Annual General Meeting of gategroup Holding AG: Shareholders approve all proposals of the Board of Directors

Annual General Meeting of gategroup Holding AG:
Shareholders approve all proposals of the Board of Directors

ZURICH, April 16, 2015 ̶ gategroup Holding AG held its Annual General Meeting today. Shareholders, representing 69.5% of all outstanding shares, voted in favor of all proposals of the Board of Directors.

The shareholders approved the management report, the consolidated financial statements, the annual financial statements and the 2014 compensation report in a consultative vote and they agreed to grant discharge to the members of the Board of Directors and the Executive Management Board for the financial year 2014. The shareholders further approved the proposed dividend of CHF 0.45 per share.

David Barger, Gerard van Kesteren, Frederick Reid and Julie Southern were elected as members of the Board of Directors, each for a term until the end of the next Annual General Meeting. The existing Board members Remo Brunschwiler, Andreas Schmid and Anthonie Stal were re-elected as members of the Board of Directors, each for a further term until the end of the next Annual General Meeting. gategroup's shareholders re-elected Andreas Schmid as Chairman of the Board of Directors and (re-)elected Frederick Reid, Julie Southern and Anthonie Stal as members of the Compensation Committee.

Neil Brown, Ilona De March, Andrew Gibson and Brian Larcombe were not standing for re-election. The Board thanked them for their service to the Company.

The shareholders re-elected PricewaterhouseCoopers AG, Zurich, as auditors for the financial year 2015.

Lastly, the shareholders approved the maximum aggregate amount of compensation of the Board of Directors for the term of office starting at the 2015 Annual General Meeting and ending after completion of the 2016 Annual General Meeting and the maximum aggregate amount of compensation of the Executive Management Board for the financial year 2016.

Following the Annual General Meeting the Board of Directors appointed Julie Southern as chairperson of the Compensation Committee and Gerard van Kestern as chairperson of the Audit Committee. Remo Brunschwiler was appointed Vice Chairman of the Board of Directors.

Contacts

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Lara Galiotta	Dagmara Robinson
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Overview of gategroup

gategroup is the leading independent global provider of products, services and solutions related to a passenger's onboard experience. gategroup comprises the following brands: deSter, eGate Solutions, Gate Aviation, Gate Gourmet, Gate Retail Onboard, Gate Safe, Harmony, Performa, Pourshins and Supplair.

Forward-Looking Statements

This publication contains forward-looking statements and other statements that are not historical facts. The words "believe", "anticipate", "plan", "expect", "project", "estimate", "predict", "intend", "target", "assume", "may", "will", "could" and similar expressions are intended to identify such forward-looking statements. Such statements are made on the basis of assumptions and expectations that we believe to be reasonable as of the date of this publication but may prove to be erroneous and are subject to a variety of significant uncertainties that could cause actual results to differ materially from those expressed in forward-looking statements. Among these factors are changes in overall economic conditions, changes in demand for our products, changes in the demand for, or price of, oil, risk of terrorism, war, geopolitical or other exogenous shocks to the airline sector, risks of increased competition, manufacturing and product development risks, loss of key customers, changes in government regulations, foreign and domestic political and legislative risks, risks associated with foreign operations and foreign currency exchange rates and controls, strikes, embargoes, weather-related risks and other risks and uncertainties. We therefore caution investors and prospective investors against relying on any of these forward-looking statements. We assume no obligation to update forward-looking statements or to update the reasons for which actual results could differ materially from those anticipated in such forward-looking statements, except as required by law.

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