Media Release Sonova shareholders approved all motions of the Board of
Directors Stäfa (Switzerland), 17 June 2014 - The shareholders of Sonova
Holding AG approved all motions of the Board of Directors at the Annual
General Shareholders' Meeting (AGM) on June 17, 2014, and decided on a
dividend of CHF 1.90 per share. 467 shareholders attended the AGM of Sonova
Holding AG in Zurich, representing approximately 64.4% of the total share
capital. The shareholders approved the Annual Report, the Annual Consolidated
Financial Statements of the Group and the Annual Financial Statements of
Sonova Holding AG for 2013/14 and ratified a gross dividend of CHF 1.90 per
share. This amounts to a payout of approximately CHF 127.6 million
corresponding to a payout ratio of approximately 37% of the net profit of last
year's reporting period. The distribution will be made with the anticipated
value date of June 24, 2014.
The shareholders formally approved the actions of the members of the Board of
Directors for their activities during the 2013/14 business year. All members
of the Board of Directors standing for re-election for a further term of
office in accordance with the new provisions of the Ordinance against
Excessive Compensation with respect to Listed Companies (OaEC) were
re-elected. During the course of these elections, the current Chairman of the
Board of Directors Robert F. Spoerry was also confirmed in office. Re-elected
to the Nomination & Compensation Committee were Robert F. Spoerry (Chairman),
Beat Hess and John J. Zei. Furthermore, Stacy Enxing Seng (born 1964, US
citizen) was newly elected to the Board of Directors.
As a consequence of the required amendments to conform to the OaEC, votes were
held this year on numerous amendments to the Articles of Association. The
various proposed amendments to the Articles of Association were divided up
into two agenda items and put to a vote. The shareholders agreed with the
proposals submitted by the Board of Directors and approved the two agenda
items. In addition, the AGM ratified the compensation report 2013/14 in a
non-binding advisory vote.
PricewaterhouseCoopers AG, Zurich, was re-elected as Auditors for a further
period of one year. Andreas G. Keller was elected as the Independent Proxy in
accordance with the OaEC provisions, which state that independent proxies must
now be elected by the AGM.
The next AGM will be convened on June 16, 2015.
The presentation and the minutes (in German) of the AGM 2014 will soon be
available on our website: http://www.sonova.com/en/AGM
- End -
Investor Relations Media Relations
Thomas Bernhardsgrütter Michael Isaac
Phone +41 58 928 33 44 Phone +41 58 928 33 24
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This Media Release contains forward-looking statements, which offer no
guarantee with regard to future performance. These statements are made on the
basis of management's views and assumptions regarding future events and
business performance at the time the statements are made. They are subject to
risks and uncertainties including, but not confined to, future global economic
conditions, exchange rates, legal provisions, market conditions, activities by
competitors and other factors outside Sonova's control. Should one or more of
these risks or uncertainties materialize or should underlying assumptions
prove incorrect, actual outcomes may vary materially from those forecasted or
expected. Each forward-looking statement speaks only as of the date of the
particular statement, and Sonova undertakes no obligation to publicly update
or revise any forward-looking statements, except as required by law.
Sonova Holding AG, headquartered in Staefa, Switzerland, is the leading
manufacturer of innovative hearing care solutions. The Group operates through
its core business brands Phonak, Unitron, Advanced Bionics and Connect
Hearing. Sonova offers its customers one of the most comprehensive product
portfolios in the industry - from hearing instruments to cochlear implants to
wireless communication solutions. Founded in 1947, the Group is currently
present in over 90 countries across the globe and has a workforce of over
9,000 dedicated employees. Sonova generated sales of CHF 2.0 billion in the
financial year 2013/14 and a net profit of CHF 347 million. By supporting the
Hear the World Foundation, Sonova pursues its vision of a world where everyone
enjoys the delight of hearing and therefore lives a life without limitations.
For more information please visit www.sonova.com and www.hear-the-world.com.
Sonova shares (ticker symbol:SOON, Security no: 1254978, ISIN: CH1012549785)
have been listed on the SIX Swiss Exchange since 1994. The securities of
Sonova have not been and will not be registered under the U.S. Securities Act
of 1933, as amended (the "U.S. Securities Act"), or under the applicable
securities laws of any state of the United States of America, and may not be
offered or sold in the United States of America except pursuant to an
exemption from the registration requirements under the U.S. Securities Act and
in compliance with applicable state securities laws, or outside the United
States of America to non-U.S. Persons in reliance on Regulation S under the
U.S. Securities Act.
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