Results of the Annual General Meeting of Baloise Holding Ltd

Baloise Holding AG / Key word(s): AGMEGM Results of the Annual General Meeting of Baloise Holding Ltd 26-Apr-2024 / 13:14 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR (SIX) and pursuant to Art. 16 KR (BX) The issuer is solely responsible for the content of this announcement. Basel, 26 April 2024. At the 61st Annual General Meeting, the shareholders of Baloise Holding Ltd approved the proposal to increase the dividend to CHF 7.70 per share and elected Dr Guido Fürer as a new member of the Board of Directors. Two of the three shareholder proposals achieved a qualified majority; consequently, the registration and voting rights restrictions were removed from the Articles of Association of Baloise Holding Ltd and the threshold for a qualified majority was lowered from three quarters to two thirds.

At the Annual General Meeting of Baloise Holding Ltd, two of the three shareholder proposals reached the required qualified majority. The provisions in the Articles of Association concerning the restriction of registration and voting rights were rescinded and the qualified majority for important decisions of the Annual General Meeting was lowered from three quarters to two thirds of the votes represented at the AGM. However, the shareholder proposal to amend the nominee clause was rejected, as recommended by the Board of Directors.

Higher dividend approved

The Annual General Meeting voted in favour of all proposals by the Board of Directors. The shareholders approved the Company’s 2023 management report, annual financial statements and consolidated financial statements, and granted discharge to the members of the Board of Directors and management team. The AGM also approved the dividend proposed by the Board of Directors, meaning that a gross dividend of CHF 7.70 per share will be paid for the 2023 financial year.

Change of personnel on the Board of Directors

After eight successful years on the Board of Directors of Baloise Holding Ltd, Hugo Lasat did not stand for re-election.

The shareholders elected Dr Guido Fürer as a new member of the Board of Directors. Dr Fürer was Group Chief Investment Officer and a member of the Corporate Executive Committee at Swiss Re from 2012 to 2023. Between 2019 and 2022, he held the position of Country President for Swiss Re in Switzerland, and was also the chair of the Group Strategic Council.