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Appropriation of available earnings

The Board of Directors proposes to the Annual General Meeting of Shareholders on April 7, 2020 to allocate the voluntary retained earnings as follows: 

 

 

31.12.2018

Approved

31.12.2019

Proposed

CHF 1,000

 

 

Carried forward from previous year

 207,943 

 201,945 

 

 

 

Net profit

 18,837 

 14,380 

 

 

 

Available retained earnings

 226,780 

 216,325 

 

 

 

Dividend paid as approved by the annual general meeting of shareholders on April 16, 2019:

  CHF 2.10 per share with a nominal value of CHF 0.10 each 
(total 11,826,232 shares eligible for dividend)

 (24,835) 

 

 

 

 

Dividend proposed:

  CHF 1.10 per share with a nominal value of CHF 0.10 each
(total 11,870,912 shares eligible for dividend)1

 

(13,058)

 

 

 

Balance to be carried forward

 201,945 

 203,267 

 

The Board of Directors also proposes to the Annual General Meeting of Shareholders to allocate the capital contribution reserve as follows:

 

 

31.12.2018

Approved

31.12.2019

Proposed

CHF 1,000

 

 

Carried forward from previous year

 35,386 

 55,032 

 

 

 

New shares issued based on employee participation plans

 19,646 

 23,792 

 

 

 

Available capital contribution reserve

 55,032 

 78,824 

 

 

 

Allocation to free reverse and payout (exempt from Swiss withholding tax) proposed:

  CHF 1.10 per share with a nominal value of CHF 0.10 each

  (total 11,870,912 shares eligible for payout)1

 

(13,058)

 

 

 

Balance to be carried forward

 55,032 

 65,766 

  1. These numbers are based on the outstanding share capital at December 31, 2019. The number of shares eligible for dividend and payout may change due to the repurchase or sale of treasury shares and the issuance of up to 90’477 new shares from the conditional share capital reserved for employee participation plans.
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