Bâloise Holding AG (0QQ3.IL)
| Previous close | 139.65 |
| Open | 139.90 |
| Bid | 138.80 x N/A |
| Ask | 145.90 x N/A |
| Day's range | 139.38 - 143.20 |
| 52-week range | 126.00 - 149.80 |
| Volume | |
| Avg. volume | 28,152 |
| Market cap | 6.687B |
| Beta (5Y monthly) | 0.92 |
| PE ratio (TTM) | 12.07 |
| EPS (TTM) | 11.79 |
| Earnings date | N/A |
| Forward dividend & yield | 7.40 (5.78%) |
| Ex-dividend date | 03 May 2023 |
| 1y target est | N/A |
- Reuters
Baloise shareholders vote to scrap 2% voting ceiling
BASEL, Switzerland (Reuters) -Baloise shareholders voted to scrap a 2% ceiling on voting rights on Friday, opening the Swiss insurer up to future takeovers and dealing a blow to its board, which had opposed the move. The proposal, which needed a three-quarter majority to pass, received 78.2% of shareholder votes at Baloise's annual general meeting in the northern Swiss city of Basel. Shareholders at present have no more than 2% of votes, irrespective of the size of their stake, meaning that major investors like BlackRock and UBS cannot fully bring their weight to bear on decision-making.
- Reuters
Baloise investor gaining support in campaign to lift voting cap
Baloise investor zCapital has won broad support for its campaign to change the voting regulations at the Swiss insurer, the asset manager said on Tuesday. zCapital, which owns a 0.7% stake in Baloise, wants to abolish a 2% ceiling on voting rights, arguing it would make the insurer more attractive to investors. The proposed reform is the latest attempt to overhaul corporate governance at Swiss companies that are often protected from shareholder pressure by complex share structures, voting rules and large family holdings.
- Reuters
Second proxy adviser backs plan to change Baloise voting rights
A shareholder push to change the statutes of Swiss insurer Baloise has gathered more support as proxy adviser Institutional Shareholder Services (ISS) threw its weight behind the plan after its peer Glass Lewis also backed the initiative. Baloise investor zCapital is seeking to change rules that set a 2% ceiling on voting rights at the firm, arguing the amendment would make the Swiss group more attractive. In a report seen by Reuters on Tuesday, ISS said it backed the principle of "one share, one vote," after Glass Lewis said a day earlier it was supporting the zCapital proposal.
