Annual General Meeting approves dividend of CHF 6.50

The shareholders of Autoneum Holding Ltd agreed to all proposals of the Board of Directors at the Annual General Meeting today. A dividend of CHF 6.50 per share was approved for the 2017 financial year. This corresponds to an unchanged dividend payout compared to the previous year, although the 2016 net profit was positively influenced by special effects.

364 shareholders attended today’s Annual General Meeting of Autoneum Holding Ltd in Winterthur. 67 percent of the share capital was represented.

The shareholders approved the 2017 Annual Report including the consolidated and annual financial statements. Despite the non-recurrence of the dividend contribution from special effects, a dividend of CHF 6.50 per registered share will be paid out as of April 5, 2018. For the 2016 financial year, the dividend contribution from the disposal of the UGN business in Chicago Heights (Illinois), USA, amounted to CHF 1.00.

Chairman Hans-Peter Schwald and the other members of the Board of Directors, Rainer Schmückle, Norbert Indlekofer, Michael Pieper, This E. Schneider, Peter Spuhler and Ferdinand Stutz, were confirmed in office. This E. Schneider, Hans-Peter Schwald and Ferdinand Stutz were also re-elected to the Compensation Committee. In addition, a large majority of the shareholders of Autoneum Holding Ltd gave formal discharge to all members of the Group Executive Board and the Board of Directors.

The consultative vote on the 2017 remuneration report was approved by 83 percent. The proposals for the remuneration of the Board of Directors and the Group Executive Board for the 2019 financial year as well as the other proposals were also approved by a large majority.