SFS : shareholders approve all proposals at AGM

805 shareholders attended the 23rd Annual General Meeting of SFS Group AG. All proposals were approved by a large majority.

Board Chairman Heinrich Spoerry opened the 23rd Annual General Meeting (AGM) of SFS Group AG on 20 April 2016. 805 shareholders attended the AGM held at the Aegeten sports center in Widnau (Switzerland). They represented 27'583'490 shares, which corresponds to 74% of share capital.

Heinrich Spoerry commented on the 2015 financial year, which was characterized by solid financial results despite the appreciation of the Swiss franc. In his comments, CEO Jens Breu highlighted the key products and projects in each of the three business segments that will shape the future business development of SFS. Rolf Frei, CFO, commented on the key financial aspects.

Re-election of all members of the Board of Directors

During the statutory part of the meeting, shareholders approved the annual report, the annual financial statements, and the consolidated financial statements and accepted the auditor's report. Compensation paid to the Board of Directors and the Group Executive Board was likewise approved and the compensation report accepted. Members of both boards were released from liability for their activities during the past year. Shareholders also approved the proposed dividend payout of CHF 1.50 per registered share which is unchanged from the previous year out of fairness towards and solidarity with the employees in Switzerland. They clearly improved the company's competitiveness by working longer hours and foregoing vacation leave.

All members of the Board of Directors were re-elected to their previous positions, as was Heinrich Spoerry as Chairman of the Board of Directors. The law firm bürki bolt németh in Heerbrugg was re-elected as independent proxy and PricewaterhouseCoopers AG in St. Gallen was re-elected as auditor.