LEM HOLDING SA / Key word(s): Miscellaneous
Geneva, Switzerland, 25 June 2021 - LEM (SIX: LEHN), a leading global company in electrical measurement for industry and automotive applications, announces that all resolutions were approved by shareholders at yesterday's Annual General Meeting held at LEM headquarters in Geneva. The gross dividend of CHF 42.00 per share will be paid on 6 July 2021.
Based on Article 27 of the Ordinance 3 of the Swiss Federal Council of 19 June 2020 on Measures to Combat the Coronavirus, the Board of Directors held the Annual General Meeting without the attendance of shareholders. Consequently, shareholders had to exercise their voting rights by instructing the Independent Representative.
Shareholders owning a total of 906,121 shares, representing 79.48% of the share capital, cast their vote. A strong majority followed the Board of Directors' recommendations and approved all the resolutions, the main ones being:
The minutes of the AGM will be published on LEM's website as soon as they are available.
Andreas Hürlimann, Chairman, said: 'At LEM we cope with the ongoing pandemic better than we could have foreseen. The company benefits from the global diversity of its business across sectors and regions, with recognized heritage and market leadership, a steady flow of orders, robust margins, a strong balance sheet and healthy cash flow. Our fundamental business drivers and the mega trends of energy efficiency, mobility and automation, in combination with our long-term strategy, will create sustainable value for all stakeholders.
On behalf of the entire Board of Directors and the Executive Management, I thank shareholders for the confidence they have placed in us. Special thanks go to our employees worldwide for their expertise, reliability and innovative solutions. We are very proud of how our teams have responded to the Covid-19 pandemic, using their resilience and agility to keep delivering products and projects on time. I would also like to extend our gratitude to our customers, suppliers and business partners for their continued trust and wish you all good health.'
The financial year runs from 1 April to 31 March
LEM - Life Energy Motion
A leading company in electrical measurement, LEM engineers the best solutions for energy and mobility, ensuring that our customers' systems are optimized, reliable and safe.
Our 1,500 people in over 15 countries transform technology potential into powerful answers. We develop and recruit the best global talent, working at the forefront of mega trends such as renewable energy, mobility, automation and digitization.
With innovative electrical solutions, we are helping our customers and society accelerate the transition to a sustainable future.
Listed on the SIX Swiss Exchange since 1986, the company's ticker symbol is LEHN.
Contact: Investment community
Andrea Borla, Chief Financial Officer
Phone: +41 22 706 1250
Cabinet Privé de Conseils s.a. (CPC)
Nick Miles, firstname.lastname@example.org, mobile +41 79 678 76 26
Michael Füglister, email@example.com, mobile +41 78 839 07 62
If you do not wish to receive further media releases from LEM, you can unsubscribe at any time by clicking on the following link: One-click-delete
If the email looks unformatted, please use this alternative link.
End of ad hoc announcement
LEM HOLDING SA
CHEMIN DES AULX 8
+41 (0)22 706 11 11
+41 (0)22 794 94 78
SIX Swiss Exchange
EQS News ID:
End of Announcement
EQS Group News Service