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
Chairman
Pietro Supino
Head of Finances & Human Resources
Sandro Macciacchini
