The Board of Directors’ proposed appropriation of available earnings
For the 2023 financial year, in view of the free cash flow, the Board of Directors will propose to the Annual General Meeting that a regular dividend per share of CHF 2.00 shall be distributed. The Board of Directors of the TX Group still intends to distribute to shareholders the cash inflow of CHF 135 million resulting from the merger of the digital marketplaces into SMG Swiss Marketplace Group. The special dividend is to be paid over three years, starting in 2022, each time in the amount of CHF 4.20 per share and financial year. In total, the Board of Directors of the TX Group is proposing a dividend in the amount of CHF 6.20 per share for the 2023 financial year. Subject to the approval of shareholders at the Annual General Meeting on 19 April 2024, dividends will be paid on 25 April 2024 to shareholders registered as at 24 April 2024.
| in CHF mn | 2023 | 2022 | ||
|---|---|---|---|---|
| At the disposal of the General Meeting: | ||||
| Balance brought forward | – | – | ||
| Net income / (loss) | 81.7 | 215.8 | ||
| Retained earnings | 81.7 | 215.8 | ||
| Proposal of the Board of Directors: | ||||
| Retained earnings | 81.7 | 215.8 | ||
| Dividend payment | (65.7) | (47.7) | ||
| Allocation to voluntary retained earnings | (16.0) | (168.1) | ||
| Balance to be carried forward | – | – |
Zurich, 1 March 2024
On behalf of the Board of Directors
Chairman
Pietro Supino
Chief Operating Officer (COO)
Sandro Macciacchini