Sonova shareholders approved all motions of the Board of Directo

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 -  Contacts:  Investor Relations                           Media Relations Thomas Bernhardsgrütter                      Michael Isaac Phone   +41 58 928 33 44                     Phone   +41 58 928 33 24 Mobile  +41 79 618 28 07                     Mobile  +41 79 420 29 56 Email   thomas.bernhardsgruetter@sonova.com  Email   michael.isaac@sonova.com  Disclaimer  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.  About Sonova  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.  Media Release (PDF)  Provider                  Channel         Contact Tensid Ltd., Switzerland  newsbox.ch      Provider/Channel related enquiries www.tensid.ch             www.newsbox.ch  marco@tensid.ch                                           +41 41 763 00 50  
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