The Annual Shareholder Meeting of COMET Holding AG approves all proposals
At the 67th Annual Shareholder Meeting of COMET Holding AG, shareholders approved all of the Board of Directors' proposals. The following resolutions were approved:
The Annual Shareholder Meeting approved the annual report and the annual financial statements for 2015. Total retained earnings of CHF 65.2 million were carried forward to the new account. The proposal by the Board of Directors for the transfer of paid-in capital and the payment of CHF 11.00 per registered share from the distributable paid-in capital reserve was approved. Shareholders will receive the payment on April 27, 2016. Furthermore, the shareholders granted the Board of Directors and the Executive Board discharge for 2015.
The members of the Board of Directors standing for re-election, Hans Hess, Lucas A. Grolimund, Rolf Huber and Prof. Dr. Gian-Luca Bona, once again received a vote of confidence and were subsequently re-elected for a term of office of one year until the Annual Shareholder Meeting in 2017. In addition, Dr. Mariel Hoch and Dr. Franz Richter were appointed new members of the Board of Directors. Hans Hess – Chairman of the Board of Directors since 2007 – was confirmed in office. Rolf Huber was also confirmed as a member of the Nomination & Compensation Committee. Dr. Mariel Hoch was appointed as a new member of the Nomination & Compensation Committee. Ernst & Young AG was elected as the auditor for the fiscal year 2016, and Patrick Glauser, Fiduria AG, Berne, was elected as independent proxy up to and including the 2017 Annual Shareholder Meeting.
The Annual Shareholder Meeting also approved the reintroduction of section 3a para. 1-3 of the Articles of Association, and thus the renewal of the authorized capital in the amount of CHF 1.4 million. The Board of Directors is therefore authorized, at any time until April 21, 2018, to increase the capital stock by issuing up to 140,000 fully payable registered shares with a par value of CHF 10.00 per share. The Annual Shareholder Meeting also approved the amendment of section. 15 of the Articles of Association, stipulating the Board of Directors now consists of at least five members.
The shareholders approved the compensation to the Board of Directors for the forthcoming term of office, the fixed compensation to the Executive Board for fiscal year 2017 as well as the variable compensation to the Executive Board for 2015.
The next Annual Shareholder Meeting of COMET Holding AG will be held on April 20, 2017, in Berne.