Appropriation of available earnings
The Board of Directors proposes to the Annual General Meeting of Shareholders on April 11, 2017 to allocate the voluntary
retained earnings as follows:
CHF 1,000 | 2015 Approved | 2016 Proposed |
Carried forward from previous year | 171,470 | 178,169 |
|
|
|
Reversal of reserve for treasury shares due to introduction of new Swiss GAAP on January 1, 2015 | 15,297 | – |
|
|
|
Net profit | 11,524 | 69,235 |
|
|
|
Available retained earnings | 198,291 | 247,404 |
|
|
|
Dividend paid as approved by the annual general meeting of shareholders on April 13, 2016: CHF 1.75 per share with a nominal value of CHF 0.10 each (total 11,498,012 shares eligible for dividend) | (20,122) |
|
|
|
|
Dividend proposed: CHF 1.75 per share with a nominal value of CHF 0.10 each (total 11,541,371 shares eligible for dividend)1 |
| (20,197) |
|
|
|
Balance to be carried forward | 178,169 | 227,207 |
1These numbers are based on the outstanding share capital at December 31, 2016. The number of shares eligible for dividend may change due to the repurchase or sale of treasury shares and the issuance of up to 123’067 new shares from the conditional share capital reserved for employee participation plans.
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