Clariant's Shareholders Approve All Agenda Items
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Clariant AG /
Clariant's Shareholders Approve All Agenda Items
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* Distribution increases to CHF 0.40 per share
* Annual Report and Group's Consolidated Financial Statements for fiscal year
2014 approved
* Shareholders approve Compensation Report 2014 on a consultative basis
* Susanne Wamsler newly elected as a member of the Board of Directors
Muttenz, March 31, 2015 - At today's Annual General Meeting in Basel, the
shareholders of Clariant AG, a world leader in specialty chemicals, approved all
agenda items and proposals put forward by the Board of Directors. The meeting
was attended by 459 shareholders and shareholder representatives accounting for
189 451 802 shares or around 57.07 % of the share capital of Clariant.
Hariolf Kottmann, CEO, reconfirmed the mid-term target to achieve a position in
the top tier of the specialty chemicals industry. "This corresponds to an EBITDA
margin range of 16% to 19% before exceptional items, and a return on invested
capital (ROIC) above peer group average", said Hariolf Kottmann. "For 2015, we
expect low to mid-single digit sales growth in local currencies, an EBITDA
margin before exceptional items above 2014, and a significantly increased
generation of cash flow."
The Annual General Meeting approved the Annual Report as well as the Group's
Consolidated Financial Statements for the fiscal year 2014 with 99.96 % of the
votes in favor. The 2014 Compensation Report was also approved on a consultative
basis with 88.71 % of the votes. The members of the Board of Directors and the
Executive Committee were discharged with 99.74 % of the votes. In addition, the
Annual General Meeting approved the appropriation of the accumulated profit for
2014 with 99.97 % of the votes in favor, as well as the distribution of reserves
from capital contributions of CHF 0.40 per share with 99.97 % of the votes.
Nominated by the Board of Directors, Susanne Wamsler, a US citizen, was elected
as the first female board member. She replaces Dolf Stockhausen who has reached
the statutory maximum age for board members and will therefore resign. All other
members of the Board of Directors were reelected for one year by a large
majority, as was the Chairman of the Board of Directors, Rudolf Wehrli.
PricewaterhouseCoopers AG was confirmed as the auditor for 2015.
The proposal for overall compensation of the Board of Directors for the period
between the 2015 and 2016 Annual General Meetings was approved with 92.73 % of
the votes, as was the overall compensation of the Executive Committee for
financial year 2016, with 90.45 % of the votes.
NB:The speeches by Chairman of the Board of Directors Rudolf Wehrli and CEO
Hariolf Kottmann along with Susanne Wamsler's CV are available under "Annual
General Meeting 2015" in the "Investors" area at www.clariant.com.
Corporate Media Relations Investor Relations
Carsten Seum Siegfried Schwirzer
Phone +41 61 469 63 63 Phone +41 61 469 67 49
carsten.seum(at)clariant.com siegfried.schwirzer(at)clariant.com
Stefanie Nehlsen Marco Ferraro
Phone +41 61 469 63 63 Phone +41 61 469 64 11
stefanie.nehlsen(at)clariant.com marco.ferraro(at)clariant.com
Press release english:
http://hugin.info/100166/R/1907881/679786.pdf
Press release german:
http://hugin.info/100166/R/1907881/679787.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 GlobeNewswire
[HUG#1907881]
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News-ID 382459
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