The 48^th Ordinary General Meeting of CPH Chemie + Papier Holding AG was held in Lucerne on Tuesday 17 March 2020. In compliance with the current COVID-19 Ordinance 2 issued by the Swiss Federal Council, no shareholders were allowed to physically attend. The ordinance does, however, permit such shareholders’ meetings to be held, subject to the exclusion of the shareholders concerned.

No shareholders appeared at the venue in advance of the meeting. If they had, they would have been able to assign their share votes to the independent shareholders’ representative. No shareholders were excluded from casting their meeting votes. Instead of the usual audience of more than 200 shareholders, the meeting was held with only a handful of attendees.

CPH Chemie + Papier Holding AG had asked its shareholders to entrust their meeting votes to the independent shareholders’ representative in a communication on 5 March. The latter represented 77.5% of the company’s 6 000 000 shares at the 2020 General Meeting. The meeting approved all its agenda items by overwhelming majorities. These included the reduction of the nominal value of the CPH share from CHF 2.00 to CHF 0.20, with the repayment to shareholders of the CHF 1.80 reduction amount.

Minutes of the resolutions of the 2020 AGM, in German (pdf) 

The presentation provided at the meeting will be found here:

Presentation to the 2020 AGM, in German (pdf)

Further information on the meeting is available here.