PROPOSED APPROPRIATION OF AVAILABLE EARNINGS
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
|
CHF 1,000 |
2021 |
2020 |
|
Profit carried forward from prior year |
11,542 |
16,411 |
|
Profit for the year |
16,621 |
11,066 |
|
Retained earnings available for Annual General Meeting |
28,163 |
27,476 |
|
|
|
|
|
Proposed dividend payment |
–16,000 |
–15,934 |
|
|
|
|
|
Balance to be carried forward |
12,163 |
11,542 |
PROPOSED APPROPRIATION FROM STATUTORY CAPITAL CONTRIBUTION RESERVE
|
CHF 1,000 |
2021 |
2020 |
|
Statutory capital contribution reserve before distribution |
21,752 |
37,686 |
|
Proposed appropriation from statutory capital contribution reserve to voluntary retained earnings |
–16,000 |
–15,934 |
|
Statutory capital contribution reserve after distribution |
5,752 |
21,752 |
PROPOSED PAYOUT
|
CHF 1,000 |
2021 |
2020 |
|
Proposed dividend payment |
|
|
|
Gross dividend per registered share: CHF 1.25 (2020: CHF 1.25) |
|
|
|
on 12,743,248 shares entitled to distribution at 31 December 2021 |
15,929 |
15,934 |
|
on 56,752 treasury shares set aside for the employee share plan at 31 December 2021 1) |
71 |
|
|
Less withholding tax |
–5,600 |
–5,577 |
|
|
|
|
|
Proposed distribution from capital contribution reserve |
|
|
|
Gross distribution per registered share: CHF 1.25 (2020: CHF 1.25) |
|
|
|
on 12,743,248 shares entitled to distribution at 31 December 2021 |
15,929 |
15,934 |
|
on 56,752 treasury shares set aside for the employee share plan at 31 December 2021 2) |
71 |
|
|
Less withholding tax |
- |
- |
|
|
|
|
|
Total payout |
26,400 |
26,291 |
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.