Schaffner Holding AG : 18th Annual General Meeting of Schaffner Holding AG Shareholders' meeting approve all proposals of the Board of Directors

18th Annual General Meeting of Schaffner Holding AG

Shareholders' meeting approve all proposals of the Board of Directors

The 18th Annual General Meeting of Schaffner Holding AG held on 14 January 2014 approved all proposals put forward by the Board of Directors including the distribution of CHF 4.50 per dividend-bearing share. This will amount to a maximum distribution of CHF 2,852,019 (net), or 45 percent of the net profit for 2012/13. This payment from share premium reserve (exempt from Swiss anticipatory tax) will take place as from 21 January 2014 (ex-dividend trading: 16 January 2014; record date: 20 January 2014).

The shareholders also approved at this, the first Annual General Meeting to be conducted in compliance with the Ordinance Against Excessive Compensation in Listed Stock Companies 'VegüV', the re-election to the Board of Directors of existing members Suzanne Thoma, Herbert Bächler, Gerhard Pegam, Daniel Hirschi and Georg Wechsler as well as the election of Daniel Hirschi as Chairman of the Board of Directors, all of whom are appointed until the end of the next Annual General Meeting. Likewise for the same period Suzanne Thoma, Herbert Bächler and Daniel Hirschi were elected to the Compensation Committee, and attorney-at-law and notary public Wolfgang Salzmann was appointed as the independent proxy. Ernst & Young AG, Berne, were elected as the statutory auditors for fiscal year 2013/14.

The 18th Annual General Meeting also approved numerous amendments to the Company's Articles of Association. These included a reduction in authorized unissued share capital by CHF 1,311,115, from CHF 2,351,115 to CHF 1,040,000, to reflect the lower amount of authorized unissued capital required upon expiry of parts of the option plan. At the same time, the 'VegüV' necessitated a major revision of the Articles of Association; these amendments will take effect on their entry in the Commercial Register.

The amendments to the Articles of Association are documented in full in the invitation to the Annual General Meeting.
www.schaffner.ch/fileadmin/mediapool/files/AGM-Invitation_2014_EN.pdf

Luterbach, 14 January 2014

Calendar

13 May 2014	Publication of Half-Year Report 2013/14 (half-year results)
9 December 2014	Publication of Annual Report 2013/14 (full-year results)
15 January 2015	19thAnnual General Meeting