Züblin Immobilien Holding AG: AGM approves all proposals of the Board of Directors

On occasion of yesterday's 28th Annual General Meeting 58.7% of Züblin's share capital was represented by shareholders attending the meeting who have voted in favor of all motions proposed by the Board of Directors. The accounts for 2016/17 were approved and discharge was granted to the Board as well as to Group Management. Further, shareholders elected all Board Members having stood for re-election for another one-year term of office; Dr. Iosif Bakaleynik has been confirmed as Chairman. The members of the Nomination and Compensation Committee (NCC), Dr. Iosif Bakaleynik, Dr. Wolfgang Zürcher and Dr. Markus Wesnitzer, were elected for another one-year term. The annual shareholders meeting has further approved the prolongation of authorized capital until 20 June 2019 in the amount of CHF 37'327'792.50 and the corresponding changes of the articles of association, authorizing the Board of Directors to increase the authorized capital by issuing a maximum of 1'659'013 fully paid-up registered shares with a nominal value of CHF 22.50 during this period. The shareholders also approved the compensation of both the Board of Directors and Group Management.