2020

08.04.2020 – VZ Holding AG

VZ Holding AG: VZ shareholders approve of Board of Directors' motions

VZ Holding AG / Key word(s): AGMEGM/Dividend
VZ Holding AG: VZ shareholders approve of Board of Directors' motions

08-Apr-2020 / 17:40 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Press release

Source: VZ Holding AG / SIX: VZN / ISIN: CH0028200837

VZ shareholders approve of Board of Directors' motions

Zurich, 8 April 2020 - VZ Holding Ltd's shareholders approved all of the
Board of Directors' motions at the annual general meeting of shareholders
held today.

In accordance with the Federal Council's ordinance on combating coronavirus,
the Board of Directors had informed shareholders in advance that they were
not allowed to attend the general meeting. Instead, they could have their
rights exercised by the independent proxy. This opportunity was used
extensively: At the AGM 2020, 88.6 percent of the voting shares were
represented (2019: 86.6 percent).

The shareholders approved of the annual report, VZ Ltd's 2019 financial
statements and the consolidated financial statements for the 2019 business
year, and they discharged the Board of Directors and the Executive Board. A
dividend of CHF 5.10 per registered share has been approved and will be paid
out on 16 April 2020.

The proposed amendments to the Articles of Association were also approved:
The number of VZ shares will be increased by splitting the existing
registered shares in the ratio 1:5. The first trading day after the share
split will be 21 April 2020. In addition, the AGM approved the relocation of
VZ Holding Ltd's registered office from Zurich to Zug.

Fred Kindle, Roland Iff, Dr. Albrecht Langhart, Roland Ledergerber and
Olivier de Perregaux have been re-elected as members of the Board of
Directors for another twelve-month term. Within the board, Fred Kindle has
been re-elected as Chairman. Fred Kindle and Roland Ledergerber will
continue to serve on the Compensation Committee. As recommended by the Board
of Directors, the shareholders re-elected Law Office Keller Partnership as
independent proxy and PricewaterhouseCoopers Ltd as VZ Group's auditors.

Furthermore, the maximum remuneration of the Board of Directors for the
2020/21 term, the Executive Board's maximum fixed remuneration for the 2020
financial year and a performance-related remuneration for the 2019 financial
year were approved.

Contacts

     Adriano Pavone                  Petra Märk
     Head Media Communications       Head Investor Relations
     Phone +41 44 207 25 22          Phone +41 44 207 26 32
     Mail adriano.pavone@vzch.com    Mail petra.maerk@vzch.com

VZ Group
VZ is an independent Swiss financial service company, and VZ Holding Ltd's
shares are listed on the SIX Swiss Exchange. Asset management, pension and
estate planning for individuals as well as insurance and pension fund
management for companies are VZ Group's core services. VZ Holding is
headquartered in Zurich, and VZ has 34 branch offices throughout Switzerland
and Germany.

Forward-looking statements
This press release contains forward-looking statements that involve known
and unknown risks, uncertainties or other factors that may cause the actual
results to be materially different from any future results, performance, or
achievements expressed or implied by such statements. Against the background
of these uncertainties, readers should not rely on such forward-looking
statements. The company assumes no responsibility to update forward-looking
statements or to adapt them to future events or developments.


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