250 shareholders attended the annual general meeting in person and 66.84% of the votes were represented. Philip Mosimann reported to the meeting that the Group is virtually debt-free, with a solid financial basis, despite the challenging business year in 2015. The shareholders went on to vote in favour of all the proposals of the board of directors. They approved the election of Philip Mosimann as a member and chairman and the re-election of all the members of the board of directors and the remuneration committee. The appointment of PwC as statutory auditors was confirmed. The annual general meeting approved the remuneration of members of the board of directors for the forthcoming term of office and the variable remuneration of members of group management for the 2015 business year as well as the fixed remuneration for 2017.
Rolf Broglie stepped down after 20 years’ service as a member of the board of directors and since 2010 as its chairman. The board of directors wants to take this opportunity to thank Rolf Broglie for his many years of committed service to Bucher Industries and wish him all the best for the future and this new chapter in his life.
With the dividend of CHF 5.50 per registered share, Bucher Industries AG is distributing a total dividend payout of CHF 56.4 million. As of 19 April 2016 the shares will be traded without the right to dividends. The dividend will be paid on 21 April 2016, net of 35% withholding tax.
The following documents can be downloaded from the Bucher website at Annual General Meeting: the invitation to the annual general meeting, the presentation on the business performance in 2015, including notes on the remuneration packages, as well as the minutes of the AGM, once they become available.
The next ordinary annual general meeting will take place on 19 April 2017 at 3.30 pm at the Mövenpick Hotel in Regensdorf, Switzerland.
Simply great machines
Bucher Industries is a global technology group with leading market positions in speciality areas of mechanical and vehicle engineering. The company's operations include specialised agricultural machinery, municipal vehicles, hydraulic components, manufacturing equipment for the glass container industry and for wine and fruit juice production, as well as automation technology. The group's shares are traded on the SIX Swiss Exchange (SIX: BUCN).