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05.04.2024 18:45:28 - dpa-AFX: EQS-News: Forbo shareholders approve all proposals of the Board of Directors (english)
Forbo shareholders approve all proposals of the Board of Directors
Forbo Holding AG / Key word(s): AGMEGM
Forbo shareholders approve all proposals of the Board of Directors
05.04.2024 / 18:45 CET/CEST
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MEDIA RELEASE
At today's 96th Ordinary General Meeting of Forbo Holding Ltd in Zug, the
shareholders approved all of the Board of Directors' proposals by a large
majority. The dividend of CHF 25 per share will be paid out as of April 12,
2024.
Baar, April 5, 2024
Today's Ordinary General Meeting of Forbo Holding Ltd was attended by 126
shareholders, representing 1,058,918 registered shares or 71.31% of the
share capital issued.
The shareholders accepted all of the Board of Directors' proposals by a
large majority. They approved the Annual Report, the annual statements, the
consolidated financial statements, and the Sustainability Report for the
2023 business year and granted discharge to the responsible governing
bodies. They also voted in favor of the proposed distribution of earnings in
the form of a dividend of CHF 25 per share.
Due to the necessary amendment of the Articles of Association to the new
company law, various changes to the Articles of Association were voted on
this year. The Ordinary General Meeting approved all requests of the Board
of Directors.
Shareholders approved the 2023 Remuneration Report by a majority in a
consultative vote. The Ordinary General Meeting approved the maximum total
remuneration of the Board of Directors for 2025, the maximum fixed
remuneration of the Executive Board for 2025, the short-term variable
remuneration of the Executive Board for 2023, and the maximum long-term
equity participation of the Executive Board for 2024 by a large majority.
Except for Dr. Peter Altorfer, who did not stand for re-election after 19
years of successful work on the Forbo Board, all previous Board of Directors
members were confirmed in office. With his extensive knowledge and many
years of professional experience, Dr. Peter Altorfer made a significant
contribution to the further development of the Forbo Group. The Board of
Directors thanks him for his exceptional commitment and for the trusting
cooperation and wishes him all the best.
The previous Board of Directors members - This E. Schneider as the Chairman
as well as Michael Pieper, Claudia Coninx-Kaczynski, Dr. Eveline Saupper,
and Vincent Studer - were confirmed in office and re-elected for a one-year
term. Jörg Kampmeyer and Bernhard Merki were newly elected to the Board of
Directors.
The previous members of the Remuneration Committee - Claudia
Coninx-Kaczynski and Michael Pieper - were confirmed for a further year.
Instead of Dr. Peter Altorfer, Bernhard Merki was elected as a new member.
Lastly, the shareholders extended the mandate of the auditor, KPMG Ltd, for
a further year. Furthermore, René Peyer was re-elected as independent proxy.
MEDIA RELEASE (PDF-FILE)
Forbo is a leading producer of floor coverings, building and construction
adhesives, as well as belts for power transmission and lightweight conveyor
technology.The sustainable manufacture of environmentally friendly products
has long been an integral part of the strategy. Forbo's linoleum floor
coverings are made from natural raw materials. It is biodegradable and
carbon negative (cradle to gate), without offsetting. For its manufacture of
heterogenous vinyl floor coverings, Forbo uses the latest generation of
phthalate-free plasticizers. As a proportion of total product weight,
textile floor coverings also contain up to 45% recycled materials. The
BioBelt is a conveyor belt consisting of at least 20% renewable raw
materials. The AmpMiser conveyor belt allows savings in energy of up to 50%.
The company employs about 5,200 people and has an international network of
25 sites with production and distribution, 6 fabrication centers, and 47
sales organizations in a total of 39 countries around the world. The company
generated net sales of CHF 1,175.2 million in the 2023 business year. The
company is headquartered in Baar in the canton of Zug, Switzerland.
The company is listed on SIX Swiss Exchange (security number 354151, ISIN
CH0003541510, Bloomberg FORN SW, Reuters FORN.S).
Contact person:
Karin Marti
Head Corporate Communications
Phone +41 58 787 25 41
www.forbo.com
www.forbo.com -> Sustainability
News Source: Forbo Holding AG
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End of Media Release
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End of News EQS News Service
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1874711 05.04.2024 CET/CEST
Forbo Holding AG / Key word(s): AGMEGM
Forbo shareholders approve all proposals of the Board of Directors
05.04.2024 / 18:45 CET/CEST
---------------------------------------------------------------------------
MEDIA RELEASE
At today's 96th Ordinary General Meeting of Forbo Holding Ltd in Zug, the
shareholders approved all of the Board of Directors' proposals by a large
majority. The dividend of CHF 25 per share will be paid out as of April 12,
2024.
