ZÜBLIN IMMOBILIEN HOLDING AG Media Release
Zurich, 19 June 2019
Züblin Immobilien Holding AG: AGM approves Board Proposals
On occasion of yesterday's 30th Annual General Meeting the shareholders of Züblin Immobilien Holding AG, represented by 63% of the share capital, approved all motions put forward by the Board of Directors. They approved the 2018/19 Annual Report, the reports of the statutory auditors as well as the remuneration report, and granted discharge to the Board of Directors and Management.
Dr. Wolfgang Zürcher, proposed as successor to Dr. Iosif Bakaleynik, was elected Chairman of the Board of Directors by the shareholders for a one-year term of office. With the re-election of its existing members Vladislav Osipov and Dr. Markus Wesnitzer, the Board now consists of three members. In addition, all members of the Board of Directors were elected to the Compensation Committee. The shareholders also approved the re-election of Ernst & Young as auditors for the 2019/20 financial year.
Futhermore, the shareholders approved to carry forward the net loss of CHF 107,878,924.90 to the new account and the tax-free distribution of CHF 1.00 per registered share from statutory capital reserves (totalling CHF 3'318'027.00).
The proposed amendment to the Articles of Association regarding the extension of the authorised capital of CHF 37'327'792.50 until 18 June 2021 was also approved. The Board of Directors is thus authorised to increase the share capital by issuing a maximum of 1'659'013 fully paid-up registered shares with a nominal value of CHF 22.50 each during this period. And finally, the shareholders approved the remuneration of the Board of Directors and the Management.
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