Cicor Technologies Ltd. – Shareholders approve all proposals

Wed, 22 Apr 2015

Zurich, April 24, 2015 – Cicor (SIX Swiss Exchange: CICN). At the Annual Shareholders’ Meeting of Cicor Technologies Ltd. on April 23, 2015, the shareholders approved all proposals put to the Meeting by the Board of Directors. In particular, the Shareholders’ Meeting approved the proposal to distribute CHF 0.36 per registered share from the capital contribution reserve. This dividend will be paid to shareholders, free of transaction charges and withholding tax, from April 29, 2015.

 

At the Shareholders’ Meeting of Cicor Technologies Ltd. in Boudry, the shareholders approved all proposals made by the Board of Directors. The Meeting approved the appropriation of retained earnings, discharged the members of the Board of Directors and Group Management from liability in relation to financial year 2014, and authorized the proposed changes to the Articles of Incorporation. The Meeting also approved the proposal to distribute CHF 0.36 per registered share from the capital contribution reserve.

Changes to the Articles of Incorporation in response to the Minder Initiative
In order to implement the Ordinance on the Minder Initiative, various provisions of the Articles of Incorporation have been amended, removed or supplemented (including the requirement to approve the remuneration of the Board of Directors and of the members of Group Management).

Proposal for the total remuneration of the Board of Directors and Group Management
The proposal for the total remuneration of the Board of Directors for the next term of office as well as the proposal for the fixed remuneration and performance-related remuneration components for Group Management for the next financial year were approved, as was the Remuneration Report 2014.

Heinrich J. Essing appointed new Chairman of the Board of Directors
The term of office of the outgoing Chairman of the Board of Directors, Antoine Kohler, ended with the Shareholders’ Meeting of April 23, 2015. The existing Vice Chairman, Heinrich J. Essing, was proposed as his successor, and this proposal was approved.

Erich Haefeli appointed to the Board of Directors
As announced in advance, Hans Knöpfel did not stand for re-election to the Board of Directors. Erich Haefeli (born 1950, a Swiss citizen) was newly elected to the Board of Directors for a term of one year.

All other members of the Board of Directors and the members of Remuneration Committee were elected for a term of one year. The Shareholders’ Meeting also appointed the lawyer Pascal Moesch (Athemis, Rue Jaquet-Droz 32, 2300 La Chaux-de-Fonds) to serve as the independent shareholder representative. KPMG, Zurich, was appointed as auditor for a further one-year term.

Contact:
Heinrich J. Essing
Chairman of the Board of Directors
Tel. +41 43 811 44 05
E-mail: media@cicor.com

Patric Schoch
Acting CEO/CFO
Tel. +41 43 811 44 05
E-mail: media@remove-this-text.cicor.com

Cicor Management AG
Leutschenbachstrasse 95
8050 Zurich
Switzerland