Phoenix Mecano's Annual General Meeting Approves All Proposals

Schaffhausen, May 24, 2024 - Phoenix Mecano AG held its Annual General Meeting today at Vienna House zur Bleiche in Schaffhausen. The meeting saw representation from 57 shareholders holding 51,129 share votes and 686,115 share votes through an independent proxy, totaling 76.76% of the share capital.

Shareholders approved the annual and consolidated financial statements for 2023. They also endorsed the Sustainability Report 2023 and the Remuneration Report in consultative votes. The proposed dividends, an ordinary dividend of CHF 18.00 and a special dividend of CHF 12.00 per share, were approved, leading to a total gross dividend of CHF 30.00 per share to be paid from May 30.

All Board of Directors members standing for election were re-elected for one year. Ulrich Hocker did not seek re-election and was succeeded by Claudine Hatebur de Calderón on the Remuneration Committee. Benedikt Goldkamp was confirmed as Chairman of the Board.

The next Annual General Meeting is scheduled for May 22, 2025.