Appropriation of available earnings
The Board of Directors proposes to the Annual General Meeting of Shareholders on April 17, 2018 to allocate the voluntary retained earnings as follows:
CHF 1,000 | 2016 Approved | 2017 |
Carried forward from previous year | 178,169 | 227,089 |
|
|
|
Net profit | 69,235 | 4,316 |
|
|
|
Available retained earnings | 247,404 | 231,405 |
|
|
|
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 11,608,657 shares eligible for dividend) | (20,315) |
|
|
|
|
Dividend proposed: CHF 2.00 per share with a nominal value of CHF 0.10 each (total 11,664,872 shares eligible for dividend)1 |
| (23,330) |
|
|
|
Balance to be carried forward | 227,089 | 208,075 |
1These numbers are based on the outstanding share capital at December 31, 2017. The number of shares eligible for dividend may change due to the repurchase or sale of treasury shares and the issuance of up to 81,502 new shares from the conditional share capital reserved for employee participation plans.
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