VAT Group AG Annual General Meeting 2024

Shareholders approved all Board proposals and unchanged dividend of CHF 6.25 per share

VAT Group AG / Key word(s): AGMEGM VAT Group AG Annual General Meeting 2024: Shareholders approved all Board proposals and unchanged dividend of CHF 6.25 per share 14.05.2024 / 17:13 CET/CEST The shareholders of VAT Group AG approved all motions proposed by the Board of Directors at today’s ordinary Annual General Meeting (AGM), including the payout of an unchanged dividend of CHF 6.25 per share.

351 shareholders representing 67.82% percent of the company’s share capital were present at the meeting held in St.Gallen.

The shareholders re-elected Dr. Martin Komischke as Chairman of the Board of Directors. In addition, Urs Leinhäuser, Karl Schlegel, Hermann Gerlinger, Libo Zhang, Daniel Lippuner and Petra Denk were confirmed as members of the Board of Directors. Thomas A. Piliszczuk was elected as a new member of the Board of Directors, replacing Maria Heriz who did not stand for re-election.

Urs Leinhäuser, Hermann Gerlinger and Libo Zhang were re-elected to the Nomination and Compensation Committee (NCC).

The shareholders approved a dividend from accumulated gains of CHF 6.25 per registered share of VAT. The last trading day with entitlement to receive a dividend is Wednesday, May 15, 2024, and VAT shares will be traded ex-dividend as of Thursday, May 16, 2024. The payment will take place on Tuesday, May 21, 2024.

The shareholders approved in a consultative vote the report on non-financial matters (Sustainability Report 2023). In addition, the compensation report 2023 was also endorsed by a vast majority of shareholders in a consultative vote. Shareholders also approved in separate binding votes the short-term incentive (STI) compensation of the Group Executive Committee (GEC) for the financial year 2023, the total maximum amount of fixed compensation of the GEC for the financial year 2025, the maximum amount of the long-term incentive (LTI) compensation of the GEC for the financial year 2025 and the total maximum amount of compensation for the eight members of the Board covering the next term until the AGM 2025.