Datwyler's AGM approves all board proposals.
Ad hoc announcement pursuant to Art. 53 LR SIX Swiss Exchange | March 9, 2019
Jens Breu newly elected as Director Dätwyler Holding Inc. held its 61th Annual General Meeting on Tuesday evening 12 March 2019 at the Theater Uri Tellspielhaus in Altdorf. The shareholders who attended approved all proposals put forward by the Board of Directors.
In view of the steady profitability level and given that prospects look promising, the Annual General Meeting decided on an unchanged dividend of CHF 3.00 per bearer share and CHF 0.60 per registered share. This represents a pay-out ratio of 42.1% of the net result. The dividend will be paid as from 18 March 2019 upon presentation of Coupon No. 13. On 14 March 2019, the shares will trade without entitlement to dividend (the ex-date).
The existing Directors were re-elected for another one-year term. As a further representative of the bearer shareholders the Annual General Meeting newly elected Jens Breu to the Datwyler Board of Directors, which now consists of eight members. 46-year-old mechanical engineer Jens Breu has been CEO of the listed SFS Group since early 2016. He has wide-ranging entrepreneurial experience, knows Datwyler’s target markets, and is very familiar with the strategic issues of a global component supplier. Hanspeter Fässler (Chairman), Gabi Huber and Claude R. Cornaz were re-elected as members of the Nomination and Compensation Committee.