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Metall Zug Group: General meeting of shareholders approves all proposals

·3-min read

Metall Zug AG / Key word(s): AGMEGM/Dividend

30-Apr-2021 / 17:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Zug, 30 April 2021 - At the 134th ordinary general meeting of shareholders of Metall Zug AG, the shareholders approved all the proposals of the Board of Directors. Shareholders will receive a cash dividend of CHF 1.70 per registered share of type A and CHF 17.00 per registered share of type B.

Due to the COVID-19 measures, shareholders were again unable to attend the 134th ordinary general meeting of Metall Zug AG in person and were able to exercise their rights exclusively through the independent voting representative. A total of 1'269 shareholders, representing 79.66% of the share capital and 92.64% of the votes, made use of this option and approved all proposals of the Board of Directors.


The general meeting of shareholders approved the annual report and the annual and consolidated financial statements 2020 as well as - on the basis of a consultative vote - the compensation report. The shareholders further approved the appropriation of available earnings in 2020 as follows: distribution of a cash dividend of CHF 1.70 (gross) per registered share of type A and CHF 17.00 (gross) per registered share of type B. The total value of the cash dividend - treasury shares are excluded - thus presumably amounts to CHF 7'620'590. CHF 45'563'427 will be carried forward to the new account. The cash dividend will be paid on May 6, 2021.


The existing members of the Board of Directors Martin Wipfli, Dominik Berchtold, Heinz M. Buhofer, Sandra Emme, Claudia Pletscher and Peter Terwiesch were re-elected for a further term of office of one year. Martin Wipfli was confirmed as Chairman of the Board of Directors.


Furthermore, the general meeting of shareholders approved by a large majority the remuneration for the members of the Board of Directors until the next ordinary general meeting of shareholders and the fixed compensation for Senior Management for the year 2022, both prospectively. The general meeting of shareholders also retrospectively approved the variable compensation of the Senior Management for the year 2020 by a large majority.


The next ordinary general meeting of Metall Zug AG will presumably take place on Friday, April 29, 2022, in Zug.

About the Metall Zug Group

Metall Zug is a group of industrial companies headquartered in Zug. The Group has around 3,000 employees and comprises five Business Units:

The holding company Metall Zug AG is listed in the Swiss Reporting Standard of SIX Swiss Exchange in Zurich (type B registered shares: securities number 3982108, ticker symbol METN).

Legal Notes

Any expectations expressed in this press release are based on assumptions. Actual results may vary from those anticipated. This press release is published in German and English. The German version is binding. Metall Zug Ltd processes personal data in accordance with its privacy statement available under: https://www.metallzug.ch/en/datenschutzerklaerung.

Key dates

May 6, 2021 Payout Cash dividend
August 16, 2021 Half-Year Results 2021
March 15, 2022 Results 2021
April 29, 2022 Ordinary General Meeting of Shareholders

Further information

Daniel Keist
Chief Financial Officer
Phone: +41 58 768 60 50

Christof Gassner
Head of Corporate Communications & IR
Phone: +41 58 767 60 50

or: investorrelations@metallzug.ch

The press release is available at https://www.metallzug.ch/en/medien/medienmitteilungen.


End of ad hoc announcement

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