2020

24.03.2020 – Swiss Prime Site AG

Annual General Meeting approves all Board recommendations

MEDIA RELEASE

Olten, 24 March 2020

Annual General Meeting approves all Board recommendations

  • 2019 accounts and distribution of CHF 3.80 per share approved
  • Proposed compensation for Board of Directors and Executive Board approved
  • Election of Ton Büchner as new Chairman and existing Board members confirmed
  • Publication of the pro forma consolidated accounts 2019 excluding Tertianum

2019 accounts and distribution of CHF 3.80 per share approved

The Annual General Meeting approved the 2019 financial statements. Shareholders also endorsed the Board’s recommendation that a distribution of CHF 3.80 per share be paid in respect of all qualifying registered shares. This is composed of an ordinary dividend from the balance sheet profit of CHF 1.90 gross per registered share (CHF 1.24 net after deduction of 35% withholding tax) and a withholding tax-exempt distribution from capital contribution reserves of CHF 1.90 per registered share. The dividend payment date is 1 April 2020 and the ex-dividend date is 30 March 2020.

Proposed compensation for Board of Directors and Executive Board approved

The 2019 remuneration report of Swiss Prime Site AG was approved by shareholders in a consultative vote. The Annual General Meeting also held separate binding votes on the total 2020 compensation payable to members of the Board of Directors and to the Executive Board. Both agenda items were approved.

Election of Ton Büchner as new Chairman and existing Board members confirmed

Ton Büchner was elected as new Board member and Chairman. The Board members Dr. Barbara Frei-Spreiter, Gabrielle Nater-Bass, Christopher M. Chambers, Dr. Rudolf Huber, Mario F. Seris and Thomas Studhalter were all elected for a further term of office lasting until the 2021 Annual General Meeting.

Publication of the 2019 pro forma consolidated accounts excluding Tertianum

Swiss Prime Site has published the pro forma consolidated accounts excluding the Tertianum Group as at 30 June and 31 December 2019 on its website. This is intended to improve the comparability of the income statement and balance sheet following the sale of the Tertianum Group as at the end of February 2020.

Should you have any questions, please contact:

Investor Relations, Markus Waeber

Phone: +41 58 317 17 64, markus.waeber@sps.swiss

Media Relations, Mladen Tomic

Phone: +41 58 317 17 42, mladen.tomic@sps.swiss

Swiss Prime Site

Swiss Prime Site AG is the leading listed real estate company in Switzerland. Its high-quality real estate is worth over CHF 11 billion and consists of properties with good value retention in prime locations, which predominantly comprise office and retail floor space. Swiss Prime Site Immobilien AG invests in high quality buildings and land, which together with conversion and development of entire areas form the company’s core business. One of the real estate-related group companies is Jelmoli, the leading premium department store in Switzerland. On a retail floor space of 24 000 m2 third-party shop-in-shop concepts and own formats are managed in the city of Zurich and on the airport. Wincasa is the biggest and most important integral real estate service provider in Switzerland and ideally complements Swiss Prime Site’s core business. Its innovative range of services cover the entire property life cycle. Assets under management amount to approximately CHF 71 billion. In 2017, an asset manager focusing on the real estate sector was founded with Swiss Prime Site Solutions. The business develops tailor-made services and investment products for third-party clients.

Swiss Prime Site is distinguished by its experienced management team, high earnings continuity and outstanding risk-return profile. The company has been listed on the SIX Swiss Exchange since 2000 and has a market capitalisation of approximately CHF 8 billion.

SIX Swiss Exchange | Symbol SPSN | Securities number 803 838

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUB­LICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF SWISS PRIME SITE AG HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.


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