Phoenix Mecano's Annual General Meeting approves all proposals

Phoenix Mecano Management AG / Key word(s): AGMEGM
Phoenix Mecano's Annual General Meeting approves all proposals

24.05.2024 / 18:09 CET/CEST

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Schaffhausen, May 24, 2024 - The Annual General Meeting of Phoenix Mecano AG
took place today at Vienna House zur Bleiche in Schaffhausen. 57
shareholders with 51'129 share votes were represented at the Annual General
Meeting, while 686'115 share votes were represented by the independent
proxy. This presence corresponds to a total of 76.76 % of the share capital.

The shareholders approved the annual financial statements and the
consolidated financial statements for 2023. In consultative votes, the
shareholders also took note of and approved the Sustainability Report 2023
and the Remuneration Report. The proposed ordinary dividend of CHF 18.00 and
the special dividend of CHF 12.00 per share were also approved. A total
gross dividend of CHF 30.00 per share will therefore be paid out from May
30.

All members of the Board of Directors standing for election were re-elected
for a one-year term of office. Ulrich Hocker, Independent Lead Director, did
not stand for re-election and stepped down from the Board of Directors. The
Annual General Meeting confirmed Benedikt Goldkamp as Chairman of the Board
of Directors and elected Claudine Hatebur de Calderón to replace Ulrich
Hocker as a member of the Remuneration Committee.

The next Annual General Meeting of Phoenix Mecano AG will take place on May
22, 2025.

Further information:
Phoenix Mecano Management AG
Philipp Eberhard, Head of Corporate Communications
Lindenstrasse 23, CH-8302 Kloten
Phone: +41 (0)43 255 4 255
info@phoenix-mecano.com
www.phoenix-mecano.com

About Phoenix Mecano
The Phoenix Mecano Group is a global player in the enclosures and industrial
components segments and is a leader in many markets. Headquartered in Stein
am Rhein, Switzerland, the Group employs around 6,700 people worldwide and
generated sales of EUR 783.1 million in 2023. It is geared towards the
manufacture of niche products and system solutions for customers in the
mechanical engineering, measurement and control technology, medical
technology, aerospace technology, alternative energy, and home and hospital
care sectors. Phoenix Mecano was founded in 1975 and has been listed on the
Swiss stock exchange since 1988.


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End of Media Release

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   Language:       English
   Company:        Phoenix Mecano Management AG
                   Hofwisenstrasse 6
                   8260 Stein am Rhein
                   Switzerland
   Phone:          +41 (0)43 255 4 255
   ISIN:           CH0002187810
   Listed:         SIX Swiss Exchange
   EQS News ID:    1911043

End of News EQS News Service
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1911043 24.05.2024 CET/CEST