Rieter Holdings raises dividend by 40% in 2013

10 Apr '14

2 min read

The Annual General Meeting of Rieter Holding Ltd adopted all motions proposed by the Board of Directors. Against the backdrop of the strong annual results reported for 2013, the company’s sound financial basis and the positive outlook for the current year, shareholders approved a dividend increase to 3.50 CHF per share (2.50 CHF per share in 2013).

Shareholders adopted the motions proposed by the Board of Directors to amend the Articles of Association to comply with the Regulation against excessive compensation at listed public companies (VegüV), which came into effect on January 1, 2014.

Erwin Stoller, Chairman of the Board of Directors, and Dr. Jakob Baer, Michael Pieper, This E. Schneider, Hans-Peter Schwald, Dr. Dieter Spälti and Peter Spuhler, directors, were re-elected for a one-year term of office. This E. Schneider, Hans-Peter Schwald and Erwin Stoller, the members of the Compensation Committee who were standing for election, were each confirmed for a one-year term of office.

The 123rd Annual General Meeting of Rieter Holding Ltd was attended by 687 shareholders representing 66.1% of the share capital. In a consultative vote the shareholders approved the Remuneration Report for 2013.

They thus adopted all motions proposed by the Board of Directors, including approval of the annual report, the annual accounts and the consolidated financial statements for 2013, and formal approval of the actions of the members of the Board of Directors and those of the Group Executive Committee in the 2013 financial year.

Rieter

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