Kuoni shareholders elect new Members of the Board of Directors and approve amendments to the Articles of Incorporation

  • Ulf Berg, Michael Bauer and Thomas Geiser elected as new Board Members - Ulf Berg new Chairman of the Board of Directors
  • All amendments to Articles of Incorporation approved - Shareholder registration limitations and voting right limitations removed
  • Public tender offer expected to complete on 19 May 2016

At today's Extraordinary General Meeting, the shareholders of Kuoni Travel Holding Ltd elected the new Members of the Board of Directors, which now consists of three people.

Ulf Berg and Michael Bauer were elected to the Board of Directors as representatives of EQT and Thomas Geiser as representative of the Kuoni and Hugentobler Foundation. Ulf Berg was elected as the new Chairman of the Board of Directors. Ulf Berg and Michael Bauer were also elected as members of the Compensation Committee. The newly elected Members of the Board of Directors will assume office as of the date of the settlement of the public tender offer, which is expected on 19 May 2016.

The shareholders further approved all the proposed amendments to the Articles of Incorporation, and in particular the removal of the shareholder registration limitations and voting right limitations. The amendments to the Articles of Incorporation are conditional on the success of the public tender offer and will be effective with registration in the commercial register of the canton of Zurich prior to the settlement date of the public tender offer.

All approvals from merger control authorities relevant for the settlement of the public tender offer have been received.

The detailed results of the meeting can be found online at: https://kuoni.com/annual-general-meeting-2/


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