Dätwyler Holding Inc. held its 59th Annual General Meeting at the theater (uri) Tellspielhaus in Altdorf on Tuesday, 7 March 2017. The shareholders attending the meeting approved all proposals put for-ward by the Board of Directors.
In view of the fact that operating profitability has remained strong for several years and the highly promising potential for growth, the Annual General Meeting resolved to pay an unchanged dividend of CHF 2.20 per bearer share and CHF 0.44 per registered share. This equates to a distribution ratio of 64.9% of the reported or 32.0% of the adjusted net result. The dividend will be paid from 13 March 2017 upon presentation of Coupon No. 11. The day the shares commence trading without entitlement to the dividend (the ex-date) is 9 March 2017.
Chairman of the Board of Directors Ulrich Graf and long-standing board members Hans R. Rüegg and Ernst Lienhard were no longer able to stand for re-election due to their age. Paul Hälg was ap-pointed as the new Chairman to follow Ulrich Graf at the Annual General Meeting. Paul Hälg suc-cessfully led the Datwyler Group as CEO from 2004 to late 2016. “I am deeply gratified that we could fill the positions of Chairman of the Board of Directors and CEO with competent staff from among our own ranks,” explained Ulrich Graf, who successfully presided over the Board of Dätwyler Holding Inc from 2005 to 2017.
The other Directors were re-elected for a further one-year term. The separate meeting of bearer shareholders elected Jürg Fedier as their representative on the Board of Directors. The Board of Di-rectors has appointed Hanspeter Fässler as Vice-Chairman, succeeding Hans R. Rüegg. The Board of Directors of Dätwyler Holding Inc. now consists of seven members.