Clariant's shareholders approve all agenda items
(Thomson Reuters ONE) -
Clariant AG /
Clariant's shareholders approve all agenda items
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The issuer is solely responsible for the content of this announcement.
* Distribution increase to CHF 0.45 per share confirmed
* Integrated Report and Group's Consolidated Financial Statements for
fiscal year 2016 approved
* Shareholders approve Compensation Report 2016 on a consultative basis
* All members of the Board of Directors reelected
Muttenz, March 20, 2017 - At today's Annual General Meeting in Basel, the
shareholders of Clariant AG, a world leader in specialty chemicals, approved all
agenda items and resolutions proposed by the Board of Directors. The meeting was
attended by 482 shareholders and shareholder representatives accounting for
178 055 160 shares or around 53.64 % of the share capital of Clariant.
Rudolf Wehrli, Chairman of the Board of Directors, said: "In 2016, Clariant
delivered an excellent result: the EBITDA margin before exceptional items
increased from 14.7% to 15.2%, the operating cash flow increased by 29% to 646
million Swiss francs and the net profit rose by 16% to 263 million Swiss
Francs". Hariolf Kottmann, CEO, reconfirmed the mid-term target of reaching a
leading position in the specialty chemicals industry. "For 2017, despite an
uncertain environment characterized by a high volatility in commodity prices,
currencies as well as political uncertainties, Clariant is confident to be able
to achieve growth in local currency, as well as progression in operating cash
flow and profitability."
At the Annual General Meeting, the Integrated Report (formerly Annual Report) as
well as the Group's Consolidated Financial Statements for the 2016 fiscal year
were approved with 99.97 % of the votes. The Compensation Report 2016 was also
approved on a consultative basis with 82.33 % of the votes. The members of the
Board of Directors and the Executive Committee were discharged with 99.67 % of
the votes. In addition, the Annual General Meeting approved the appropriation of
the accumulated profit for 2016 with 99.97 % of the votes, as well as a
distribution of the confirmed reserves from capital contributions of CHF 0.45
per share with 99.96 % of the votes.
All 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 statutory auditor for 2017.
The proposal for overall compensation of the Board of Directors for the term
from the 2017 to the 2018 Annual General Meeting was approved with 96.82 % of
the votes, as was the overall compensation of the Executive Committee for the
2018 fiscal year, with 83.50 % of the votes.
NB:
The speeches (German only) of Rudolf Wehrli, Chairman of the Board of Directors,
CEO Hariolf Kottmann, and guest speaker Richard Haldimann along with pictures
are available on http://www.clariant.com/en/Investors/Events/Annual-General-
Meetings
Corporate Media Relations Investor Relations
Jochen Dubiel Anja Pomrehn
Phone +41 61 469 63 63 Phone +41 61 469 67 45
jochen.dubiel(at)clariant.com anja.pomrehn(at)clariant.com
Claudia Kamensky Maria Ivek
Phone +41 61 469 63 63 Phone +41 61 469 62 92
claudia.kamensky(at)clariant.com maria.ivek(at)clariant.com
Thijs Bouwens
Phone +41 61 469 63 63
thijs.bouwens(at)clariant.com
Follow us on Twitter, Facebook, Google
Plus, LinkedIn.
www.clariant.com
Clariant is a globally leading specialty chemicals company, based in Muttenz
near Basel/Switzerland. On 31 December 2016 the company employed a total
workforce of 17 442. In the financial year 2016, Clariant recorded sales of
CHF 5.847 billion for its continuing businesses. The company reports in four
business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics &
Coatings. Clariant's corporate strategy is based on five pillars: focus on
innovation through R&D, add value with sustainability, reposition portfolio,
intensify growth, and increase profitability.
Press Release english:
http://hugin.info/100166/R/2089051/788613.pdf
Press Release german:
http://hugin.info/100166/R/2089051/788614.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Clariant AG via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 20.03.2017 - 14:30 Uhr
Sprache: Deutsch
News-ID 531253
Anzahl Zeichen: 5346
contact information:
Town:
Muttenz 1
Kategorie:
Business News
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"Clariant's shareholders approve all agenda items"
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