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14.05.2024 17:13:50 - dpa-AFX: EQS-News: VAT Group AG Annual General Meeting 2024:Shareholders approved all Board proposals and unchanged dividend of CHF 6.25 per share (english)
VAT Group AG Annual General Meeting 2024:Shareholders approved all Board
proposals and unchanged dividend of CHF 6.25 per share
VAT Group AG / Key word(s): AGMEGM
VAT Group AG Annual General Meeting 2024: Shareholders approved all Board
proposals and unchanged dividend of CHF 6.25 per share
14.05.2024 / 17:13 CET/CEST
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The shareholders of VAT Group AG approved all motions proposed by the Board
of Directors at today's ordinary Annual General Meeting (AGM), including the
payout of an unchanged dividend of CHF 6.25 per share.
351 shareholders representing 67.82% percent of the company's share capital
were present at the meeting held in St.Gallen.
The shareholders re-elected Dr. Martin Komischke as Chairman of the Board of
Directors. In addition, Urs Leinhäuser, Karl Schlegel, Hermann Gerlinger,
Libo Zhang, Daniel Lippuner and Petra Denk were confirmed as members of the
Board of Directors. Thomas A. Piliszczuk was elected as a new member of the
Board of Directors, replacing Maria Heriz who did not stand for re-election.
Urs Leinhäuser, Hermann Gerlinger and Libo Zhang were re-elected to the
Nomination and Compensation Committee (NCC).
The shareholders approved a dividend from accumulated gains of CHF 6.25 per
registered share of VAT. The last trading day with entitlement to receive a
dividend is Wednesday, May 15, 2024, and VAT shares will be traded
ex-dividend as of Thursday, May 16, 2024. The payment will take place on
Tuesday, May 21, 2024.
The shareholders approved in a consultative vote the report on non-financial
matters (Sustainability Report 2023). In addition, the compensation report
2023 was also endorsed by a vast majority of shareholders in a consultative
vote. Shareholders also approved in separate binding votes the short-term
incentive (STI) compensation of the Group Executive Committee (GEC) for the
financial year 2023, the total maximum amount of fixed compensation of the
GEC for the financial year 2025, the maximum amount of the long-term
incentive (LTI) compensation of the GEC for the financial year 2025 and the
total maximum amount of compensation for the eight members of the Board
covering the next term until the AGM 2025.
1. mailto:investors@vat.ch
Financial calendar 2024
ABOUT VAT
We change the world with vacuum solutions - that is our purpose as the
world's leading developer, manufacturer, and supplier of high-end vacuum
valves. VAT vacuum valves are mission-critical components for advanced
production processes of innovative everyday products such as portable
devices, flat screen monitors or solar panels. VAT reports in two different
segments: Valves and Global Service. Under the latter, we provide our
customers with original spare parts, maintenance, technical support, and
training for various vacuum valve applications. With some 2,700 employees
worldwide, representatives in 29 countries, net sales of CHF 885 million
(2023) and manufacturing sites in Switzerland, Malaysia, Romania, and
Taiwan, we are sustainably shaping our highly specialized market.
FORWARD-LOOKING STATEMENT
Forward-looking statements contained herein are qualified in their entirety
as there are certain factors that could cause results to differ materially
from those anticipated. Any statements contained herein that are not
statements of historical fact (including statements containing the words
"believes," "plans," "anticipates," "expects," "estimates" and similar
expressions) should be considered to be forward-looking statements.
Forward-looking statements involve inherent known and unknown risks,
uncertainties, and contingencies because they relate to events and depend on
circumstances that may or may not occur in the future and may cause the
actual results, performance, or achievements of the company to be materially
different from those expressed or implied by such forward-looking
statements. Many of these risks and uncertainties relate to factors that are
beyond the company's ability to control or estimate precisely, such as
future market conditions, currency fluctuations, the behavior of other
market participants, the performance, security and reliability of the
company's information technology systems, political, economic, and
regulatory changes in the countries in which the company operates or in
economic or technological trends or conditions. As a result, investors are
cautioned not to place undue reliance on such forward-looking statements.
Except as otherwise required by law, VAT disclaims any intention or
obligation to update any forward-looking statements as a result of
developments occurring after the date of this report.
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End of Media Release
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End of News EQS News Service
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1903043 14.05.2024 CET/CEST
proposals and unchanged dividend of CHF 6.25 per share
VAT Group AG / Key word(s): AGMEGM
VAT Group AG Annual General Meeting 2024: Shareholders approved all Board
proposals and unchanged dividend of CHF 6.25 per share
14.05.2024 / 17:13 CET/CEST
---------------------------------------------------------------------------
The shareholders of VAT Group AG approved all motions proposed by the Board
of Directors at today's ordinary Annual General Meeting (AGM), including the
payout of an unchanged dividend of CHF 6.25 per share.
