Schweiter Technologies: Solid start to the year - AGM 2012 - Shareholders approve all proposals put forward by the Board of Directors
(Thomson Reuters ONE) -
Schweiter Technologies /
Schweiter Technologies: Solid start to the year - AGM 2012 - Shareholders
approve all proposals put forward by the Board of Directors
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Horgen, May 9, 2012 - At the Annual General Meeting of Schweiter Technologies AG
held today in Horgen, shareholders approved by a large majority all proposals
put forward by the Board of Directors.
Notably, payment of CHF 39.26 (CHF 12.00 per share in cash and of CHF 27.26 per
share in the form of the distribution of one bearer share from the company's
treasury shares for 18 bearer shares held) from reserves from capital
contributions was approved. Beat Siegrist, Beat Frey, Heinrich Fischer, Lukas
Braunschweiler and Jacques Sanche were re-elected as members of the Board of
Directors for a term of office of one year.
In addition, shareholders approved renewal of the authorized share capital and
an amendment of the Articles of Incorporation to bring them into line with the
Swiss Federal Act on Intermediated Securities.
Operational business is progressing as expected at the start of the year. At 3A
Composites, Architecture and Display are turning in an encouraging performance
with good results in Europe and the US. Market share was gained in the core
materials segment despite continuing pressure on margins, in particular in
China. SSM Textile Machinery is performing on a par with the previous year,
while after a tentative start to the year Ismeca Semiconductor is reporting an
increase in orders received.
For further information:
Martin Klöti, Head of Management Services
Tel. +41 44 718 33 03, fax +41 44 718 34 51, info(at)schweiter.com
Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland
Tel. +41 44 718 33 03 Fax +41 44 718 34 51 info(at)schweiter.com
www.schweiter.com
Please find the Media release in the PDF attached:
Media release (PDF):
http://hugin.info/100347/R/1610543/511935.pdf
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Source: Schweiter Technologies via Thomson Reuters ONE
[HUG#1610543]
Unternehmensinformation / Kurzprofil:
Datum: 09.05.2012 - 18:01 Uhr
Sprache: Deutsch
News-ID 144655
Anzahl Zeichen: 2921
contact information:
Town:
Horgen
Kategorie:
Business News
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