Zurich, 28 March 2012
Rolf U. Sutter, Chairman of the Board of Directors of ORIOR AG, chaired the Annual General Meeting, at which all the Board's proposals were passed. The annual report and the 2011 parent-company and consolidated financial statements were approved, and the acts of the Board of Directors and Management Board were discharged. In the subsequent elections, all six Board Members were confirmed for a further one-year term of office. In addition, Ernst & Young AG, Basel, was re-elected as auditor for the 2012 financial year. The Board's proposal that the authorised capital be extended at its current level of 1,190,426 shares and under the same terms until 27 March 2014 was approved.
Shareholders also approved the Board of Directors' dividend proposal for 2011. The dividend payment of CHF 1.93 net per registered share (prior year: CHF 1.90) is to be made on or around 3 April 2012. The payment will be made from the capital contribution reserve and so will not be subject to deduction of withholding tax. This distribution ratio of 40.5% is in line with the defined dividend policy, which aims for a distribution of around 40% of net profit.
The 347 shareholders present represented 3,891,792 voting shares, or 65.7% of the total share capital of 5,925,000 issued shares.