Annual General Meeting of Shareholders approves all proposals

Metall Zug AG / Key word(s): AGMEGM
Annual General Meeting of Shareholders approves all proposals

26.04.2024 / 19:25 CET/CEST

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Media announcement

Zug, April 26, 2024 - At the 137th ordinary Annual General Meeting of Metall
Zug AG, the shareholders approved all the proposals of the Board of
Directors. A cash dividend of CHF 2.00 per registered share type A and CHF
20.00 per registered share type B will be distributed. In addition, CHF
450,000 will be paid into the Greenhouse Gas Fund (former "CO2 Fund")
charged to the 2024 financial statements.

A total of 255 shareholders, representing 77.17% of the share capital and
89.75% of the votes, attended the 137th Annual General Meeting of
Shareholders of Metall Zug AG today at the ZUGORAMA in Zug and approved all
the proposals of the Board of Directors by a large majority.

The General Meeting approved, among other proposals, the annual report as
well as the annual and consolidated financial statements 2023 and - in the
context of a consultative vote - the compensation report 2023. For the first
time, the report on non-financial matters (sustainability report) was
approved. The shareholders further approved the appropriation of the
available earnings 2023 as follows: distribution of a cash dividend in the
amount of CHF 2.00 (gross) per registered share type A and CHF 20.00 (gross)
per registered share type B. The total value of the cash dividend
distribution - as of today, Metall Zug AG does not hold any treasury shares
- thus presumably amounts to CHF 9,000,000 and CHF 37,936,352 will be
carried forward to the new account. The cash dividend will be paid on May 3,
2024.

In addition, the shareholders approved - in the context of a consultative
vote - the payment of CHF 450,000 (5% of the dividend amount) charged to the
2024 annual financial statements into the Greenhouse Gas Fund (former "CO2
Fund") managed by Tech Cluster Zug AG, for CO2 compensation or other
sustainability measures.

The existing members of the Board of Directors Martin Wipfli, Dominik
Berchtold, David Dean, Bernhard Eschermann and Claudia Pletscher were
re-elected for a further term of office of one year. Martin Wipfli, a Board
member since 2010 and Chairman of the Board of Directors of Metall Zug AG
since 2019, was confirmed in his role.

Furthermore, the Annual General Meeting approved the remuneration for the
members of the Board of Directors until the next ordinary General Meeting
and the fixed compensation of the Senior Management in the year 2025, both
prospectively. The shareholders also retrospectively approved the variable
compensation of the Senior Management for the year 2023.

The publication of the half-year report 2024 will take place on August 19,
2024 (initially planned for August 8, 2024). The next ordinary Annual
General Meeting of Shareholders of Metall Zug AG will presumably take place
on Friday, May 9, 2025, in Zug.

About the Metall Zug Group
Metall Zug is a group of industrial companies headquartered in Zug. The
Group has around 2,200 employees and comprises four Business Units:

* Infection Control (Belimed Group)

* Medical Devices (Haag-Streit Group)

  * Technologycluster & Infrastructure (Tech Cluster Zug AG, Urban Assets
    Zug AG)

* Others (Belimed Life Science Group, Gehrig Group AG and Metall Zug)

The holding company Metall Zug AG is listed in the Swiss Reporting Standard
of SIX Swiss Exchange in Zurich (type B registered shares: securities number
3982108, ticker symbol METN).

Legal Notes
The expectations expressed in this announcement are based on assumptions.
Actual results may vary from those anticipated. This announcement is
published in German and English. The German version is binding. Metall Zug
AG processes personal data in accordance with its privacy statement
available under: https://www.metallzug.ch/en/datenschutzerklaerung.

     Key dates
     May 3, 2024                Dividend Payment
     August 19, 2024            Publication of Half-year Report 2024

     Further information
     Urs Scherrer               Bettine Killmer
     Chief Financial Officer    Head of Corporate Communications & IR
     Phone: +41 58 768 60 50    Phone: +41 58 767 60 50

or: investorrelations@metallzug.ch

This announcement is available at
https://www.metallzug.ch/en/medien/medienmitteilungen


News Source: Metall Zug AG


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End of Media Release

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1891073 26.04.2024 CET/CEST