BELIMO Holding AG's 49th Annual General Meeting: Shareholders Approve All Motions

On March 25, 2024, the 49th Annual General Meeting for BELIMO Holding AG took place, bringing together 488 shareholders at the ENTRA event location in Rapperswil, Switzerland. These shareholders, along with the Independent Voting Rights Representative, accounted for 68.9% of the company's shares, embodying a strong participation rate.

The assembly passed all proposals put forth by the Board of Directors. Notably, the dividend was kept stable at CHF 8.50 per share, with a distribution date set for April 2, 2024. The 2023 Report on Non-Financial Matters and the Remuneration Report for the same year received approval through consultative votes. Furthermore, the shareholders agreed to absolve the Board of Directors of their duties for the 2023 financial year.

Proposed modifications to the Articles of Incorporation were sanctioned, mainly to align with updates in Swiss company law. Approval was given for the suggested maximum remuneration for the Board of Directors and Executive Committee for the fiscal years 2024 and 2025.

All current Board members were re-elected for another year. Patrick Burkhalter will continue as the Chairman, with Dr. Martin Zwyssig as his Deputy. The Remuneration and Nomination Committee saw the re-election of its members for an additional year. Proxy Voting Services GmbH and Ernst & Young AG were confirmed as the Independent Voting Rights Representative and External Auditor, respectively.