Cicor Technologies Ltd. – Shareholders approve all proposals

Wed, 20 Apr 2016

Zurich, April 20, 2016 – Cicor (SIX Swiss Exchange: CICN). At the Annual Shareholders’ Meeting of Cicor Technologies Ltd. on April 19, 2016, the shareholders approved all proposals.

At the Annual Shareholders' Meeting of Cicor Technologies Ltd. in Boudry, the shareholders approved all proposals by the Board of Directors. The Meeting approved the 2015 annual report, annual financial statements, consolidated financial statements and appropriation of the balance sheet loss; it also granted discharge to the members of the board of directors and management for the 2015 financial year. In addition, the Board of Directors' total remuneration for the next term of office and the approval of the fixed and variable remuneration elements for management were endorsed for the following fi-nancial year.

The Board of Directors were authorised to increase the share capital by a maximum of CHF 6,000,000.00 by issuing a maximum of 600,000 registered shares each with a nominal value of CHF 10.00.

All members of the Board of Directors and remuneration committee were re-elected. In addition, the independent voting proxy, the lawyer Pascal Moesch (Athemis, Rue Jaquet-Droz 32, 2300 La Chaux-de-Fonds) and the auditing department of KPMG AG, Zürich, were appointed by the Annual Shareholders' Meeting.

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


Dr. Jürg Dübendorfer
CEO
Tel. +41 43 811 44 05
E-mail: media@cicor.com