Zug, Switzerland, May 1, 2006--Recommendations of the board of directors were approved by a large majority at the 78th Annual General Meeting of Forbo Holding AG, held here last week.
Due to the consolidated group loss in the 2005 financial year, no dividend is being distributed.
81 shareholders took part in the Annual General Meeting of Forbo Holding AG; they represented 1,475,349 registered shares or 54.38 % of the issued share capital.
The shareholders approved all the recommendations of the board of directors by a large majority. They included an amendment to Article 1 of the articles of incorporation, moving the domicile of Forbo Holding AG from Eglisau in the canton of Zurich to Baar in the canton of Zug. Due to the consolidated group loss in the 2005 financial year, no dividend is being distributed.
Forbo is a leading producer of floor coverings, adhesives and beltings. The company employs some 5 500 people and has an international network of 31 production companies and 46 sales organisations in a total of 32 countries. The company's head office is in Baar near Zug/Switzerland. In 2005, the Group achieved sales of CHF 1,702.0 million.
