Results of the Ordinary General Meeting of Avolta AG held on May 15, 2024

Avolta AG / Key word(s): Miscellaneous
Results of the Ordinary General Meeting of Avolta AG held on May 15, 2024

15.05.2024 / 18:30 CET/CEST

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The Ordinary General Meeting of Avolta AG was held today in Basel,
Switzerland. A total number of 104'270'267 shares were represented at the
meeting, corresponding to 68.32% of the total share capital of Avolta AG.
The shareholders resolved as follows:1

  1. The Board of Directors' proposal pursuant to agenda item 1.1 that the
    consolidated financial statements and the annual financial statements
    for 2023 be approved has been accepted by a majority of 99.84% of the
    votes. The Board of Directors' proposal pursuant to agenda item 1.2 that
    the non-financial reporting as shown in the annual report 2023 be
    approved on a non-binding consultative basis has been accepted by a
    majority of 97.64% of the votes. The Board of Directors' proposal
    pursuant to agenda item 1.3 that the remuneration report as shown in the
    annual report 2023 be approved on a non-binding consultative basis has
    been accepted by a majority of 75.03% of the votes.

  2. The Board of Directors' proposal pursuant to agenda item 2 that the
    retained loss be carried forward and a dividend from the reserve from
    capital contribution in the amount of CHF 0.70 per registered share be
    distributed has been accepted by a majority of 97.78% of the votes.

  3. The Board of Directors' proposal pursuant to agenda item 3 that the
    members of the Board of Directors and the persons entrusted with
    management be granted discharge for their activities in the financial
    year 2023 has been accepted by a majority of 99.63% of the votes.

  4. The Board of Directors' proposals pursuant to agenda item 4 to amend
    the Articles of Incorporation (Amendment of Capital Range) has been
    accepted by a majority of 96.71% of the votes.

  5. The Board of Directors' proposals pursuant to agenda item 5 to amend
    the Articles of Incorporation (Cancellation of Conditional Capital and
    Amendment to the Articles of Incorporation) has been accepted by a
    majority of 99.87% of the votes.

  6. The Board of Directors' proposals pursuant to agenda item 6 concerning
    Elections have been accepted with the following majorities:

    Agenda item 6.1 - Re-election of the Chairman: Mr. Juan Carlos Torres
    Carretero has been re-elected with 94.49% of the votes;

Agenda item 6.2 - Re-election of Directors:

- Mr. Xavier Bouton has been re-elected with 99.88% of the votes;
- Mr. Alessandro Benetton has been re-elected with 99.76% of the votes;
- Ms. Heekyung Jo Min has been re-elected with 98.64% of the votes;
- Mr. Sami Kahale has been re-elected with 96.24% of the votes;
- Mr. Enrico Laghi has been re-elected with 96.89% of the votes;
- Mr. Luis Maroto Camino has been re-elected with 99.46% of the votes;
- Mr. Joaquín Moya-Angeler Cabrera has been re-elected with 96.66% of the
votes;
- Mr. Ranjan Sen has been re-elected with 97.80% of the votes;
- Ms. Mary J. Steele Guilfoile has been re-elected with 99.37% of the votes;
and
- Ms. Eugenia M. Ulasewicz has been re-elected with 99.44% of the votes.

Agenda item 6.3 - Election of New Director: Ms. Katia Walsh has been elected
with 99.84% of the votes.

  7. The Board of Directors' proposals pursuant to agenda item 7 concerning
    Re-elections to the Remuneration Committee have been accepted with the
    following majorities:

- Mr. Enrico Laghi has been re-elected with 89.70% of the votes;
- Mr. Luis Maroto Camino has been re-elected with 90.21% of the votes;
- Mr. Joaquín Moya-Angeler Cabrera has been re-elected with 90.32% of the
votes; and
- Ms. Eugenia M. Ulasewicz has been re-elected with 90.74% of the votes.

  8. The Board of Directors' proposal pursuant to agenda item 8 concerning
    Re-election of Deloitte AG as the Auditors has been accepted with 99.25%
    of the votes.

  9. The Board of Directors' proposal pursuant to agenda item 9 concerning
    Re-election of Altenburger Ltd legal + tax as the Independent Voting
    Rights Representative has been accepted with 99.94% of the votes.

  10. The Board of Directors' proposals pursuant to agenda item 10
    concerning Compensation of the Board of Directors and the Global
    Executive Committee have been accepted with the following majorities:

    Agenda item 10.1 - Approval of the Maximum Aggregate Amount of
    Compensation of the Board of Directors: Accepted with 93.89% of the
    votes;
    Agenda item 10.2 - Approval of the Maximum Aggregate Amount of
    Compensation of the Global Executive Committee for Financial Year 2025:
    Accepted with 92.28% of the votes.

1 The voting results expressed in this news release are in percent of the
votes represented at the Ordinary General Meeting for the respective agenda
item. Detailed voting results in absolute numbers can be found in the
minutes of the Ordinary General Meeting, which will be made available on
Avolta's website at https://www.avoltaworld.com/en/AGM2024

For further information:

CONTACT

Rebecca McClellan Cathy Jongens

   Global Head Investor Relations         Director Corporate
                                          Communications
   Phone : +44 7543 800405                Phone : +41 79 288093
   (1)rebecca.mcclellan@avolta.net  1.    (1)cathy.jongens@avolta.net  1.
   mailto:rebecca.mcclellan@avolta.net    mailto:cathy.jongens@avolta.net

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End of Media Release

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   Language:       English
   Company:        Avolta AG
                   Brunngässlein 12
                   4010 Basel
                   Switzerland
   Phone:          +41612664444
   E-mail:         Headoffice@dufry.com
   Internet:       https://www.avoltaworld.com/
   ISIN:           CH0023405456
   Listed:         SIX Swiss Exchange
   EQS News ID:    1904261

End of News EQS News Service
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1904261 15.05.2024 CET/CEST