Oerlikon raises annual dividend by 8% to CHF 0.27/share

19 May '14

1 min read

Oerlikon’s Annual General Meeting approved an 8% dividend increase to CHF 0.27 per share for 2013. This is the third dividend payment since 2004 and the third successive dividend in three years. All resolutions were passed by significant majorities.

318 shareholders attended this morning Oerlikon’s Annual Shareholders’ Meeting at the Culture and Convention Center in Lucerne, representing 70.5 % of the share capital. To provide clarity and transparency for its shareholders, Oerlikon implemented the most relevant provisions of the Ordinance Against Excessive Compensation in Public Companies, asking the shareholders for approval of the respective amendments of the Articles of Association. All resolutions were passed by significant majorities.

The meeting re-elected all six Board members for a one-year term. Accordingly Oerlikon’s Board of Directors comprises the following members: Tim Summers, Kurt J. Hausheer, Mikhail Lifshitz, Gerhard Pegam, Carl Stadelhofer and Hans Ziegler.

The shareholders elected Tim Summers as Chairman of the Board and Tim Summers, Carl Stadelhofer and Hans Ziegler as members of the Human Resources Committee. Furthermore they approved all remuneration related matters with a clear majority.

Oerlikon

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