At the APG|SGA General Meeting on 28 April 2021, shareholders approved all the Board of Directors’ motions by a clear majority. The payment of a dividend for the 2020 financial year was waived due to the situation caused by the pandemic.
Due to the COVID-19 situation, the General Meeting was carried out virtually. APG|SGA shareholders were able to exercise their rights in writing or via electronic means through an independent proxy. More than 88.7% of the registered shares with voting rights were represented.
All members of the Board of Directors up for re-election were confirmed for a further year. The Board of Directors comprises Dr Daniel Hofer (Chairman), Xavier le Clef (Vice-Chairman), Dr Maya Bundt, Jolanda Grob, Stéphane Prigent and Markus Scheidegger. Jolanda Grob (Chair) and Markus Scheidegger were appointed to the Remuneration Committee of the Board of Directors. Robert Schmidli has reached the statutory age limit and therefore did not stand for re-election.
The Annual Report, annual financial statements and consolidated financial statements for 2020 were approved. The Board of Directors and the Executive Board were discharged for the 2020 financial year. The compensation for the Board of Directors and the fixed and variable compensation for the Executive Board were approved with more than 88% of votes.
The General Meeting resolved, with a majority of 98.1%, to waive payment of a dividend for the 2020 financial year. In not taking a dividend, the shareholders are showing solidarity by making an important contribution to overcoming the current crisis situation, which has greatly affected APG|SGA.
APG|SGA AG, press office
T+41 58 220 70 71, email@example.com