At Hügli Holding AG’s Annual General Meeting held in Arbon today, the shareholders approved all proposals of the Board of Directors with a large majority. The representatives of the majority shareholder Bell Food Group are new members of the Board of Dire

The shareholders approved the financial report, the financial statements and the consolidated financial statements 2017 and, in an advisory vote, the remuneration report for 2017.

All members of the Board of Directors and of the Group Executive Management were granted discharge for their function in the financial year 2017. In addition all Board members were individually re-elected to the Board of Directors until the public tender offer of Bell Food Group AG is completed (presumably on 25 May 2018). As new members of the Board of Directors after the completion of the public tender offer, the representatives of Bell Food Group, Hansueli Loosli and Lorenz Wyss, were elected by a large majority. Marco Tschanz was elected to the Board of Directors with immediate effect and as Chairman of the Board of Directors after the completion of the public tender offer.

The statutory auditor OBT AG, St. Gallen, as well as the independent proxy, the lawyer Andreas G. Keller, were also re-elected.

The maximum total compensations to the Board of Directors until the next AGM 2019 and the Group Executive Management for the financial year 2019 were also approved with a large majority.

For further information:

Andreas Seibold, CFO, Tel. +41 71 447 22 50, andreas.seibold@huegli.com