Stable dividend – Roger Harlacher elected to the Board of Directors

Stable dividend – Roger Harlacher elected to the Board of Directors

Shareholders passed all motions with a large majority at the Annual General Meeting of Valiant Holding AG on 19 May 2021. The dividend is unchanged at CHF 5 per share. Roger Harlacher was elected as a new member of the Board of Directors.
19/05/2021, 
Medienmitteilung

At the Annual General Meeting of Valiant Holding AG, shareholders voted for a stable dividend, which is unchanged at CHF 5 per share. The payout ratio stands at 65%, which is within the target range of 50–70% set by the Board of Directors. A total of CHF 78.9 million will be paid out to shareholders. Valiant has a strong capital base that exceeds the minimum capital requirements of the Swiss Financial Market Supervisory Authority by a significant margin.

Change in the composition of the Board of DirectorsFranziska von Weissenfluh, who had been a member of the Board of Directors since 2011, did not stand for re-election. The Board of Directors wishes to thank her for her many years of valuable service to the bank. She has made a major contribution to Valiant’s successful development.
The Annual General Meeting elected Roger Harlacher as a new member of the Board of Directors. Aged 55 and with a degree in business administration, he has many years of management experience. Mr Harlacher has been with Zweifel Pomy-Chips AG for 25 years and was CEO of the company from 2015 until June 2020, before joining the company’s Board of Directors. In addition, he holds a number of positions on communications and advertising industry committees, including as Chairman of the Association of Swiss Advertisers, and on the boards of directors of various SMEs.

Commitment to Valiant
Due to the coronavirus pandemic, the 24th Annual General Meeting was live-streamed online without shareholders in physical attendance. 51.8% of the votes were cast by the independent proxy. This high proportion reflects shareholders’ commitment to Valiant.

 

The voting results and further information on Valiant’s Annual General Meeting can be found here: valiant.ch/gv.

Contact for analysts and investors: 
Joachim Matha, Head of Investor Relations, +41 (0)31 310 77 44, ir@valiant.ch

Contact for the media:
Simon Bickel, Media Spokesperson, +41 (0)31 320 96 18, medien@valiant.ch