2020

24.04.2020 – Metall Zug AG

Metall Zug AG: General meeting of shareholders approves all proposals

Press release dated April 24, 2020

Metall Zug AG: General meeting of shareholders approves all proposals

Zug, April 24, 2020 – At the 133rd ordinary general meeting of shareholders of Metall Zug AG, the shareholders approved all the proposals of the Board of Directors.

A cash dividend of CHF 1.70 per registered share of type A and CHF 17.00 per registered share of type B will be paid.

In connection with the spin-off of the V-ZUG Group, the general meeting also approved the distribution of a stock dividend of one registered share of V-ZUG Holding AG per type A registered share and ten registered shares of V-ZUG Holding AG per type B registered share.

Following the spin-off of the V-ZUG Group, the current Life Science Solutions Business Unit, Gehrig Group AG and the Corporate reporting segment will be grouped together in the new reporting segment "Other".

Due to the corona crisis, the 133rd ordinary general meeting of Metall Zug AG was held on April 24, 2020, without the shareholders being physically present. A total of 1’003 shareholders, 79.05% of the share capital and 95.18% of the votes were represented by the independent voting representative. They approved all the proposals of the Board of Directors.

The general meeting of shareholders approved the 2019 annual report and the annual and consolidated financial statements and – on the basis of a consultative vote – the 2019 compensation report. The shareholders then approved the appropriation of available earnings in 2019 as follows: distribution of a cash dividend in the amount of CHF 1.70 (gross) for each registered share of type A and CHF 17.00 (gross) for each registered share of type B. Therefore, the total value of the cash dividend distribution – no distribution is paid on treasury shares – is expected to be CHF 7,620,590. CHF 45,135,524 will be carried forward. The cash dividend will be paid on April 30, 2020.

The general meeting also approved the distribution of a stock dividend in connection with the spin-off of the V-ZUG Group. One registered share of V-ZUG Holding AG will be allocated for each type A registered share and ten registered shares of V-ZUG Holding AG for each type B registered share. Each registered share of V-ZUG Holding AG will have a par value of CHF 0.27. Payment of the stock dividend and listing of the V-ZUG Holding AG share is planned for June 25, 2020.

The existing members of the Board of Directors, Dominik Berchtold, Heinz M. Buhofer, Sandra Emme, Claudia Pletscher, Dr. Peter Terwiesch and Martin Wipfli were re-elected for a further term of office of one year. Marga Gyger retired from the Board of Directors in accordance with the term limits set down in the articles of association. Martin Wipfli, who has been a member of the Board of Directors of Metall Zug AG since 2010, was confirmed as Chairman of the Board of Directors.

With a large majority, the general meeting of shareholders then approved – prospectively in both cases – the fees paid to members of the Board of Directors until the next ordinary general meeting of shareholders and the fixed compensation for Senior Management for the year 2021. The general meeting of shareholders also approved the variable compensation for Senior Management retrospectively for the 2019 financial year.

The next ordinary general meeting of shareholders of Metall Zug AG will presumably take place on Friday, April 30, 2021, in Zug.

New reporting segment "Other"

Following the spin-off of the V-ZUG Group and thus the discontinuation of the Household Appliances Business Unit, the number of reporting segments is to be reduced to five. The current Life Science Solutions Business Unit, Gehrig Group AG and the Corporate reporting segment (Metall Zug AG) will be grouped together in the new reporting segment "Other".

About the Metall Zug Group

Metall Zug is a group of industrial companies headquartered in Zug. The Group has around 5,000 employees and comprises six Business Units:

  • Household Appliances (V-ZUG Holding AG, V-ZUG AG, SIBIRGroup AG, Gehrig Group AG and other subsidiaries)
  • Infection Control (Belimed Group)
  • Life Science Solutions (Belimed Life Science AG, Belimed Life Science d.o.o.)
  • Medical Devices (Haag-Streit Group)
  • Wire Processing (Schleuniger Group)
  • Technology Cluster & Infra (Tech Cluster Zug AG, Urban Assets Zug AG, V-ZUG Infra AG, MZ Infra AG)

The holding company Metall Zug AG is listed in the Swiss Reporting Standard of SIX Swiss Exchange in Zurich (type B registered shares: securities number 3982108, ticker symbol METN).

Metall Zug AG processes personal data in accordance with its privacy statement available under: https://www.metallzug.ch/en/datenschutzerklaerung.

Key dates

June 24, 2020 (after close of trading) Cut-off date for receipt of V-ZUG shares

June 25, 2020 First day of trading of Metall Zug shares ex stock dividend

June 25, 2020 Listing and first day of trading of V-ZUG shares on SIX

August 17, 2020 Publication of results for the first half of 2020

April 30, 2021 Ordinary General Meeting of Shareholders

Further information

Daniel Keist Christof Gassner

Chief Financial Officer Head of Corporate Communications & IR

Phone: + 41 58 768 60 50 Phone: +41 58 768 60 50

The press release is available at https://www.metallzug.ch/en/medien/medienmitteilungen/. The shareholder information brochure on the spin-off of the V-ZUG Group is available at https://www.metallzug.ch/investoren/abspaltung (in German only).


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