The Board of Directors’ proposed appropriation of available earnings

For the 2020 financial year, the Board of Directors will recommend to the Annual General Meeting of 9 April 2021 that no dividend shall be distributed. In the previous year, the Annual General Meeting decided in favour of the proposal of the Board of Directors, resolving to distribute a dividend of CHF 3.50 per share.

in CHF 000   2020   2019
At the disposal of the General Meeting        
Balance brought forward    
Net income / (loss)   2 925   103 282
Retained earnings   2 925   103 282
Motion of the Board of Directors        
Retained earnings   2 925   103 282
Dividend payment     (37 100)
Allocation to voluntary retained earnings   (2 925)   (66 182)
Balance to be carried forward    

Zurich, 2 March 2021

On behalf of the Board of Directors


Pietro Supino

Head of Finances & Human Resources

Sandro Macciacchini