Proposed appropriation of available earnings
The Board of Directors proposes to the Annual General Meeting a distribution of CHF 2.35 per registered share amounting to CHF 30,080,000, consisting of a dividend of CHF 1.18 per registered share and an appropriation from statutory capital contribution reserves to voluntary retained earnings and a payout of CHF 1.17 per registered share.
PROPOSED APPROPRIATION OF AVAILABLE EARNINGS
|
In CHF 1,000 |
31.12.2019 |
31.12.2018 |
|
Profit carried forward from prior year |
24,791 |
29,377 |
|
Reclass from reserves for treasury shares |
6,018 |
–6,018 |
|
Profit for the year |
621 |
1,433 |
|
Retained earnings available for Annual General Meeting |
31,430 |
24,791 |
|
|
|
|
|
Proposed dividend payment |
–15,104 |
- |
|
|
|
|
|
Balance to be carried forward |
16,326 |
24,791 |
Proposed Appropriation from statutory capital contribution reserve
|
In CHF 1,000 |
2019 |
2018 |
|
Statutory capital contribution reserves before distribution |
52,578 |
82,459 |
|
Proposed appropriation from statutory capital reserves to voluntary retained earnings |
–14,976 |
–29,881 |
|
Statutory capital contribution reserves after distribution |
37,602 |
52,578 |
Proposed Payout
|
In CHF 1,000 |
2019 |
2018 |
|
Proposed dividend payment |
|
|
|
Gross dividend per registered share: CHF 1.18 (2018: CHF -) |
|
|
|
on 12,715,149 shares entitled to distribution at 31 December 2019 |
15,004 |
- |
|
on 84,851 treasury shares set aside for the employee share plan at 31 December 2019 1) |
100 |
- |
|
Less withholding tax |
–5,286 |
- |
|
|
|
|
|
Proposed distribution from capital contribution reserve |
|
|
|
Gross distribution per registered share: CHF 1.17 (2018: CHF 2.35) |
|
|
|
on 12,715,149 shares entitled to distribution at 31 December 2019 |
14,877 |
29,881 |
|
on 84,851 treasury shares set aside for the employee share plan at 31 December 2019 2) |
99 |
- |
|
Less withholding tax |
- |
- |
|
|
|
|
|
Total payout |
24,794 |
29,881 |
1) The Company will waive its entitlement to dividend for the treasury shares held on the distribution date which are reserved for use in its employee share plan. The amount due on these shares will be taken to the profit carried forward.
2) The Company will waive its entitlement to such payments from the statutory capital contribution reserves for the treasury shares held on the distribution date which are reserved for use in its employee share plan. The amount due on these shares will be taken to the statutory capital contribution reserves.