SFS : shareholders approve all proposals at AGM

859 shareholders attended the 24th Annual General Meeting of SFS Group AG. They represented 82% of the votes. All proposals by the Board of Directors were approved by a large majority. Nick Huber and Bettina Stadler were elected to join the Board of Directors of the SFS Group.

Board Chairman Heinrich Spoerry opened the 24th Annual General Meeting (AGM) of SFS Group AG on 26 April 2017. 859 shareholders attended the AGM held at the Aegeten sports centre in Widnau (Switzerland). They represented 30'652'796 shares, which corresponds to 81.74% of the share capital.

Focus on medical device market

Heinrich Spoerry commented on the successful 2016 financial year. SFS achieved solid growth in its core business and, thanks to two acquisitions, was able to position itself attractively in the growing medical device market. In his speech, Jens Breu, CEO of the SFS Group, focused on SFS's comprehensive range of competencies and applications in the medical device market, and on important future projects. Rolf Frei, CFO of the SFS Group, gave his comments on selected financial aspects of the 2016 financial year.

All proposals were approved by a large majority

During the statutory part of the meeting, shareholders approved the management report, the financial statements and the consolidated financial statements. The compensation to members of the Board of Directors and the Group Executive Board was also approved. The shareholders released both boards, the Group Executive Board and the Board of Directors from liability for their activities.

Two new members to join the Board of Directors

Nick Huber and Bettina Stadler were elected as new members of the Board of Directors of SFS Group. They replace Ruedi Huber and Karl Stadler who both resigned their seats after many years of commitment to the successful development of SFS Group. All other members of the Board of Directors were re-elected to their previous positions, as was Heinrich Spoerry as Chairman of the Board of Directors. Likewise, the law firm bürki bolt németh in Heerbrugg was re-elected as independent proxy and PricewaterhouseCoopers AG in St. Gallen was re-elected as auditor.

Payout to shareholders

The shareholders also approved the payout of CHF 1.75 per share from capital contributions reserves. This represents an increase in payout of about 17% compared to the previous year (CHF 1.50).