Annual Shareholders’ Meeting approves increased dividend of CHF 20

Apr 19, 2017 6:00 PM

At the 121st Annual Shareholders’ Meeting of Georg Fischer Ltd. held on 19 April 2017, the shareholders approved all proposals of the Board of Directors with one exception.

For the first time in more than 20 years, the Annual Shareholders’ Meeting in Schaffhausen was not held in the former iron foundry, but in the IWC Arena. A total of 921 shareholders were present and 2'108'458 votes represented. This presence corresponds to 74,37% of the shareholder votes entered in the share register with voting rights.

All nine members of the Board of Directors were re-elected and Andreas Koopmann was confirmed as Chairman. The Annual Shareholders’ Meeting approved the future maximum compensation of both the Board and Executive Committee. It also approved the distribution of a dividend amounting to CHF 20 per share (previous year CHF 18).

Mainly based on the recommendations of two Anglo-Saxon proxy advisors who had criticized the remuneration model before the shareholder’s meeting, the 2016 Compensation Report did not find a majority of the consultative vote. GF will once again discuss the topic with larger shareholders and the proxy advisors over the following months in order to elaborate a remuneration model which is widely accepted.

>Photos from the event

>Press kit 



GF comprises three divisions: GF Piping Systems, GF Automotive, and GF Machining Solutions. Founded in 1802, the Corporation is headquartered in Switzerland and is present in 33 countries with 131 companies, 51 of them production facilities. Its approximately 14’800 employees generated sales of CHF 3’744 million in 2016. GF is the preferred partner of its customers for the safe transport of liquids and gases, lightweight casting components in vehicles, and high-precision manufacturing technologies.

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Contact

Beat Römer
Head of Corporate Communications
Georg Fischer AG
Amsler-Laffon-Strasse 9
8201 Schaffhausen
Switzerland

media #at# georgfischer dot com