The Board of Directors’ proposed appropriation of available earnings
As proposed by the Board of Directors, TX Group has decided not to pay a dividend in 2020. For 2021, in view of the solid free cash flow, the Board of Directors will propose a regular dividend per share of CHF 3.20 at the Annual General Meeting. In addition, the Board of Directors of TX Group intends to distribute the cash proceeds of CHF 135 million resulting from the merger of the digital marketplaces to form SMG Swiss Marketplace Group to the shareholders. The special dividend is to be paid out over three years and amount to CHF 4.20 per share and financial year. In total, the Board of Directors of TX Group proposes a dividend of CHF 7.40 per share for the financial year 2021. Subject to shareholder approval at the Annual General Meeting on 8 April 2022, the dividends will be paid on 14 April 2022 to shareholders of record as at 12 April 2022.
| in CHF 000 | 2021 | 2020 | ||
|---|---|---|---|---|
| At the disposal of the General Meeting | ||||
| Balance brought forward | – | – | ||
| Net income / (loss) | 312 639 | 2 925 | ||
| Retained earnings | 312 639 | 2 925 | ||
| Motion of the Board of Directors | ||||
| Retained earnings | 312 639 | 2 925 | ||
| Dividend payment | (78 440) | – | ||
| Allocation to voluntary retained earnings | (234 199) | (2 925) | ||
| Balance to be carried forward | – | – |
Zurich, 25 February 2022
On behalf of the Board of Directors
Chairman
Pietro Supino
Chief Operating Officer (COO)
Sandro Macciacchini
