Zurich, 12 April 2013
2012 dividend increased to CHF 1.95 per share. Monika Walser and Dominik Sauter new Board members. Erland Brügger steps down from the Board of Directors.
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 2012 parent-company and consolidated financial statements were approved, and the Board of Directors and Management Board were discharged of liability. In the subsequent elections all former Board Members except Erland Brügger, who was not standing for re-election, were confirmed for a further one-year term of office. Monika Walser and Dominik Sauter were elected to the Board of Directors for the first time, likewise for a one-year term. In addition, Ernst & Young AG, Basel, was re-elected as auditor for the 2013 financial year.
Shareholders also approved the Board of Directors' dividend proposal for the 2012. The dividend payment of a net CHF 1.95 per registered share (prior year: CHF 1.93) will be made on or around 18 April 2013. The payment will be made from capital contribution reserves and is therefore not subject to Swiss withholding tax. The payout ratio of 41.4% is in line with the company's stated policy of distributing approximately 40% of net profit to shareholders.
The 495 shareholders present represented 4,001,629 voting shares or 67.54% of total share capital of 5,925,000 issued shares.