Board of Directors at the ordinary general meeting of shareholders in 2020, in accordance with the term limits set down in the Articles of Association. Sandra Emme, Claudia Pletscher and Dominik Berchtold were elected as new Board members for a term of one year. Heinz M. Buhofer, who has been a member of the Board of Directors of Metall Zug AG since 1997, was confirmed as Chairman of the Board of Directors.

With a large majority, the general meeting of shareholders then approved – prospectively in both cases – the fees paid to members of the Board of Directors until the next ordinary general meeting of shareholders and the fixed compensation for Senior Management for the year 2020. The general meeting of shareholders also approved the variable compensation for Senior Management retrospectively for the 2018 financial year.

The next ordinary general meeting of shareholders of Metall Zug AG will take place on Friday, April 24, 2020 in Zug.

About the Metall Zug Group

Metall Zug is an industrial group of companies headquartered in Zug. The Group has around 5,000 employees and, as of January 1, 2019, comprises six business units:

• Household Appliances (V-ZUG AG, SIBIRGroup AG, Gehrig Group AG and other subsidiaries)
• Infection Control (Belimed Group)
• Life Science Solutions (Belimed Life Science AG, Belimed Life Science d.o.o.)
• Medical Devices (Haag-Streit Group)
• Wire Processing (Schleuniger Group)
• Technology Cluster & Infrastructure (V-ZUG Immobilien AG, V-ZUG Infra AG, MZ Infra AG)

The holding company Metall Zug AG is listed in the Swiss Reporting Standard of SIX Swiss Exchange in Zurich (type B registered shares: securities number 3982108, ticker symbol METN).

Disclaimer

This press release is published in German and English. The German version is binding.

Key dates

This press release is available at www.metallzug.ch/en/medien/medienmitteilungen

The 2018 annual report is available in electronic format at www.metallzug.ch/en/investoren/geschaeftsberichte-praesentationen.