General meeting of shareholders of Zug Estates Holding AG approves all proposals by the board of directors

Press release

7 April 2020

General meeting of shareholders of Zug Estates Holding AG approves all proposals by the board of directors

Based on Art. 6a para. 1b of the Federal Council Ordinance of 16 March on Measures to Combat the Coronavirus (COVID-19), the eighth ordinary general meeting of Zug Estates Holding AG was held without in-person participation by its shareholders. Independent proxies were in attendance representing a total of 91.7% of share capital with voting rights. The shareholders approved all proposals by the board of directors.

Specifically, the general meeting resolved that a total of CHF 22.4 million is to be paid out to shareholders for the 2019 financial year. The ordinary gross dividend (subject to withholding tax) amounts to CHF 3.10 per series A registered share and CHF 31.00 per series B registered share. Additionally, a special gross dividend (subject to withholding tax) of CHF 1.30 per series A registered share and CHF 13.00 per series B registered share will be distributed from the profit after tax of the Aglaya promotional project. The total gross distribution to shareholders therefore amounts to CHF 4.40 per series A registered share and CHF 44.00 per series B registered share. Payment is to be made on Wednesday, 15 April 2020 (ex-date: 9 April 2020), less withholding tax of 35%.

All members of the board of directors who were proposed for re-election were confirmed for a further one-year term of office. Dr Beat Schwab was also confirmed as chairman of the board of directors. Armin Meier and Martin Wipfli were confirmed as members of the Nomination and Compensation Committee.

In a consultative vote, the general meeting of shareholders declared its agreement with the compensation report and approved the remuneration to the members of the board of directors and Group Management.

The next ordinary general meeting of shareholders of Zug Estates Holding AG will be held on 13 April 2021.

Important dates:

15 April 2020 | Distribution to shareholders (payment day)

28 August 2020 | Publication of Half-Year Report 2020

5 March 2021 | Publication of Annual Report 2020

For additional information:

Mirko Käppeli, CFO, T [phone], [e-mail]

About Zug Estates

The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on central sites that are suitable for a wide range of uses and allow sustainable development. The real estate portfolio comprises the two sites in Zug and Risch Rotkreuz. The Group also runs a city resort in Zug incorporating the leading business hotels Parkhotel Zug and City Garden and a comprehensive range of restaurants. As at December 31, 2019, the total portfolio value was CHF 1.63 billion.

Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich (ticker symbol: ZUGN, securities number: 14 805 212).

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