Shareholders of Private Equity Holding AG Approve All Proposals by the Board of Directors

At the Annual General Meeting held on June 3, 2024, in Zug, shareholders of Private Equity Holding AG approved all proposals by the Board of Directors. These approvals included the annual report, the IFRS financial statements, and the statutory annual financial statements for the fiscal year 2023/2024, with a 100% approval rate.

The shareholders granted discharge to the Board of Directors with a 97% approval rate. Additionally, Dr. Hans Baumgartner, Martin Eberhard, Dr. Petra Salesny, and Fidelis Götz were re-elected as board members for a one-year term, ending in 2025. Approval rates for these re-elections ranged from 90.6% to 98.7%.

The shareholders also elected KBT Treuhand AG, Zurich, as the independent proxy with a 99.7% approval rate and re-appointed PricewaterhouseCoopers AG, Zurich, as statutory auditors for the coming year with a 94% approval rate.

A distribution of CHF 1.00 per registered share was approved, divided equally between ordinary dividends and capital contribution reserve repayment. A proposal to increase this payment to CHF 5.00 per share was declined (98.8% votes against). The compensation for the Board was set at a maximum total of CHF 200,000, and additional compensation for the Delegate of the Board was capped at CHF 100,000.

Significant amendments to the Articles of Association, including the implementation of a capital band and relocation of the registered office from Zug to Zurich, were also approved.