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Proposed appropriation of available earnings

Audited information

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.

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