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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 2.50 per registered share amounting to CHF 32,000,000, consisting of a dividend of CHF 1.25 per registered share and an appropriation from statutory capital contribution reserve to voluntary retained earnings and a payout of CHF 1.25 per registered share.

PROPOSED APPROPRIATION OF AVAILABLE EARNINGS

  

In CHF 1,000

2020

2019

Profit carried forward from prior year

16,411

24,791

Reclass from reserves for treasury shares

 

6,018

Profit for the year

11,066

621

Retained earnings available for Annual General Meeting

27,476

31,430

 

 

 

Proposed dividend payment

–16,000

–15,020

 

 

 

Balance to be carried forward

11,476

16,411

Proposed Appropriation from statutory capital contribution reserve

  

In CHF 1,000

2020

2019

Statutory capital contribution reserve before distribution

37,686

52,578

Proposed appropriation from statutory capital contribution reserve to voluntary retained earnings

–16,000

–14,893

Statutory capital contribution reserve after distribution

21,686

37,686

Proposed Payout

  

In CHF 1,000

2020

2019

Proposed dividend payment

 

 

Gross dividend per registered share: CHF 1.25 (2019: CHF 1.18)

 

 

on 12,728,634 shares entitled to distribution at 31 December 2020

15,911

15,020

on 71,366 treasury shares set aside for the employee share plan at 31 December 2020 1)

89

 

Less withholding tax

–5,600

–5,257

 

 

 

Proposed distribution from capital contribution reserve

 

 

Gross distribution per registered share: CHF 1.25 (2019: CHF 1.17)

 

 

on 12,728,634 shares entitled to distribution at 31 December 2020

15,911

14,893

on 71,366 treasury shares set aside for the employee share plan at 31 December 2020 2)

89

 

Less withholding tax

-

-

 

 

 

Total payout

26,400

24,655

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 reserve 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 reserve.