General Meeting of Arbonia AG approves all motions

Arbonia AG / Key word(s): AGMEGM
General Meeting of Arbonia AG approves all motions

19.04.2024 / 17:40 CET/CEST

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Arbon, 19 April 2024 - The shareholders of Arbonia AG approved all of the
motions proposed by the Board of Directors at today's General Meeting.

At today's 37th Annual General Meeting, Arbonia AG shareholders approved the
Management Report of the Group, Financial Statements, Consolidated Financial
Statement and Report on Non-financial Matters for the 2023 financial year.
They granted formal discharge to the members of the Board of Directors and
Group Management. The consultative vote on the compensation report for the
2023 financial year and the two votes on the total compensation of the
members of the Board of Directors for the year of office 2023/2024 and the
members of Group Management for the 2023 financial year were also passed.

Additionally, the motion to carry forward the entire retained earnings to
new account was passed. As stated in the press release published this
morning, the Board of Directors intends to distribute to the shareholders of
Arbonia AG a part of the proceeds of the sale of the Climate Division once
the transaction has been closed. Following the reduction of net debt, it
will propose a distribution of around CHF 280 million in the form of a
nominal value repayment of CHF 4.00 per share as part of an Extraordinary
General Meeting. The nominal value would decrease from previously CHF 4.20
to CHF 0.20 per share as a result of the repayment. This nominal value
repayment would presumably be tax-free for the majority of Arbonia
shareholders. As announced, the Board of Directors intends to propose an
ordinary dividend payment of CHF 0.30 per share for the 2023 financial year
at the Extraordinary General Meeting; as in previous years, half of the
amount would be contributed from capital contribution reserves and the other
half from retained earnings.

The Chairman of the Board of Directors, Alexander von Witzleben, as well as
the seven other existing members of the Board of Directors - Peter Barandun,
Peter E. Bodmer, Heinz Haller, Markus Oppliger, Michael Pieper, Thomas
Lozser, and Dr Carsten Voigtländer - were confirmed for a further year of
office. The independent proxy as well as the statutory auditor KPMG were
confirmed in office until the next Annual General Meeting; in other words,
for the 2024 financial year.

Contact
Fabienne Zürcher
Head Corporate Communications & Investor Relations
T +41 71 447 45 54
fabienne.zuercher@arbonia.com


News Source: Arbonia AG


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End of Media Release

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   Language:       English
   Company:        Arbonia AG
                   Amriswilerstrasse 50
                   9320 Arbon
                   Switzerland
   Phone:          +41 71 447 41 41
   E-mail:         holding@arbonia.com
   Internet:       www.arbonia.com
   ISIN:           CH0110240600
   Listed:         SIX Swiss Exchange
   EQS News ID:    1885153

End of News EQS News Service
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1885153 19.04.2024 CET/CEST