351 shareholders representing 67.82% percent of the company's share capital
were present at the meeting held in St.Gallen.
The shareholders re-elected Dr. Martin Komischke as Chairman of the Board of
Directors. In addition, Urs Leinhäuser, Karl Schlegel, Hermann Gerlinger,
Libo Zhang, Daniel Lippuner and Petra Denk were confirmed as members of the
Board of Directors. Thomas A. Piliszczuk was elected as a new member of the
Board of Directors, replacing Maria Heriz who did not stand for re-election.
Urs Leinhäuser, Hermann Gerlinger and Libo Zhang were re-elected to the
Nomination and Compensation Committee (NCC).
The shareholders approved a dividend from accumulated gains of CHF 6.25 per
registered share of VAT. The last trading day with entitlement to receive a
dividend is Wednesday, May 15, 2024, and VAT shares will be traded
ex-dividend as of Thursday, May 16, 2024. The payment will take place on
Tuesday, May 21, 2024.
The shareholders approved in a consultative vote the report on non-financial
matters (Sustainability Report 2023). In addition, the compensation report
2023 was also endorsed by a vast majority of shareholders in a consultative
vote. Shareholders also approved in separate binding votes the short-term
incentive (STI) compensation of the Group Executive Committee (GEC) for the
financial year 2023, the total maximum amount of fixed compensation of the
GEC for the financial year 2025, the maximum amount of the long-term
incentive (LTI) compensation of the GEC for the financial year 2025 and the
total maximum amount of compensation for the eight members of the Board
covering the next term until the AGM 2025.
For further information please contact: Christopher Wickli
VAT Group AG +41 81 553 75 39
Investor Relations & Sustainability
Michel R. Gerber
T +41 81 553 70 13
(1)investors@vat.ch
1. mailto:investors@vat.ch
Financial calendar 2024
Thursday, May 16, 2024 Ex-date
Tuesday, May 21, 2024 Dividend payment
Thursday, July 18, 2024 Half-year 2024 results
Thursday, October 17, 2024 Q3 2024 trading update
ABOUT VAT
We change the world with vacuum solutions - that is our purpose as the
world's leading developer, manufacturer, and supplier of high-end vacuum
valves. VAT vacuum valves are mission-critical components for advanced
production processes of innovative everyday products such as portable
devices, flat screen monitors or solar panels. VAT reports in two different
segments: Valves and Global Service. Under the latter, we provide our
customers with original spare parts, maintenance, technical support, and
training for various vacuum valve applications. With some 2,700 employees
worldwide, representatives in 29 countries, net sales of CHF 885 million
(2023) and manufacturing sites in Switzerland, Malaysia, Romania, and
Taiwan, we are sustainably shaping our highly specialized market.
FORWARD-LOOKING STATEMENT
Forward-looking statements contained herein are qualified in their entirety
as there are certain factors that could cause results to differ materially
from those anticipated. Any statements contained herein that are not
statements of historical fact (including statements containing the words
"believes," "plans," "anticipates," "expects," "estimates" and similar
expressions) should be considered to be forward-looking statements.
Forward-looking statements involve inherent known and unknown risks,
uncertainties, and contingencies because they relate to events and depend on
circumstances that may or may not occur in the future and may cause the
actual results, performance, or achievements of the company to be materially
different from those expressed or implied by such forward-looking
statements. Many of these risks and uncertainties relate to factors that are
beyond the company's ability to control or estimate precisely, such as
future market conditions, currency fluctuations, the behavior of other
market participants, the performance, security and reliability of the
company's information technology systems, political, economic, and
regulatory changes in the countries in which the company operates or in
economic or technological trends or conditions. As a result, investors are
cautioned not to place undue reliance on such forward-looking statements.
Except as otherwise required by law, VAT disclaims any intention or
obligation to update any forward-looking statements as a result of
developments occurring after the date of this report.
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End of Media Release
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Language: English
Company: VAT Group AG
Seelistrasse 1
9469 Haag
Switzerland
Phone: +41 81 771 61 61
Fax: +41 81 771 48 30
E-mail: reception@vat.ch
Internet: www.vatvalve.com
ISIN: CH0311864901
Listed: SIX Swiss Exchange
EQS News ID: 1903043
End of News EQS News Service
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1903043 14.05.2024 CET/CEST
