Rieter

A leading global supplier for textile machinery and components used in short-staple fiber spinning

A leading global supplier for textile machinery and components used in short-staple fiber spinning

The global provider of components for all spinning processes

Yarns that follow fashion

Rieter offers attractive positions around the world

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04/09/2014 - Rieter’s 2014 Annual General Meeting adopts all motions – dividend raised to 3.50 CHF per share (+41%) │Shareholders approve amendments to the Articles of Association

The Annual General Meeting of Rieter Holding Ltd adopted all motions proposed by the Board of Directors. Against the backdrop of the strong annual results reported for 2013, the company’s sound financial basis and the positive outlook for the current year, shareholders approved a dividend increase to 3.50 CHF per share (2.50 CHF per share in 2013).

Shareholders adopted the motions proposed by the Board of Directors to amend the Articles of Association to comply with the Regulation against excessive compensation at listed public companies (VegüV), which came into effect on January 1, 2014. Erwin Stoller, Chairman of the Board of Directors, and Dr. Jakob Baer, Michael Pieper, This E. Schneider, Hans-Peter Schwald, Dr. Dieter Spälti and Peter Spuhler, directors, were re-elected for a one-year term of office. This E. Schneider, Hans-Peter Schwald and Erwin Stoller, the members of the Compensation Committee who were standing for election, were each confirmed for a one-year term of office.

The 123rd Annual General Meeting of Rieter Holding Ltd was attended by 687 shareholders representing 66.1% of the share capital. In a consultative vote the shareholders approved the Remuneration Report for 2013. They thus adopted all motions proposed by the Board of Directors, including approval of the annual report, the annual accounts and the consolidated financial statements for 2013, and formal approval of the actions of the members of the Board of Directors and those of the Group Executive Committee in the 2013 financial year.

Further dates in 2013

Semi-annual report for 2014        July 23, 2014

About Rieter

Rieter is a leading supplier on the world market for textile machinery and components used in short-staple fiber spinning. Based in Winterthur (Switzerland), the company develops and manufactures systems, machinery and technology components used to convert natural and manmade fibers and their blends into yarns. Rieter is the only supplier worldwide to cover spinning preparation processes as well as all four final spinning processes currently established on the market. With 18 manufacturing locations in ten countries, the company employs a global workforce of some 4 800, about 25% of whom are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under the ticker symbol RIEN. (www.rieter.com)

 

For further information please contact:

Rieter Holding Ltd
Rieter Management Ltd
Investor Relations
Media Relations

Joris Gröflin

Chief Financial Officer

T +41 52 208 70 15

F +41 52 208 70 60

 investor@rieter.com

 www.rieter.com

Cornelia Schreier

Head Corporate Communications

T +41 52 208 70 32

F +41 52 208 70 60

 media@rieter.com

 www.rieter.com

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