LONDON--(BUSINESS WIRE)--
Altin AG
RESOLUTIONS OF THE ANNUAL GENERAL MEETING
of Altin AG, which took place on Monday, 9 May 2016, starting at 2:00 p.m. (Swiss time) at Parkhotel Zug, Industriestrasse 14, CH-6300 Zug, Switzerland.
(Excerpt of the minutes)
Agenda with Proposals of the Board of Directors and Resolutions of the Annual General Meeting:
1.1. Business Report and Financial Statements 2015, Auditors’ Report
The Board of Directors proposes the following:
- the approval of the Business Report and the Financial Statements 2015; and
- the receipt of the Auditors’ Report.
1.2. Resolution of the Annual General Meeting
The Annual General Meeting resolves the approval of the Business Report and the Financial Statements 2015 and takes notice of the Auditor’s Report.
2.1. Consolidated Financial Statements 2015, Auditors’ Report
The Board of Directors proposes the following:
- the approval of the Consolidated Financial Statements 2015; and
- the receipt of the Auditors’ Report.
2.2. Resolution of the Annual General Meeting
The Annual General Meeting resolves the approval of the Consolidated Financial Statements 2015 and takes notice of the Auditors’ Report.
3.1. Allocation of Retained Earnings
The Board of Directors proposes that the retained earnings for the year 2015 of CHF 120'885'268 be carried forward.
3.2. Resolution of the Annual General Meeting
The Annual General Meeting resolves that the retained earnings for the year 2012 of CHF 120'885'268 be carried forward.
4.1. Release from Liability for the Members of the Board of Directors and the CEO
The Board of Directors proposes that all the members of the Board of Directors and the CEO be released from liability for their activities in relation to the Company for the financial year 2015.
4.2. Resolution of the Annual General Meeting
The Annual General Meeting resolves that all the members of the Board of Directors and the CEO be released from liability for their activities in relation to the Company for the financial year 2015.
5.1. Election of the Board of Directors
The Board of Directors proposes the following:
- the re-election of Eric M.C. Syz as member of the Board of Directors for a one year term of office until completion of the next Annual General Meeting.
- the re-election of André Pabst as member of the Board of Directors for a one year term of office until completion of the next Annual General Meeting.
- the re-election of Roger Rüegg as member of the Board of Directors for a one year term of office until completion of the next Annual General Meeting.
- The election of the Chairman of the Board of Directors for a one year term of office until completion of the next Annual General Meeting.
5.2. Resolution of the Annual General Meeting
The Annual General Meeting resolves the re-election of André Pabst and Roger Rüegg, the new election of Thomas Amstutz, Gerhard Niggli and Dr. Dieter Dubs for a one year term of office until completion of the next Annual General Meeting and of Thomas Amstutz as Chairman of the Board of Directors for a one year term of office until completion of the next Annual General Meeting.
6.1. Election of the Compensation Committee
The Board of Directors proposes the following:
- the re-election of André Pabst as member of the Compensation Committee for a one year term of office until completion of the next Annual General Meeting.
- the re-election of Roger Rüegg as member of the Compensation Committee for a one year term of office until completion of the next Annual General Meeting.
6.2. Resolution of the Annual General Meeting
The Annual General Meeting resolves the re-election of André Pabst and Roger Rüegg, and the new election of Thomas Amstutz for a one year term of office until completion of the next Annual General Meeting.
7.1. Election of the Auditors
The Board of Directors proposes the following:
- the re-election of PricewaterhouseCoopers AG, Zurich, for one year.
7.2. Resolution of the Annual General Meeting
The Annual General Meeting resolves the new election of KPMG AG, Zurich, for one year.
8.1. Election of the Independent Proxy
The Board of Directors proposes the following:
- the re-election of Caminada Treuhand AG Zürich, Zurich, as Independent Proxy for a one year term of office until completion of the next Annual General Meeting.
8.2. Resolution of the Annual General Meeting
The Annual General Meeting resolves the re-election of Caminada Treuhand AG Zürich, Zurich, as Independent Proxy for a one year term of office until completion of the next Annual General Meeting.
9.1. Approval of Remuneration
The Board of Directors proposes the following:
- Approval of a maximum total amount of remuneration of the Board of Directors of CHF 90'000 for the financial year 2016.
- Approval of a maximum total amount of remuneration of the CEO of CHF 240'000 for the financial year 2016.
9.2. Resolution of the Annual General Meeting
The Annual General Meeting resolves approval of a maximum total amount of remuneration of the Board of Directors of CHF 250'000 for the financial year 2016 and the approval of a maximum total amount of remuneration of the CEO of CHF 240'000 for the financial year 2016.
10. Miscellaneous
Zug, 9 May 2016
| The Chairman: | The Secretary: | ||
| Dr. Peter Altorfer | Jurij Benn | ||