Zehnder : Annual General Meeting of Zehnder Group AG approves all motions made by the Board of Directors

2021 Annual General Meeting also held behind closed doors

Based on Art. 27 COVID-19 Ordinance 3, the Board of Directors of Zehnder Group AG decided to hold the 2021 Annual General Meeting without the physical presence of the shareholders. Accordingly, shareholders exercised their rights exclusively by casting their votes in writing or electronically and by granting power of attorney to the independent proxy. The Annual General Meeting on 26 March 2021 was held on 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/Recording Secretary of the Board of Directors, in the presence of the independent proxy, a representative of the external auditor (via video conference) and a notary.

All motions approved by a large majority

The shareholders of Zehnder Group AG approved the operating and financial review, the annual financial statements and the consolidated financial statements for 2020, and discharged the members of the Board of Directors and the Group Executive Committee for the 2020 financial year. In addition, they approved the motion of the Board of Directors to define an ordinary dividend of CHF 1.25 (previous year: CHF 0.70) per registered share A. This shall be paid out on 1 April 2021.

The total sum of the future remuneration for the Board of Directors and the Group Executive Committee was also approved. An advisory vote was held in order to approve the compensation report for 2020.

All members of the Board of Directors, the Chairman of the Board of Directors and the members of the Compensation Committee were re-elected for a one-year term of office. The independent proxy and the auditor were also re-elected for one year.

Finally, the shareholders approved the proposed amendment of the Articles of Association. The Compensation Committee shall be renamed the Nomination and Compensation Committee due to the extension of its responsibilities.

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

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

Next dates to note

Six-month Report 2021 28 July 2021
Sales for 2021 14 January 2022
Annual Report 2021 and Media/Analyst Conference 2022 23 February 2022
Annual General Meeting 2022 7 April 2022

Contact

René Grieder

Member of the Group Executive Committee, CFO

Zehnder Group AG, 5722 Gränichen (Switzerland)

T [phone], [e-mail]

This media release is published in German and English. The German version is binding.

For further information about the Zehnder Group, please visit www.zehndergroup.com.

Company profile

The Zehnder Group improves quality of life with comprehensive indoor climate solutions. The globally active company develops and manufactures its products in 16 plants, including 2 in China and 3 in 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 business areas with brands such as Zehnder, Runtal, Acova, Bisque, Greenwood, Paul, Core, Enervent and Recair.

The Zehnder Group has had its headquarters in Gränichen (Switzerland) since 1895. It employs around 3300 people worldwide and achieved sales of EUR 618 million in 2020. 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.