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10.04.2024 17:30:23 - 7th Annual General Meeting: Shareholders approve all proposals
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Galenica AG / Key word(s): AGMEGM
7th Annual General Meeting: Shareholders approve all proposals
2024-04-10 / 17:29 CET/CEST
Press release
The seventh Annual General Meeting of Galenica Ltd. was held on 10 April 2024 at the Kursaal in Bern. The shareholders
approved all the proposals put forward by the Board of Directors. They also approved the proposed dividend of CHF 2.20
per share. All members of the Board of Directors were re-elected for a term of office of one year.
The seventh Annual General Meeting of Galenica Ltd. was attended by 418 shareholders representing a total of 73.3% of
the registered voting shares of Galenica Ltd.
Re-elections to the Board of Directors and the Remuneration Committee
Dr Markus R. Neuhaus, Pascale Bruderer, Bertrand Jungo, Judith Meier, Prof. Dr med. Solange Peters, Dr Andreas Walde
and Jörg Zulauf were re-elected as members of the Board of Directors for a term of office of one year. Dr Markus R.
Neuhaus was re-elected as Chairman of the Board of Directors for a term of office of one year.
Bertrand Jungo, Pascale Bruderer, Prof. Dr med. Solange Peters and Dr Andreas Walde were re-elected as members of the
Remuneration Committee for a term of office of one year, with the Board of Directors re-appointing Bertrand Jungo as
its chairman.
Approval of the 2023 financial statements and discharge of the Board of Directors and Executive Committee
The shareholders also voted in favour of the proposals put forward by the Board of Directors for the other agenda
items: For example, the 2023 Annual Financial Statements of Galenica Ltd., the Management Report and the 2023
consolidated Financial Statements of the Galenica Group were approved and the actions of the members of the Board of
Directors and the Executive Committee for the 2023 financial year were ratified. In a consultative vote, the
shareholders endorsed the Remuneration Report 2023, with 94% voting in favour. For the first time, shareholders also
approved the report on non-financial matters pursuant to Article 964a of the Swiss Code of Obligations with 88.7%
voting in favour. The proposed binding maximum total remuneration for 2025 for the members of the Board of Directors
and the Executive Committee was also approved with 95.6% and 96.9% votes in favour, respectively.
Sustainable and stable dividend
The Annual General Meeting also approved the dividend at the prior-year level of CHF 2.20 per share proposed by the
Board of Directors. Half (CHF 1.10 per share) is paid out from the capital contribution reserve and the other half from
retained earnings. This corresponds to a total expected distribution of CHF 109.6 million. Galenica strives to achieve
strong and sustainable dividend growth and plans to pay a dividend equal at least to the previous year's level in 2024.
The dividend for the 2023 financial year will be paid to shareholders from 16 April 2024.
Dates for the diary
24 October 2024: Galenica Group sales update
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For further information, please contact:
===
Media Relations: Investor Relations:
E-Mail: media@galenica.com E-Mail: investors@galenica.com
Tel. +41 58 852 85 17 Tel. +41 58 852 85 31
===
Welcome to the Galenica network! Our ambition is to meet the needs of patients and customers in the Swiss healthcare market in a seamless, efficient and personalised way. To achieve this, we operate the Galenica network with over 20 Business Units, the strongest partners in the Swiss healthcare market. We offer fully integrated solutions both for customers and patients as well as for pharmacies, drugstores, medical practices, hospitals, retirement and nursing homes, home care providers, wholesalers, pharmaceutical companies, health insurance funds and other partners. Galenica is listed on the Swiss Stock Exchange (SIX Swiss Exchange, GALE, security number 36,067,446). Additional information concerning Galenica can be found at www.galenica.com.
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End of Media Release
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Untermattweg 8
3027 Bern
Switzerland
End of News EQS News Service
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1875561 2024-04-10 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1875561&application_name=news
END) Dow Jones Newswires
April 10, 2024 11:30 ET (15:30 GMT)
Galenica AG / Key word(s): AGMEGM
7th Annual General Meeting: Shareholders approve all proposals
2024-04-10 / 17:29 CET/CEST
Press release
The seventh Annual General Meeting of Galenica Ltd. was held on 10 April 2024 at the Kursaal in Bern. The shareholders
approved all the proposals put forward by the Board of Directors. They also approved the proposed dividend of CHF 2.20
per share. All members of the Board of Directors were re-elected for a term of office of one year.
