Appropriation of retained earnings
Proposal for the appropriation of available retained earnings as at 30 June 2022
|
CHF million |
|
Financial year ended 30.06.2022 |
|
Financial year ended 30.06.2021 |
|
Net profit for the period |
|
50.5 |
|
44.2 |
|
Allocation from reserves for treasury shares |
|
7.0 |
|
8.4 |
|
Statutory retained earnings carried forward from previous year |
|
482.1 |
|
455.6 |
|
Unappropriated retained earnings at the end of the period |
|
539.6 |
|
508.2 |
|
Allocation from reserves from capital contributions 1) |
|
24.2 |
|
26.3 |
|
Total at the AGM’s disposal |
|
563.8 |
|
534.5 |
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 11 October 2022 a total distribution of CHF 48.4 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 24.2 million (2020/21: CHF 26.3 million) from capital contributions without deduction of Swiss withholding tax; and
- CHF 24.2 million (2020/21: CHF 26.3 million) from statutory retained earnings subject to Swiss withholding tax
|
CHF million |
|
Proposal to the AGM 2022 |
|
Approved by the AGM 2021 |
|
Distribution from reserves from capital contributions 1) |
|
24.2 |
|
26.3 |
|
Dividend distribution from statutory retained earnings 1) |
|
24.2 |
|
26.3 |
|
To be carried forward |
|
515.4 |
|
481.9 |
|
Total at the AGM’s disposal |
|
563.8 |
|
534.5 |
1) Calculated based on the number of total shares as at 30 June 2022. The total amount of the distribution depends on the number of shares entitled to dividend payout as at 12 October 2022. 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 17 October 2022 according to the instructions received: CHF 11.50 (2020/21: CHF 12.50) gross per listed registered share at a par value of CHF 0.10.