2018 General Meeting approves all agenda items
The 46th Ordinary General Meeting of CPH Chemie + Papier Holding AG approved all the items on the meeting agenda by overwhelming majorities. These included a reduction in the nominal value of the company’s share capital from CHF 30 million to CHF 12 million.
A total of 202 shareholders representing 75.5% of all voting shares attended the 2018 Ordinary General Meeting of CPH Chemie + Papier Holding AG in Lucerne on Wednesday 14 March. All the items on the meeting agenda were approved by overwhelming majorities, including a dividend distribution of CHF 0.65 per share for the 2017 financial year. The Board of Directors, the auditors and the independent voters’ proxy were all re-elected with over 99% of the votes represented.
Reduction in nominal value resolved
The Annual Meeting further resolved a reduction in the nominal value of the company’s share capital from CHF 30 million to CHF 12 million. The CHF 18 million reduction amount will be allocated to the capital contribution reserve. This will permit further tax-exempt dividend distributions to natural persons in Switzerland. The dividend for the 2017 financial year will probably not be distributed until June 2018, as certain timetables must be observed for the nominal value reduction resolved.