Proposal regarding the appropriation of the balance sheet profit

Proposal regarding the appropriation of the balance sheet profit

The Board of Directors will submit to the annual general meeting the following proposal regarding the appropriation of the balance sheet profit:

2018

 

2017

 

280.0

 

250.0

 

31.0

 

41.0

311.0

 

291.0

 

0

 

–11.0

311.0

 

280.0

Since the general statutory retained earnings exceed 50% of the share capital, there will be no further allocation.

The Board of Directors will propose to the annual general meeting of 12 April 2019 a distribution of capital of CHF 103.6 million by means of repayment of reserves from contribution of capital of CHF 6.50 per share.

 

2018

 

2017

15.9

 

797.1

 

0

 

–781.2

 

0

 

–681.6

 

0

 

–99.6

 

15.9

 

15.9

 

731.3

 

49.4

 

0

 

681.6

 

–103.6

 

0

627.7

 

731.0

The treasury shares of the company do not rank for distributions.

The distribution for the 2018 financial year as determined by the annual general meeting will be paid out to shareholders at the designated place of payment on or after 18 April 2019 free of charge and without deduction of withholding tax.

Baar, 12 February 2019

On behalf of the Board of Directors:

Bruno Bettoni, Chairman