Eglisau/Zurich, Switzerland, Apr. 27--At the 75th ordinary Annual General Meeting in Zurich on April 27, the shareholders of Forbo Holding SA approved with a large majority all of the proposals put forward by the Board of Directors.
They voted in favor of a cash distribution of CHF 8 per registered share by way of a nominal value reduction. Approximately 200 shareholders took part in the Annual General Meeting.
The shareholders voted in favor of a cash distribution of CHF 8 per registered share by way of a nominal value reduction of each registered share by CHF 8 to CHF 20 per registered share. The company wants to both underline the continuity of its distribution policy and to offer the Forbo shareholders a tax favorable form of payment. The yield of the Forbo share on the basis of the current market value is approximately two percent.
Board member Michael Pieper was re-elected for another term of four years. E. Schneider was newly elected to the Board of Directors.
