Zehnder : Annual General Meeting of Zehnder Group AG approves all motions

2022 Annual General Meeting also held behind closed doors

Based on Art. 8 of the COVID-19 Act, the Board of Directors of Zehnder Group AG once again decided to hold the 2022 Annual General Meeting without the shareholders being able to participate physically. The Annual General Meeting on 7 April 2022 was held in the premises of Zehnder Group AG at the company's headquarters in Gränichen by the Chairman of the Board of Directors, the Vice Chairman and the Secretary and Recording Secretary of the Board of Directors, in the presence of the independent proxy and a representative of the external auditor. Shareholders had the opportunity to exercise their rights in advance by voting in writing or electronically and by granting power of attorney to the independent proxy. In total, 79.28% of the total capital or 90.10% of the registered voting capital was represented.

All motions approved by a large majority

The shareholders of the Zehnder Group approved the Management Report, the annual financial statements and the consolidated financial statements for 2021. They discharged the members of the Board of Directors and the Group Executive Committee for the 2021 financial year. They also approved the payment of dividends amounting to CHF 1.80 (previous year: 1.25 CHF) per registered share A. This shall be paid out on 13 April 2022.

The total amounts of the future compensation for the Board of Directors and the Group Executive Committee were also approved. An advisory vote was held in order to approve the Compensation Report for 2021.

The Chairman and the other members of the Board of Directors were re-elected. In addition, Sandra Emme was elected as a new, independent member of the Board of Directors. She was also elected to the Nomination and Compensation Committee, replacing Dr Urs Buchmann, who did not stand for re-election to the Nomination and Compensation Committee. The remaining members of the Nomination and Compensation Committee were re-elected. The Annual General Meeting also confirmed the re-election of the independent proxy and the statutory auditor.

For the detailed voting results, please refer to our website:

www.zehndergroup.com/en/investor-relations/general-meeting-of-shareholders

Company profile

The Zehnder Group improves quality of life with comprehensive indoor climate solutions. The globally active company develops and manufactures its products in its own plants in Europe, China and North America. Its sales activities, spanning more than 70 countries, take place through local sales companies and representative offices.

Zehnder Group products and systems for heating and cooling, comfortable indoor ventilation and air cleaning are characterised by outstanding design and high energy efficiency. The Group is among the market and technology leaders in its segments with brands such as Zehnder, Acova and Core.

The Zehnder Group has had its headquarters in Gränichen (CH) since 1895. It employs around 3,500 people worldwide and achieved sales of EUR 697 million in 2021. The company is listed on the SIX Swiss Exchange (symbol ZEHN/number 27 653 461). The unlisted registered shares B are held by the Zehnder family and persons closely associated with them.