Put companies on watchlist
SIG Group AG
ISIN: CH0435377954
WKN: A2N5NU
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

SIG Group AG · ISIN: CH0435377954 · EQS - adhoc news (58 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1613251
20 April 2023 06:25PM

Annual General Meeting approved all proposals of Board of Directors


SIG Group AG / Key word(s): AGMEGM
SIG Group AG: Annual General Meeting approved all proposals of Board of Directors

20-Apr-2023 / 18:25 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.


Media release

20 April 2023

SIG Annual General Meeting approved all proposals of Board of Directors

At today’s Annual General Meeting, the shareholders of SIG voted in favour of all of the Board of Directors’ proposals.

288,050,915 votes or about 75.35 percent of the share capital were represented at SIG’s Annual General Meeting (“AGM”), which was held at SIG’s headquarters in Neuhausen am Rheinfall, Switzerland.

The AGM approved all proposals, including:

  • A cash dividend of CHF 0.47 per share, to be paid out of capital contribution reserves. The payment of the dividend is scheduled for 27 April 2023.
  • The maximum aggregate amount of compensation of the Board of Directors for the period from the 2023 AGM until the 2024 AGM and of the Group Executive Board for the financial year 2024 and, in a non-binding advisory vote, the Compensation Report 2022.
  • An amendment to the Company’s purpose in the Articles of Association to explicitly state that the Board of Directors and the Group Executive Board shall endeavour to ensure that the group’s business activities and operations strive for long-term, sustainable value crea­tion and a positive impact on society and the environment.
  • The establishment of a capital band as introduced under the new Swiss corporate law in lieu of the existing authorized share capital. Under the capital band, the Board of Directors may increase the share capital by up to 20% of the current share capital if shareholders' subscription rights are safeguarded, and up to 10% if shareholders' subscription rights are restricted. The authority to reduce the share capital by cancellation or by par value reduc­tion is limited to 10%. The authorisation under the capital band is limited to 3 years. There­after the Board of Directors will be required to ask shareholders to renew the capital band.

The AGM further re-elected all the Board of Directors who stood for re-election, as well as Florence Jeantet who was elected as a new member of the Board of Directors. Andreas Umbach was con­firmed as Chair of the Board of Directors for a one-year term. Wah-Hui Chu and Mariel Hoch were re-elected and Matthias Währen was elected as members of the Compensation Committee for a one-year term.

The Board of Directors would like to take this opportunity to extend its sincere thanks to Colleen Goggins, who decided not to stand for re-election in 2023. The Board of Directors is grateful for her valuable contributions since joining the Board of Directors in 2018.

 

 About SIG

SIG is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustain­able, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with end-to-end solutions for differentiated products, smarter factories, and connected packs, all to address the ever-changing needs of consumers. Sustainability is integral to our business, and we strive to create a net positive food packaging system.

 

Founded in 1853, SIG is headquartered in Neuhausen, Switzerland, and listed at the SIX Swiss Exchange. The skills and experience of our approximately 9,000 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 100 countries. In 2022, SIG produced 49 billion packs and generated €3.1 billion in pro forma revenue (incl. unaudited revenue from recent acquisitions). SIG has an AA ESG rating by MSCI, a 13.4 (low risk) score by Sustainalytics and a Platinum CSR rating by EcoVadis. For more information, visit our website.

 

For insights into trends that drive the food and beverage industry, visit the SIG blog.

 

 

Investor contact:

Ingrid McMahon
Director Investor Relations
Tel: +41 52 543 1224
Email: Ingrid.mcmahon@sig.biz

 

Media contact:

Andreas Hildenbrand
Lemongrass Communications
Tel: +41 44 202 5238
Email: andreas.hildenbrand@lemongrass.agency 

 


Additional features:


File: SIG AGM 2023

End of Inside Information
Language: English
Company: SIG Group AG
Laufengasse 18
8212 Neuhausen am Rheinfall
Switzerland
Phone: +41 52 674 61 11
Fax: +41 52 674 65 56
E-mail: info@sig.biz
Internet: www.sig.biz
ISIN: CH0435377954
Listed: SIX Swiss Exchange
EQS News ID: 1613251

 
End of Announcement EQS News Service

1613251  20-Apr-2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1613251&application_name=news&site_id=boersengefluester_html
Visual performance / price development - SIG Group AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.