The seventh Annual General Meeting of Galenica Ltd. was attended by 418 shareholders representing a total of 73.3% of
the registered voting shares of Galenica Ltd.
Re-elections to the Board of Directors and the Remuneration Committee
Dr Markus R. Neuhaus, Pascale Bruderer, Bertrand Jungo, Judith Meier, Prof. Dr med. Solange Peters, Dr Andreas Walde
and Jörg Zulauf were re-elected as members of the Board of Directors for a term of office of one year. Dr Markus R.
Neuhaus was re-elected as Chairman of the Board of Directors for a term of office of one year.
Bertrand Jungo, Pascale Bruderer, Prof. Dr med. Solange Peters and Dr Andreas Walde were re-elected as members of the
Remuneration Committee for a term of office of one year, with the Board of Directors re-appointing Bertrand Jungo as
its chairman.
Approval of the 2023 financial statements and discharge of the Board of Directors and Executive Committee
The shareholders also voted in favour of the proposals put forward by the Board of Directors for the other agenda
items: For example, the 2023 Annual Financial Statements of Galenica Ltd., the Management Report and the 2023
consolidated Financial Statements of the Galenica Group were approved and the actions of the members of the Board of
Directors and the Executive Committee for the 2023 financial year were ratified. In a consultative vote, the
shareholders endorsed the Remuneration Report 2023, with 94% voting in favour. For the first time, shareholders also
approved the report on non-financial matters pursuant to Article 964a of the Swiss Code of Obligations with 88.7%
voting in favour. The proposed binding maximum total remuneration for 2025 for the members of the Board of Directors
and the Executive Committee was also approved with 95.6% and 96.9% votes in favour, respectively.
Sustainable and stable dividend
The Annual General Meeting also approved the dividend at the prior-year level of CHF 2.20 per share proposed by the
Board of Directors. Half (CHF 1.10 per share) is paid out from the capital contribution reserve and the other half from
retained earnings. This corresponds to a total expected distribution of CHF 109.6 million. Galenica strives to achieve
strong and sustainable dividend growth and plans to pay a dividend equal at least to the previous year's level in 2024.
The dividend for the 2023 financial year will be paid to shareholders from 16 April 2024.
Dates for the diary
23 May 2024: Galenica Group sales update 6 August 2024: Galenica Group half-year results 2024
24 October 2024: Galenica Group sales update
===
For further information, please contact:
===
Media Relations: Investor Relations:
E-Mail: media@galenica.com E-Mail: investors@galenica.com
Tel. +41 58 852 85 17 Tel. +41 58 852 85 31
===
Welcome to the Galenica network! Our ambition is to meet the needs of patients and customers in the Swiss healthcare market in a seamless, efficient and personalised way. To achieve this, we operate the Galenica network with over 20 Business Units, the strongest partners in the Swiss healthcare market. We offer fully integrated solutions both for customers and patients as well as for pharmacies, drugstores, medical practices, hospitals, retirement and nursing homes, home care providers, wholesalers, pharmaceutical companies, health insurance funds and other partners. Galenica is listed on the Swiss Stock Exchange (SIX Swiss Exchange, GALE, security number 36,067,446). Additional information concerning Galenica can be found at www.galenica.com.
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End of Media Release
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Language: English Company: Galenica AG
Untermattweg 8
3027 Bern
Switzerland
Phone: +41 058 852 81 11 E-mail: info@galenica.com Internet: https://www.galenica.com ISIN: CH0360674466 Listed: SIX Swiss Exchange EQS News ID: 1875561
End of News EQS News Service
===
1875561 2024-04-10 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1875561&application_name=news
END) Dow Jones Newswires
April 10, 2024 11:30 ET (15:30 GMT)
