Swisscom : Shareholders approve all proposals of the Board of Directors

'Extraordinary circumstances require extraordinary measures', said Hansueli Loosli, Chairman of the Board of Directors, at the beginning of this year's General Meeting of Shareholders of Swisscom Ltd. Due to the extraordinary situation imposed by the Federal Council for protecting the population against coronavirus, the Meeting took place for the first time in the history of the company without shareholders on site. In addition to the Chairman of the Board of Directors, the CEO and the Secretary to the Board of Directors, only the independent proxy and a representative of the auditors were present in person. The shareholders provided the independent proxy with their voting instructions in advance. This meant 39'296'129 or 87.39 per cent of the shares with voting rights were represented. The total number of registered Swisscom shareholders was around 73,000 at the end of March 2020.

The content of the General Meeting of Shareholders was reduced to the part prescribed by the statutes, which meant there was no general agenda. To provide shareholders with information directly, the General Meeting was broadcast live via the Internet. 'Because of coronavirus, hundreds of thousands of Swiss people can no longer commute to work every morning, and are instead having to work from home,' added Hansueli Loosli. 'But school children and students are also using the Internet at home much more than before. Swisscom's efforts over the past few years to drive forward the digitisation of Switzerland and continuously expand its infrastructure are now clearly paying off. After all, it is precisely this infrastructure that is now helping us to handle the additional burden.'