Du är här

2014-05-13

Valartis Group AG : Conclusions reached at the Valartis Group AG General Meeting 2014

Valartis Group AG / Conclusions reached at the Valartis Group AG General
Meeting 2014. Processed and transmitted by NASDAQ OMX Corporate Solutions.
The issuer is solely responsible for the content of this announcement.
The 26th Ordinary General Meeting of Valartis Group AG took place on 13 May
2014 at the Renaissance Zurich Hotel in Zurich-Glattpark. 36 shareholders
participated and all motions put forward by the Board of Directors were
approved. Of the total of 5'000'000 bearer shares at a par value of CHF 1.00,
2'964'470 were represented at this year's General Meeting (59.3 percent of
capital and votes).

At the Ordinary General Meeting 2014, Valartis Group AG shareholders approved
the Group consolidated financial statement, the annual report and the annual
financial statement and endorsed the re-election of the auditor (Ernst&Young
AG, Zurich) for a period of one year and the independent proxy for voting
rights (Martin Rechtsanwälte GmbH, Stadthausstrasse 12, 8400 Winterthur) up
to conclusion of the next Ordinary General Meeting.

All motions approved
The Group consolidated financial statement for Valartis Group and the annual
report and annual financial statement for Valartis Group AG for financial
year 2013 were approved by the General Meeting by a considerable majority.
Shareholders granted discharge from liability for the members of the Board of
Directors and Executive Management each in corpore.

In addition, the General Meeting approved the motion put forward by the Board
of Directors relating to appropriation of retained earnings and resolved to
waive payment of a dividend and, instead, to carry the net earnings amounting
to CHF 22.7 million forward to the next year.

Approval of Compensation Report
In an advisory vote on compensation for members of the Board of Directors and
Executive Management, a majority of shareholders endorsed the Compensation
Report 2013 - the Compensation Report is an integral part of the report on
Corporate Governance, which is included in the Annual Report - as well as the
total compensation package for the Board of Directors for the period from the
General Meeting 2014 to the General Meeting 2015 and the total compensation
package for the Executive Management performance cycle which expired in 2013.

Approval of changes to the Articles of Association
A considerable majority percent of shareholders assented to the changes to the
Articles of Association.

Approval of re-elections and new elections to the Board of Directors
The shareholders re-elected Messrs. Urs Maurer-Lambrou, Rolf Müller-Senn,
Christoph N. Meister and Jean-François Ducrest each for a term of office up
to conclusion of the next Ordinary General Meeting - and each with a
considerable majority.

Felix Fischer was no longer available for re-election. Valartis Group would
like to thank him for his valuable work and wish him all the best for the
future.

Stephan Häberle was elected with a significant majority as new member of the
Board of Directors.

From 1980 to 1998, Stephan Häberle (54) occupied various positions at Bank
Leu, Zurich in Private Banking in Switzerland and abroad. In 1996 he was
appointed Chief of Staff and led various projects. From 1998 to 2006, Mr
Häberle worked at UBS Wealth Management International where he was in charge
of Austria and Central Europe as Regional Market Manager. In 2006, he moved
to LGT in Liechtenstein as Head of Private Banking International and member
of the Senior Management. He was also member of the management of LGT
(Switzerland). Between 2009 and 2012, he was CEO of Centrum Bank in
Liechtenstein and from 2010, Group CEO. He has been CEO of MediBank in Zug
since 2013.

Approval: Election of the Chairman of the Board of Directors
With a significant majority, the General Meeting endorsed election of Urs
Maurer-Lambrou as Chairman of the Board of Directors for a term of office up
to conclusion of the next Ordinary General Meeting.

Approval: Elections to the Compensation Committee
The General Meeting elected Messrs. Jean-François Ducrest, Christoph N.
Meister and Rolf Müller-Senn as members of the Compensation Committee, each
for a term of office up to conclusion of the next Ordinary General Meeting
with a significant majority.

Agenda

----------------------------------------------------------
|Half-year Report 26 August 2014 |
|Annual results media conference 2015 14 April 2015 |
|General Meeting 2015 12 or 13 May 2015 |
----------------------------------------------------------
For further information, please contact:
Kim-My Schefer
Head Corporate Communications&Marketing
Tel. +41 43 336 82 94
corporate.communications@valartis.ch

Valartis Group

Valartis Group is an internationally active banking and finance group
represented today with offices in Zurich, Geneva, Lugano, Vienna,
Liechtenstein, Luxembourg, Moscow, and Singapore. The Group's holding company
is domiciled in Switzerland and is listed on the SIX Swiss Exchange.

Valartis Group focuses on the wealth management business for wealthy private
clients and institutional investors in addition to traditional wealth
management and investment advisory, it develops, manages and markets
innovative niche investment products and offers specialized product packages.
In doing so, Valartis Group combines a wide range of traditional private
banking services with specialized advisory and classical banking services in
the fields of Asset Management and Private Equity together with innovative
investment products in the categories Stocks, Fixed Income, Alternative
Investments and Real Estate. Valartis Group's core markets include Central
and Eastern Europe, the Middle East and individual countries in North and
South America and Asia.
www.valartisgroup.ch

Press release (PDF)
http://hugin.info/143135/R/1785187/612011.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Valartis Group AG via Globenewswire

HUG#1785187

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.