2024 Annual General Meeting of VAT Group AG

At today’s ordinary Annual General Meeting (AGM) of VAT Group AG, shareholders approved all motions proposed by the Board of Directors, including maintaining an unchanged dividend of CHF 6.25 per share.

The meeting, held in St. Gallen, saw the participation of 351 shareholders, representing 67.82% of the company’s share capital.

Dr. Martin Komischke was re-elected as Chairman of the Board of Directors. Additionally, Urs Leinhäuser, Karl Schlegel, Hermann Gerlinger, Libo Zhang, Daniel Lippuner, and Petra Denk were confirmed as members of the Board. Thomas A. Piliszczuk was elected as a new Board member, replacing Maria Heriz, who did not seek re-election.

Urs Leinhäuser, Hermann Gerlinger, and Libo Zhang were re-elected to the Nomination and Compensation Committee (NCC).

Shareholders approved a dividend of CHF 6.25 per registered share from accumulated gains. The last trading day with dividend entitlement is Wednesday, May 15, 2024, with shares trading ex-dividend starting Thursday, May 16, 2024. Dividend payments will be made on Tuesday, May 21, 2024.

In a consultative vote, shareholders approved the Sustainability Report 2023 on non-financial matters. The 2023 Compensation Report also received overwhelming support. Additionally, in binding votes, shareholders approved the short-term incentive (STI) compensation for the Group Executive Committee (GEC) for 2023, the total maximum fixed compensation for the GEC for 2025, the maximum long-term incentive (LTI) compensation for the GEC for 2025, and the total maximum compensation for the eight Board members for the next term until the AGM 2025.

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