LEM shareholders approve all resolutions at AGM

LEM HOLDING SA / Key word(s): AGMEGM LEM shareholders approve all resolutions at AGM 30.06.2023 / 15:30 CET/CEST Geneva, Switzerland, 30 June 2023 – LEM (SIX: LEHN), a leading global company in electrical measurement for renewable energy, automation, power network and e-mobility applications, announces that all resolutions were approved by shareholders at yesterday’s Annual General Meeting held at LEM headquarters in Geneva. The gross dividend of CHF 52.00 per share will be paid on 6 July 2023.

 

Shareholders owning a total of 893,979 shares, representing 78.42% of the share capital, cast their vote. A strong majority followed the Board of Directors’ recommendations and approved all the resolutions, the main ones being:

• Approval of the management report, the consolidated financial statements of the LEM Group and the annual financial statements of LEM HOLDING SA as at 31 March 2023.
   
• Appropriation of available earnings, and distribution of an ordinary dividend of CHF 52.00 per share, the net amount after Swiss withholding tax being CHF 33.80 payable on 6 July 2023.
   
• Approval of the compensation of the Board of Directors and the Executive Management.
   
• Re-election of all six members of the Board for a term of one year, including the role of Chairman, and membership of the Nomination & Compensation Committee.
   
• Amendments to the Articles of Incorporation to reflect the Swiss corporate law reform, which came into force on 1 January 2023.

The minutes and voting results of the AGM will be published on LEM’s website as soon as they are available within the deadlines required by law.

 

Andreas Hürlimann, Chairman, said: “As we report again record annual results, we are delighted to offer our shareholders a dividend of CHF 52 per share. This year’s performance is once again evidence of the fundamental demand for our products, which are driven by mega trends such as energy efficiency, renewable energy, mobility, and automation. These mega trends are accelerating and will offer many opportunities to capture growth and create long-term value for all stakeholders.