Cembra Money Bank shareholders approve all motions of the Board of Directors

Zurich - The Annual General Meeting 2017 of Cembra Money Bank AG was held today in Zurich under the chairmanship of Felix Weber. 252 shareholders (including proxies) attended the meeting, representing 15,941,789 registered shares and 53.14 % of the issued share capital, respectively.

All current members of the Board of Directors were re-elected for a further one-year term of office: Felix Weber (Chairman), Peter Athanas, Urs Baumann, Denis Hall, Katrina Machin, Monica Mächler and Ben Tellings.

Shareholders approved an ordinary dividend of CHF 3.45 per share. As the ordinary dividend will be paid out of statutory capital contribution reserves, it will be exempt from Swiss withholding tax. Shareholders also approved the payment of an extraordinary dividend per share of CHF 1.00 to return excess capital. This extraordinary dividend will be paid from distributable profit and is subject to 35 % Swiss withholding tax. The total dividend of CHF 4.45 per share will be paid starting 3 May 2017.

The Annual General Meeting also voted in favour of all other agenda items including the consultative vote on the Compensation Report 2016, the Annual Report 2016 and amendments to the articles of associations. KPMG was re-elected as the independent auditor and Andreas G. Keller as the independent proxy.