Ascom Holding AG Shareholders Endorse Board Resolutions in Zug
Ascom Holding AG Shareholders Approve Board Resolutions
In a significant gathering, the shareholders of Ascom Holding AG came together to validate all recommendations from the Board of Directors during their recent Annual General Meeting. This meeting, which transpired in Zug, was marked by an impressive turnout of 54 shareholders, representing a substantial portion of the company’s registered shares with voting rights.
Key Decisions Made at the Meeting
During the event, shareholders not only discussed important business matters but also approved various resolutions that reflect the company’s commitment to transparency and performance for the fiscal year 2024. A total of 20,238,079 registered shares, accounting for 56.22% of the share capital, were represented, showcasing robust participation from the investor community.
Approval of Financial Statements and Dividend Payout
One of the major highlights of the meeting was the approval of the financial statements and the consolidated financial statements for 2024. In line with the company’s successful financial performance, shareholders agreed to a gross dividend of CHF 0.10 per share, a decision that signals confidence in the company's ongoing growth trajectory.
Re-election of Board Members and Compensation Decisions
Shareholders overwhelmingly supported the re-election of all current Board members, including Chairman Dr. Valentin Chapero Rueda, for another term of one year. The re-elections extended to the Compensation and Nomination Committee members: Nicole Burth Tschudi, Laurent Dubois, and Dr. Monika Krüsi. This continuity within the Board is expected to facilitate stable leadership as Ascom navigates future challenges and opportunities.
Commitment to Sustainability and Governance
An essential aspect of the meeting was the approval of the 2024 Remuneration Report alongside the company’s Sustainability Report, reinforcing Ascom’s dedication to ethical governance and social responsibility. Additionally, shareholders approved future remuneration packages for the Board of Directors and the Group Executive Board, ensuring alignment with industry standards and stakeholder expectations.
Amendments to Articles of Association
Significantly, the assembly also saw approval for amendments to the Articles of Association that aim to fulfill Ascom’s aspiration to create sustainable value. The approved changes implemented a term limit of 12 years for Board members, which is a strategic move to foster fresh perspectives while also abolishing the previously mandated age limit of 70 years. This reflects a progressive approach to governance that values both experience and dynamism within the Board.
Looking Ahead for Ascom Holding AG
The outcomes of this Annual General Meeting highlight a pivotal moment for Ascom Holding AG as it continues on its path of innovation and sustainability. The combination of a robust dividend payout, commitment to governance, and re-elected leadership is anticipated to foster a conducive environment for future growth and shareholder satisfaction.
Frequently Asked Questions
What happened at the Annual General Meeting of Ascom Holding AG?
The shareholders approved all proposals from the Board of Directors, including financial statements, director elections, and amendments to articles.
What dividend did shareholders agree on for the 2024 fiscal year?
Shareholders approved a gross dividend of CHF 0.10 per share for the 2024 financial year.
Who was re-elected during the meeting?
All members of the Board of Directors, including Chairman Dr. Valentin Chapero Rueda, were re-elected for an additional year.
What governance changes were made?
Shareholders approved a term limit of 12 years for Board members and abolished the age limit of 70 years.
How does Ascom address sustainability?
Ascom is committed to creating sustainable value as outlined in their recent amendments to the Articles of Association and their Sustainability Report.
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