LEM HOLDING SA PRESS RELEASE
LEM's shareholders approve all resolutions proposed by LEM's Board of Directors
Fribourg, 29 June 2017 - LEM (SIX: LEHN), the market leader in providing innovative and high quality solutions for measuring electrical parameters, announces the results of the Annual General Meeting of Shareholders that took place today in Fribourg. A strong majority of LEM shareholders followed the Board of Directors' recommendations. The dividend of CHF 35.00 per share will be paid out on 6 July 2017.
At today's Annual General Meeting 38 shareholders personally attended. In total 912'286 shares representing 80.0% of the share capital cast their vote.
LEM's shareholders approved the management report, the consolidated financial statements of the LEM Group and the annual financial statements of LEM HOLDING SA as at 31 March 2017, as well as the dividend proposal of CHF 35.00 per share. Shareholders granted discharge to the Board of Directors and the Executive Management.
All five members of the Board of Directors standing for another term of office, Ilan Cohen, Norbert Hess, Ulrich Jakob Looser, Ueli Wampfler and Andreas Hürlimann, were re-elected. Dr. iur Werner C. Weber was elected as a new member of the Board of Directors for a term of office of one year. Andreas Hürlimann was re-elected as Chairman of the Board. In addition, shareholders elected Norbert Hess, Andreas Hürlimann and Ulrich Jakob Looser to the Compensation Committee. Ulrich Jakob Looser will chair the Committee.
The shareholders strongly supported all other motions proposed by the Board of Directors, including among others the consultative approval of the compensation report as well as compensations for the Board of Directors and the Executive Management.
The minutes of the shareholders' meeting will be published on LEM's website www.lem.com>Investor Relations Financial calendar The financial year runs from 1 April to 31 March 4 July 2017 6 July 2017 3 August 2017 9 November 2017 8 February 2018 23 May 2018 28 June 2018 3 July 2018 5 July 2018 Dividend ex-date Dividend payment date First quarter results 2017/18 Half-year results 2017/18 Third quarter results 2017/18 Year-end results 2017/18 Annual General Meeting of Shareholders for the year 2017/18 Dividend ex-date Dividend payment date LEM - At the heart of power electronics LEM is the market leader in providing innovative and high quality solutions for measuring electrical parameters. Its core products - current and voltage transducers - are used in a broad range of applications in drives & welding, renewable energies & power supplies, traction, high precision, conventional and green cars businesses. LEM's strategy is to exploit the intrinsic strengths of its core business, and to develop opportunities in existing and new markets with new applications. LEM is a mid-size, global company with approximately 1'400 employees worldwide. It has production plants in Beijing (China), Geneva (Switzerland), Sofia (Bulgaria) and Tokyo (Japan). With regional sales offices near its customers' locations, the company is able to offer a seamless service around the globe. LEM has been listed on the SIX Swiss Exchange since 1986; the company's ticker symbol is LEHN. www.lem.com For further information please contact Andrea Borla Phone: +41 22 706 1250 Email: investor@lem.com
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