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Zug Estates Holding AG

04/13/2021 | Press release | Distributed by Public on 04/13/2021 10:05

General Meeting of shareholders of Zug Estates Holding AG approves all proposals by the board of directors

13. April 2021

General Meeting of shareholders of Zug Estates Holding AG approves all proposals by the board of directors

Press release
Zug, 13 April 2021

Due to the ongoing COVID-19 pandemic, the ninth ordinary general meeting of Zug Estates Holding AG was held without in-person participation by its shareholders. Independent proxies were in attendance representing a total of 92.2% of share capital with voting rights. The shareholders approved all proposals by the board of directors.

Specifically, the general meeting resolved that a total of CHF 22.4 million is to be paid out to shareholders for the 2020 financial year. The ordinary gross dividend (subject to withholding tax) amounts to CHF 3.40 per series A registered share and CHF 34.00 per series B registered share. Additionally, a special gross dividend (subject to withholding tax) of CHF 1.00 per series A registered share and CHF 10.00 per series B registered share will be distributed from the profit of the Aglaya promotional project. The total gross distribution to shareholders therefore amounts to CHF 4.40 per series A registered share and CHF 44.00 per series B registered share. A net dividend of CHF 2.86 per series A registered share and CHF 28.60 per series B registered share remains following payment of the Swiss withholding tax of 35%. The net dividend amount will be paid out starting Wednesday, 19 April 2021 (payment date).

All members of the board of directors who were proposed for re-election were confirmed for a further one-year term of office. Dr Beat Schwab was also confirmed as chairman of the board of directors. Armin Meier and Martin Wipfli were confirmed as members of the Nomination and Compensation Committee.

In a consultative vote, the general meeting of shareholders declared its agreement with the compensation report and approved the remuneration to the members of the board of directors and Group Management.

The next ordinary general meeting of shareholders of Zug Estates Holding AG will be held on 12 April 2022.

Downloads:

Press release (PDF)

Upcoming events:

19 April 2021
27 August 2021

4 March 2022
12 April 2022

Distribution to shareholders (payment date)
Publication of Half-Year Report 2021
Publication of Annual Report 2021
Ordinary General Meeting

For further information, please contact:

Mirko Käppeli, CFO

T +41 41 729 10 10, [email protected]

About Zug Estate AG:
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on central sites which are suitable for a wide range of uses and allow sustainable development. The real estate portfolio comprises the two sites in Zug and Risch Rotkreuz. The Group also runs a city resort in Zug incorporating the two leading business hotels Parkhotel Zug and City Garden and a comprehensive range of restaurants. The total value of the portfolio came to CHF 1.65 billion as at 31 December 2020.
Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich, (ticker symbol: ZUGN; securities number: 14 805 212).
Zug Estates Holding AG | Industriestrasse 12 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch