- Nachrichtendetail
-
05.04.2024 18:45:56 - 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
2024-04-05 / 18:45 CET/CEST
MEDIA RELEASE
At today's 96^th 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
Lindenstrasse 8
6341 Baar
Switzerland
End of News EQS News Service
===
1874711 2024-04-05 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1874711&application_name=news
END) Dow Jones Newswires
April 05, 2024 12:45 ET (16:45 GMT)
Forbo Holding AG / Key word(s): AGMEGM
Forbo shareholders approve all proposals of the Board of Directors
2024-04-05 / 18:45 CET/CEST
MEDIA RELEASE
At today's 96^th 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 End of Media Release 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
===
1874711 2024-04-05 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1874711&application_name=news
END) Dow Jones Newswires
April 05, 2024 12:45 ET (16:45 GMT)
