ISS and Glass Lewis fully endorse all gategroup’s proposals to the Annual General Meeting

ISS and Glass Lewis fully endorse all gategroup's proposals to the Annual General Meeting

ZURICH, April 10, 2015 ̶ gategroup today announced that both Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. recommend shareholders to vote for all proposals by the Board of Directors at the upcoming Annual General Meeting (AGM).

The recommendations of the two leading US proxy advisors include among others:

• Appropriation of available earnings and dividend payment of CHF 0.45 per share
• Discharge to the Members of the Board of Directors and Executive Management Board
• Re-election / election of Remo Brunschwiler, Andreas Schmid, Anthonie Stal, David Barger, Julie Southern, Gerard van Kesteren and Frederick Reid as members of the Board of Directors
• Re-election of Andreas Schmid as Chairman of the Board of Directors
• Election of Julie Southern, Anthonie Stal and Frederick Reid as Members of the Compensation Committee
• Approval of maximum aggregate amount of compensation of the Board of Directors and the Executive Management Board

The AGM will be held on April 16, 2015 in Zurich Kloten.

Contacts

For media	For investors/analysts
Lara Galiotta	Dagmara Robinson
[e-mail]	[e-mail]
[phone]	[phone]

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 expression 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.

Press Release (PDF)

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