Appropriation of retained earnings

Proposal for the appropriation of available retained earnings as at 30 June 2020

CHF million

 

Financial year ended 30.06.2020

 

Financial year ended 30.06.2019

Net profit for the period

 

66.2

 

62.1

Allocation from reserves for treasury shares

 

7.3

 

–30.1

Statutory retained earnings carried forward from previous year

 

404.0

 

372.0

Unappropriated retained earnings at the end of the period

 

477.5

 

404.0

Allocation from reserves from capital contributions1)

 

22.1

 

67.2

Total at the AGM’s disposal

 

499.6

 

471.2

1)Reserves from capital contributions will only be released in the amount of the resolution of the AGM.

The BoD will propose to the shareholders at the AGM on 20 October 2020 a total distribution of CHF 44.2 million on the basis of the share capital of CHF 420,002 (4,200,026 shares at CHF 0.10) without contribution to other reserves, to be equally paid out from the reserves from capital contributions and statutory retained earnings:

CHF million

 

Proposal to the AGM 2020

 

Approved by the AGM 2019

Distribution from reserves from capital contributions1)

 

22.1

 

67.2

Dividend distribution from statutory retained earnings1)

 

22.1

 

0.0

To be carried forward

 

455.4

 

404.0

Total at the AGM’s disposal

 

499.6

 

471.2

1)Calculated based on the number of total shares as at 30 June 2020. The total amount of the distribution depends on the number of shares entitled to dividend as at 21 October 2020. Treasury shares are not entitled to dividend payout.

After approval of this proposal by the AGM, the distribution from the reserves from capital contributions as well as dividend distribution from statutory retained earnings will be paid out on 26 October 2020 according to the instructions received: CHF 10.50 (2018/19: CHF 16.00) gross per listed registered share at CHF 0.10 par value.

Notes to the financial statementsFive-year performance overview

This website uses cookies to ensure you get the best experience on our website.Privacy statement

You are using an outdated browser. Please update your browser to view this website correctly: https://browsehappy.com/