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SIG Annual General Meeting SIG Annual General Meeting: shareholders reject all proposals submitted by Sterling; Board of Directors confirmed and own Board candidates elected; support for adopted strategy At today’s Annual General Meeting, the shareholders of SIG Holding Ltd. approved all proposals of the Board of Directors. They approved, among other things, the proposed reduction of the share capital with subsequent repayment of the nominal value of CHF 4.- per share and elected as new members to the Board those candidates proposed by the Board of Directors: Heinrich Fischer, Götz-Michael Müller and Dr. Rudolf Wehrli. Peter J. Hauser, whose term of office had expired, was re-elected for a three-year term. Chairman of the Board of Directors, Lambert Leisewitz, was confirmed in office. With these approvals, SIG’s shareholders have expressed their support for the current Board of Directors and its corporate strategy. 547 shareholders attended the Annual General Meeting of March 30, 2006 at Neuhausen am Rheinfall, presided by Chairman of the Board, Lambert Leisewitz. In all, 3 502 235 shares, or a share capital representing CHF 35 022 350 were represented. These figures are equivalent to a 53.9% of the total capital. The Assembly approved the Annual Report, the Annual Financial Statements and the Group Statements for 2005, which reflect the highest profit (EUR 47 million) since the year 2000. It further approved the proposal of the Board of Directors relating to the appropriation of available earnings. In this connection, the proposed reduction of share capital requires an amendment to the Articles of Association, which was also approved by a significant majority. Consequently, the share capital of SIG Holding Ltd. now amounts to CHF 39 million, divided into 6.5 million registered shares each with a nominal value of now CHF 6.- (hitherto CHF 10.-). Through this reduction in nominal value, the shareholders will receive a repayment of CHF 4.- per share. In total, the dividend pay-out to shareholders amounts to CHF 26 million. Newly elected to the Board are the candidates proposed by the Board of Directors: Heinrich Fischer (CEO of Saurer AG), Götz-Michael Müller (former Managing Director of Coca-Cola GmbH) and Dr. Rudolf Wehrli (CEO of Gurit-Heberlein AG). Peter J. Hauser, whose term of office had expired on the date of the General Meeting, was re-elected for a three-year term. The incumbent Vice Chairman of the Board, Martin Huber decided not to stand for re-election upon expiry of his term of office. On behalf of the entire Board of Directors, Chairman of the Board, L. Leisewitz expressed warm thanks to Mr. Huber for his valuable contribution to the successful re-orientation of SIG over the past two years. The motions of Special Solutions Holding Limited (subsidiary of Sterling Strategic Value Ltd.), which included the removal of members of the Board of Directors and election to the Board of its own three candidates, were rejected by the Annual General Meeting. The new SIG Board of Directors is constituted by the following members: Lambert Leisewitz (Chairman, incumbent) Heinrich Fischer (new), Peter J. Hauser (re-elected), Thomas Hübner (incumbent), Robert Lombardini (incumbent), Götz-Michael Müller (new), David Schnell (incumbent), Dr. Rudolf Wehrli (new). Download Media Release 060330 News overview >> |
