The shareholders of VAT Group AG approved all motions proposed by the Board of Directors at today’s ordinary Annual General Meeting (AGM), including the payout of a 14% higher dividend of CHF 6.25 per share.

339 shareholders representing 64.63 percent of the company’s share capital were present at the meeting held in St Gallen.

The shareholders re-elected Dr. Martin Komischke as Chairman of the Board of Directors. In addition, Urs Leinhäuser, Karl Schlegel, Hermann Gerlinger, Libo Zhang, Daniel Lippuner and Maria Heriz were confirmed as members of the Board of Directors.  Petra Denk was elected as the eighth member of the Board of Directors.

Urs Leinhäuser, Hermann Gerlinger and Libo Zhang were re-elected to the Nomination and Compensation Committee (NCC).

The shareholders also approved the revision of the Articles of Association, implementing the requirements of the revised Stock Corporation Act and taking into account current best practices in the field of corporate governance. In addition, some language changes were executed, adapting the articles to the new legal terminology.

The shareholders approved a dividend from accumulated gains of CHF 6.25 per registered share of VAT. The last trading day with entitlement to receive a dividend is Wednesday, May 17, 2023, and VAT shares will be traded ex-dividend as of Friday, May 19, 2023. The payment will take place on Tuesday, May 23, 2023.

The compensation report 2022 was endorsed by a vast majority of shareholders in an advisory vote. Shareholders also approved in separate binding votes the short-term variable compensation (STI) of the Group Executive Committee for the financial year 2022, the total maximum amount of fixed compensation of the Group Executive Committee for the financial year 2024, the maximum amount of the long-term incentive (LTI) of the Group Executive Committee for the financial year 2024 and the total maximum amount of compensation for the now eight members of the Board covering the next term until the Annual General Meeting 2024.