Metall Zug AG Shareholders Approve All Proposals at Annual General Meeting

At the 137th Annual General Meeting of Metall Zug AG, shareholders approved all board of directors' proposals, including significant financial appropriations and board re-elections. Held in Zug, the event saw 255 shareholders present, which represented over 77% of the share capital.

Key approvals included the annual and consolidated financial statements for 2023, and a cash dividend distribution of CHF 2.00 per type A share and CHF 20.00 per type B share. Additionally, CHF 450,000 will be allocated to the Greenhouse Gas Fund for sustainability efforts. The total cash dividend amounts to a projected CHF 9,000,000, with the payments scheduled for May 3, 2024.

All existing board members were re-elected for another year, with Martin Wipfli continuing as the chairman. The meeting also set the remuneration for board members and senior management for the upcoming periods.

The next annual meeting is planned for May 9, 2025. Meanwhile, Metall Zug AG has announced the publication of its half-year report for 2024 on August 19, 2024.