Arbonia AG General Meeting Approves Key Motions and Future Dividend Plans

On April 19, 2024, Arbonia AG conducted its 37th Annual General Meeting where shareholders approved all motions set forth by the Board of Directors. These included the adoption of the Management Report, Financial Statements, Consolidated Financial Statement, and Report on Non-financial Matters for the 2023 fiscal year. They also ratified the formal discharge to the members of the Board and Group Management.

In addition, shareholders greenlighted the consultative vote on the compensation report for 2023, along with the total compensation motions for both Board and Group Management members for the 2023/2024 period. A key financial decision made was to carry over the entire retained earnings into a new account. Importantly, the Board shared plans to propose a sizable CHF 280 million nominal value repayment from the sale proceeds of the Climate Division, contingent upon the closure of the transaction. This proposal would reduce the nominal value from CHF 4.20 to CHF 0.20 per share but expected to be tax-free for most shareholders.

Furthermore, the proposal includes an ordinary dividend of CHF 0.30 per share for 2023, half of which would be funded from capital contribution reserves and half from retained earnings. The Board and its existing members were reaffirmed for another year, and both the independent proxy and KPMG as the statutory auditor were confirmed until the next annual meeting.