18.04.2012 - Rieter General Assembly Approves All Board Proposals
The 121st Annual General Meeting of Rieter Holding Ltd shareholders today approved all proposals by the Board of Directors, including amendment of the Articles of Incorporation to create authorized capital in the amount of 2.5 million CHF. Shareholders voted Dr. Jakob Baer, Michael Pieper, This E. Schneider, Hans-Peter Schwald and Peter Spuhler to the Board of Directors for another 3-year term of office, and approved a dividend payment of 6.00 CHF per registered share.
The 121st Annual General Meeting of Rieter Holding Ltd was attended by 650 shareholders representing 52.5 % of share capital. They approved all Board proposals, the Annual Report with the annual accounts and consolidated financial statements for 2011, and formal discharge of the Board of Directors and Group Executive Committee members for the business year 2011. Consultative approval of the Compensation Report was confirmed by an 81.55% majority of those present. A dividend of 6.00 CHF per registered share was approved for payment from capital reserves without deduction of withholding tax.
Shareholders voted Dr. Jakob Baer, Michael Pieper, This E. Schneider, Hans-Peter Schwald and Peter Spuhler to the Board of Directors for another 3-year term of office. Mr. This E. Schneider will continue as Vice Chairman of the Board and Lead Director.
By approving an amendment to the Articles of Incorporation, shareholders enabled the creation of authorized capital for the next two years in the amount of up to 2.5 million CHF or 500 000 shares. This assures Rieter of the necessary financial flexibility for exploiting without delay strategic opportunities such as acquisitions.
In his review of the current situation, Executive Chairman Erwin Stoller confirmed prospects for the business year 2012 as announced at the Rieter Results Press Conference on March 21.
Contact persons for further information:
Rieter Holding AG
Rieter Management AG
|Investor Relations ||Media Relations |
|Joris Gröflin |
Chief Financial Officer
|Barbara Rösch |
T +41 52 208 70 32
F +41 52 208 70 60