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- All proposals by the Board of Administrators accepted
- twenty second consecutive dividend enhance representing a 1.5% enhance year-on-year
- Election of Roberto Guidetti as new member of the Board of Administrators
- Retirement from the Board of Administrators of Prof. Dr-Ing. Werner Bauer, Lilian Biner and Michael Carlos
- Re-election of remaining six Board members, together with the re-election of Calvin Grieder as Chairman
The Annual Normal Assembly of Givaudan SA happened on 23 March 2023. It was attended by 323 shareholders or proxies, representing 5,360,661 shares (58.06% of a complete of 9,233,586 registered shares).
“After a very difficult yr, I’m happy with how our groups all over the world navigated this tough exterior setting and wish to specific my because of colleagues, clients, companions and suppliers for his or her continued dedication and nice collaboration. As well as, I used to be happy to give you the option, as soon as once more, to greet our shareholders in individual at our 2023 AGM and wish to share my thanks for his or her belief and continued help.”
Calvin Grieder, Chairman of the Board of the Administrators
The Annual Normal Assembly accepted the 2022 Administration Report, the annual monetary statements and the consolidated monetary assertion with 99.77% of votes and discharged the members of the Board of Administrators with 99.42% of votes.
With 94.75% of votes, it additionally accepted the Firm’s compensation report on a consultative foundation.
The Annual Normal Assembly accepted a distribution to the shareholders of a money dividend of CHF 67.00 gross per share. That is the twenty-second consecutive dividend enhance following Givaudan’s itemizing on the Swiss inventory alternate in 2000. The quantity might be paid as an atypical dividend, taxable in Switzerland, on 29 March 2023.
Additional, shareholders accepted a collection of modifications to Givaudan SA’s Articles of Incorporation to implement new provisions of the Swiss Code of Obligations that took impact on 1 January 2023. These included modifications to provisions pertaining to the share capital, the Normal Assembly of shareholders, the obligations of the Board of Administrators and to the provisions on government remuneration. As well as, shareholders accepted the introduction of a capital vary authorising the Board of Administrators to extend the Firm’s capital by a most of 10% with the best to withdraw or limit shareholders’ subscription rights within the context of capital will increase throughout the capital vary in reference to M&A and capital market actions. The authorisation is legitimate for 5 years. Shareholders additionally authorised the Board of Administrators to make use of the capital vary to difficulty conditional capital to serve sure monetary devices.
Roberto Guidetti was elected as new member of the Board of Administrators for a time period of 1 yr ending after completion of the subsequent atypical Annual Normal Assembly. Prof Dr-Ing. Werner Bauer, Ms Lilian Biner and Mr Michael Carlos didn’t stand for re-election and have due to this fact retired from the Board of Administrators after the Annual Normal Assembly 2023. The remaining six present members of the Board of Administrators had been re-elected, every for a time period of 1 yr till the subsequent Annual Normal Assembly in 2024, in accordance with the authorized necessities and Givaudan’s Articles of Incorporation.
- Victor Balli*
- Ingrid Deltenre*
- Olivier Filliol*
- Sophie Gasperment
- Calvin Grieder (additionally re-elected as Chairman)
- Tom Knutzen
Mr Manuel Isler, attorney-at-law, was re-elected as unbiased shareholder consultant till the subsequent Annual Normal Assembly in 2024 and KPMG AG was elected as new statutory auditors for the monetary yr 2023.
Lastly, the Annual Normal Assembly accepted the remuneration for the Board of Administrators and the Govt Committee. Specifically, it accepted:
- most combination quantity of compensation of the Board of Administrators for the time period till the Annual Normal Assembly 2024 of CHF 3,000,000, by 98.63% of the votes,
- combination quantity of brief time period variable compensation of the Govt Committee for the fiscal yr 2022 of CHF 3,336,733, by 96.25% of the votes and
- most combination quantity of mounted and long-term variable compensation of the Govt Committee for the fiscal yr 2023 of CHF 15,400,000, by 93.99% of the votes.
Pierre Bénaich, Givaudan Media and Investor Relations
T +41 22 780 9053
E pierre.benaich@givaudan.com
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