VZ : shareholders approve all Board of Director’s motions
April 12, 2023 at 12:00 pm EDT
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Ad hoc announcement pursuant to Art. 53 LR
Source: VZ Holding AG / SIX: VZN / ISIN: CH0528751586
VZ shareholders approve all Board of Director's motions
Zug, 12 April 2023 - At VZ Holding Ltd's Annual General Meeting held today, the shareholders approved all the motions proposed by the Board of Directors. Matthias Reinhart, who had passed on the operational management of VZ Group to Giulio Vitarelli at the end of 2022, was elected as the new Chairman of the Board of Directors.
The Annual General Meeting approved the management report, VZ Holding Ltd's annual financial statements and the consolidated financial statements for the business year 2022 and granted discharge to the Board of Directors and the Executive Board. The dividend of CHF 1.73 per registered share was approved and will be paid out on 18 April 2023.
Matthias Reinhart, founder and main shareholder of VZ Group, handed over operational management to Giulio Vitarelli at the end of 2022. At the Annual General Meeting, he was elected Chairman of the Board of Directors. He succeeds Fred Kindle, who is stepping down from the Board of Directors. The current Board members Roland Iff, Albrecht Langhart, Roland Ledergerber and Olivier de Perregaux remain in office for another year. Matthias Reinhart and Roland Iff join Roland Ledergerber on the Compensation Committee.
On the recommendation of the Board of Directors, the Law Office Keller Ltd was reelected as independent proxy and PricewaterhouseCoopers Ltd as auditors. In addition, the General Meeting approved all proposed amendments to the Articles of Association and approved the maximum remuneration of the Board of Directors for the 2023/24 term of office, the maximum fixed remuneration of the Executive Board for the 2023 financial year and its variable remuneration for the 2022 financial year.
Contacts
Adriano Pavone
Petra Märk
Head Media Communications
Head Investor Relations
Phone +41 44 207 25 22
Phone +41 44 207 26 32
Mail adriano.pavone@vzch.com
Mail petra.maerk@vzch.com
VZ Group
VZ is an independent Swiss financial service company, and VZ Holding Ltd's shares are listed on the SIX Swiss Exchange. Asset management, pension and estate planning for individuals as well as insurance and pension fund management for companies are VZ Group's core services. VZ Holding is headquartered in Zug, and VZ has 40 branch offices in Switzerland, Germany and England.
Forward-looking statements
This press release contains forward-looking statements that involve known and unknown risks, uncertainties or other factors that may cause the actual results to be materially different from any future results, performance, or achievements expressed or implied by such statements. Against the background of these uncertainties, readers should not rely on such forward-looking statements. The company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.
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VZ Holding AG published this content on 12 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2023 15:59:09 UTC.
VZ Holding AG is a Switzerland-based holding company engaged in the provision of financial advisory services. It advises individuals and companies on various aspects of investment, mortgage, tax, insurance, retirement and estate planning. The Company operates two business segments: private client segment and corporate client segment. The private client segment focuses on financial consulting and wealth management services, as well as banking services, aimed at wealthy private individuals aged 50 or over. The corporate client segment focuses on the consultancy activities relating to benefit planning, insurance and risk management, as well as cooperates within a framework of an insurance management mandate. The key service in this segment is the administration of pension fund solutions, as well as managing pension funds. The Company operates through wholly owned subsidiaries in Switzerland and Germany, as well as through a minority owned subsidiary Frueh & Partner Vermoegensverwalt AG.