Appropriation of available earnings
The Board of Directors proposes to the Annual General Meeting of Shareholders on April 13, 2016 to allocate the voluntary retained earnings as follows:
CHF 1,000 | 2014 Approved | 2015 Proposed |
Carried forward from previous year | 135,471 | 171,470 |
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|
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Reversal of reserve for treasury shares due to introduction of new Swiss GAAP on January 1, 2015 | – | 15,297 |
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|
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Net profit | 48,752 | 11,524 |
Change in reserve for treasury shares | 4,104 |
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|
|
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Available retained earnings | 188,327 | 198,291 |
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Dividend paid as approved by the annual general meeting of shareholders on April 16, 2015: CHF 1.50 per share with a nominal value of CHF 0.10 each (total 11,238,250 shares eligible for dividend) | (16,857) |
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|
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|
Dividend proposed: CHF 1.75 per share with a nominal value of CHF 0.10 each (total 11,467,577 shares eligible for dividend)1 |
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- 20,068 |
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|
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Balance to be carried forward | 171,470 | 198,291 |
- These numbers are based on the outstanding share capital at December 31, 2015. The number of shares eligible for dividend may change due to the repurchase or sale of treasury shares and the issuance of new shares from the conditional share capital reserved for employee participation plans. At the end of 2015, a total of 60,624 options were exercisable and a total of 25,622 matching shares according to the performane share matching plan (PSMP) 2013 were expected to vest and to be transferred before the date of the dividend payment.
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