Ordinary General Meeting of Shareholders 2012

Swatch Group: Decisions taken by the Swatch Group shareholders at the Ordinary Assembly General Meeting of Wednesday, May 16, 2012 at the Kongresshaus in Biel / Bienne, Switzerland

Biel / Bienne (Switzerland), May 16, 2012 – At its today’s Ordinary Assembly General Meeting, the shareholders of the Swatch Group Ltd approved the proposals submitted by the Board of Directors with a large majority (2,307 present shareholders representing 76.8% of the voting rights). The proposals concerned:

1. 2011 Annual Report

Proposal: After reviewing the reports of the Statutory auditors, the Board of Directors recommends that the General Meeting approves the 2011 Annual Report (Annual Report, Financial Statements and Consolidated Financial Statements).

2. Discharge of the Board of Directors

Proposal: The Board of Directors recommends that the General Meeting shall discharge all members of the Board of Directors for the financial year 2011.

3. Resolution for the Appropriation of the Net Income

Proposal: The Board of Directors recommends that the General Meeting appropriates the 2011 profit of CHF 792’955’150.89 resulting from the balance sheet (net income as of 31.12.2011 of CHF 755’530’261.96 plus balance brought forward from the previous year of CHF 37’424’888.93) as follows:

Dividend on share capital of: CHF 125’210’250.00
– CHF 1.15 per registered share with a par value of CHF 0.45: CHF 142’651’750.00
– CHF 5.75 per bearer share with a par value of CHF 2.25: CHF 177’330’000.00
Allocation to special reserve: CHF 450’000’000.00
Net income brought forward: CHF 22’973’400.89

Total: CHF 792’955’150.89

NB: The Group intends not to pay a dividend to the subsidiaries of which it is a 100% owner.

4. Nomination of the Statutory Auditors

Proposal: The Board of Directors recommends that the General Meeting appoints PricewaterhouseCoopers Ltd for another period of one year as Statutory Auditors.

Message from the Chair, Nayla Hayek.

Contacts

Media

Béatrice Howald, Spokesperson
The Swatch Group Ltd, Biel / Bienne (Switzerland)
Phone: +41 32 343 68 33
E-mail: please use our «Contact Form»

Investors

Felix Knecht, Investor Relations Officer
The Swatch Group Ltd, Biel / Bienne (Switzerland)
Phone: +41 32 343 68 11
E-mail: please use our «Contact Form»

PDF Document (77 KB)

Back to the List

Ordinary General Meeting of Shareholders 2012