Baar, April 5, 2024
Today's Ordinary General Meeting of Forbo Holding Ltd was attended by 126
shareholders, representing 1,058,918 registered shares or 71.31% of the
share capital issued.
The shareholders accepted all of the Board of Directors' proposals by a
large majority. They approved the Annual Report, the annual statements, the
consolidated financial statements, and the Sustainability Report for the
2023 business year and granted discharge to the responsible governing
bodies. They also voted in favor of the proposed distribution of earnings in
the form of a dividend of CHF 25 per share.
Due to the necessary amendment of the Articles of Association to the new
company law, various changes to the Articles of Association were voted on
this year. The Ordinary General Meeting approved all requests of the Board
of Directors.
Shareholders approved the 2023 Remuneration Report by a majority in a
consultative vote. The Ordinary General Meeting approved the maximum total
remuneration of the Board of Directors for 2025, the maximum fixed
remuneration of the Executive Board for 2025, the short-term variable
remuneration of the Executive Board for 2023, and the maximum long-term
equity participation of the Executive Board for 2024 by a large majority.
Except for Dr. Peter Altorfer, who did not stand for re-election after 19
years of successful work on the Forbo Board, all previous Board of Directors
members were confirmed in office. With his extensive knowledge and many
years of professional experience, Dr. Peter Altorfer made a significant
contribution to the further development of the Forbo Group. The Board of
Directors thanks him for his exceptional commitment and for the trusting
cooperation and wishes him all the best.
The previous Board of Directors members - This E. Schneider as the Chairman
as well as Michael Pieper, Claudia Coninx-Kaczynski, Dr. Eveline Saupper,
and Vincent Studer - were confirmed in office and re-elected for a one-year
term. Jörg Kampmeyer and Bernhard Merki were newly elected to the Board of
Directors.
The previous members of the Remuneration Committee - Claudia
Coninx-Kaczynski and Michael Pieper - were confirmed for a further year.
Instead of Dr. Peter Altorfer, Bernhard Merki was elected as a new member.
Lastly, the shareholders extended the mandate of the auditor, KPMG Ltd, for
a further year. Furthermore, René Peyer was re-elected as independent proxy.
MEDIA RELEASE (PDF-FILE)
Forbo is a leading producer of floor coverings, building and construction
adhesives, as well as belts for power transmission and lightweight conveyor
technology.The sustainable manufacture of environmentally friendly products
has long been an integral part of the strategy. Forbo's linoleum floor
coverings are made from natural raw materials. It is biodegradable and
carbon negative (cradle to gate), without offsetting. For its manufacture of
heterogenous vinyl floor coverings, Forbo uses the latest generation of
phthalate-free plasticizers. As a proportion of total product weight,
textile floor coverings also contain up to 45% recycled materials. The
BioBelt is a conveyor belt consisting of at least 20% renewable raw
materials. The AmpMiser conveyor belt allows savings in energy of up to 50%.
The company employs about 5,200 people and has an international network of
25 sites with production and distribution, 6 fabrication centers, and 47
sales organizations in a total of 39 countries around the world. The company
generated net sales of CHF 1,175.2 million in the 2023 business year. The
company is headquartered in Baar in the canton of Zug, Switzerland.
The company is listed on SIX Swiss Exchange (security number 354151, ISIN
CH0003541510, Bloomberg FORN SW, Reuters FORN.S).
Contact person:
Karin Marti
Head Corporate Communications
Phone +41 58 787 25 41
www.forbo.com
www.forbo.com -> Sustainability
News Source: Forbo Holding AG
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End of Media Release
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Language: English
Company: Forbo Holding AG
Lindenstrasse 8
6341 Baar
Switzerland
Phone: +41 58 787 25 25
Fax: +41 58 787 25 20
E-mail: info@forbo.com
Internet: www.forbo.com
ISIN: CH0003541510
Valor: 354151
Listed: SIX Swiss Exchange
EQS News ID: 1874711
End of News EQS News Service
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1874711 05.04.2024 CET/CEST
