Clariant AG Clariant shareholders approve all agenda items
(Thomson Reuters ONE) -
Clariant AG /
Clariant AG Clariant shareholders approve all agenda items
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* Dividend payment resumed at CHF 0.30 per share through reduction of par
value
* Waiving of voting rights limit of 10 percent of share capital
* Clariant re-affirms Group outlook 2012
* Rudolf Wehrli succeeds Jürg Witmer as Chairman of the Board of Directors
Muttenz, 27 March 2012 - The Annual General Meeting of Clariant AG, a world
leader in specialty chemicals, took place on 27 March 2012 in Basel and approved
all agenda items. It was attended by 560 shareholders or proxies, representing
132`215`758 shares or 44.7% of Clariant's total share capital.
The AGM approved the annual report and annual accounts for 2011 with 99.9
percent of votes, discharged the corporate bodies of the company with 98.1
percent of votes, and voted for the allocation of the available net profit to
the free reserves with 99.8 percent. With 76.8 percent of votes, it also
approved on a consultative basis the company's compensation policy.
With 99.7 percent of votes, the General Meeting followed the Board of Director's
proposal to repay the par value of CHF 0.30 per registered share, instead of
distributing an ordinary dividend. The share capital will therefore be reduced
as well as the par value of each registered share by CHF 0.30 to CHF 3.70.
With 65.6 percent of votes, shareholders also waived the restriction of the
voting rights limit of
10 percent of the share capital for each shareholder.
Rudolf Wehrli succeeded Jürg Witmer as Chairman of the Board of Directors, as
both Witmer and Klaus Jenny retired from the Board.
PricewaterhouseCoopers AG was re-elected as auditors for the financial year
2012.
In his outlook, CEO Hariolf Kottmann confirmed the already announced
expectations for 2012. An accurate forecast for 2012 is difficult to make, given
the current level of economic uncertainty. In its base case scenario, Clariant
expects that, after a weak start to 2012, the global economy will progressively
strengthen in the course of the year. Therefore, results for the first half-year
are expected to be lower compared to the high base of the first half of 2011,
with an improvement in the second half-year 2012. For full-year 2012, Clariant
expects further sales growth in local currencies and sustained profitability.
END
Media Relations Contacts Phone E-mail
Ulrich Nies +41 61 469 6158 ulrich.nies(at)clariant.com
Dominik Schneider +41 61 469 6363 dominiks.schneider(at)clariant.com
Investor Relations Contacts Phone E-mail
Ulrich Steiner +41 61 469 6745 ulrich.steiner(at)clariant.com
Siegfried Schwirzer +41 61 469 6749 siegfried.schwirzer(at)clariant.com
www.clariant.com
Clariant is an internationally active specialty chemical company, based in
Muttenz near Basel. The group owns over 100 companies worldwide and employed
22 149 employees on December 31, 2011. In the financial year 2011, Clariant
produced a turnover of CHF 7.4 billion. Clariant is divided into eleven business
units: Additives; Catalysis & Energy; Emulsions, Detergents & Intermediates;
Functional Materials; Industrial & Consumer Specialties; Leather Services;
Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile
Chemicals.
Clariant focuses on creating value by investing in future profitable and
sustainable growth, which is based on four strategic pillars:
Improving profitability, innovation as well as research and development, dynamic
growth in emerging markets, and optimizing the portfolio through complementary
acquisitions or divestments
Press Release english:
http://hugin.info/100166/R/1597530/503567.pdf
Press Release deutsch:
http://hugin.info/100166/R/1597530/503569.pdf
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Clariant AG via Thomson Reuters ONE
[HUG#1597530]
Unternehmensinformation / Kurzprofil:
Datum: 27.03.2012 - 15:00 Uhr
Sprache: Deutsch
News-ID 128934
Anzahl Zeichen: 5015
contact information:
Town:
Muttenz 1
Kategorie:
Business News
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