By Giulia Petroni

Lonza Group AG on Thursday said that it will propose a dividend for 2021 that is stable on year, and also propose the re-election of Albert M. Baehny as chairman of the board of directors at this year's annual general meeting.

The Swiss life-sciences company said it will propose an unchanged dividend of three Swiss francs ($3.21) a share, which represents a payout ratio of 7.5% of the group's reported net profit. The dividend will be paid out of the capital contribution reserve and therefore will be free from Swiss withholding tax.

Lonza also said it will propose re-election of all board members except Werner Bauer and Dorothee Deuring, who have decided not to stand for re-election. Marion Helmes and Roger Nitsch will be proposed as the two new members, the company said.

The company's AGM is scheduled to take place on May 5.


Write to Giulia Petroni at giulia.petroni@wsj.com


(END) Dow Jones Newswires

03-24-22 0252ET