Annual General Meeting approves all proposals | 10.10.24

Rümlang, October 10, 2024 – During the annual general meeting of Dormakaba Holding AG today, the shareholders approved all proposals of the board of directors. 241 shareholders were present in person. A total of 2,883,737 registered voting shares were represented, corresponding to 68.6% of the share capital registered in the trade register.

The shareholders approved all proposals of the Board of Directors by a large majority, including the payment of a dividend of CHF 8.00 per share. This corresponds to a payout ratio of 51.1%. The dividend will be paid mainly from the available profit and, to a lesser extent, from the capital contribution reserves. Payment is expected to begin on October 16, 2024.

The General Meeting also approved all proposed re-elections of the Board of Directors, each for a term of one year. While John Y. Liu withdrew from the Board of Directors, Marianne Janik and Ilias Läber were elected as new independent members.

In addition, the General Meeting approved the Group Management Report, the Annual Accounts and the Consolidated Annual Accounts, as well as, for the first time, the Report on Non-Financial Matters (part of the Sustainability Report) for the financial year. 2023/24.

The shareholders also approved the 2023/24 remuneration report in an advisory vote. The proposed maximum amount for the remuneration of the Board of Directors until the 2025 General Meeting and the proposed maximum amount for the remuneration of the Group Management for the 2025/26 financial year were also approved.

In addition, the annual general meeting re-elected PricewaterhouseCoopers AG as auditors and the law firm Keller AG as independent trustee for a new one-year term.

More details about the 2024 Annual General Meeting can be found at www.dk.world/AGM.

General disclaimer

This release contains certain forward-looking statements, including, but not limited to, statements that use the words “believes,” “assumes,” “expects” or similar expressions. Such forward-looking statements reflect the Company’s current judgment, involve risks and uncertainties and are made based on assumptions and expectations that the Company currently believes to be reasonable, but which may prove to be incorrect. Undue reliance should not be placed on such statements because by their nature they involve known and unknown risks, uncertainties and other factors beyond the control of the company and the Group that could cause actual future results to differ materially the financial results and the situation, development or performance of the company or the Group and those expressed or implied in such statements. Unless required by applicable law or regulation, the Company assumes no obligation to continue to report, update or otherwise review such forward-looking statements or to update them to reflect new information, or future events or developments.
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