BCV's Annual Shareholders' Meeting was held today at the Palais de Beaulieu in Lausanne, Switzerland. The meeting was attended by 838 shareholders, representing 79.73% of the Group's capital. All items on the agenda were adopted.
Shareholders approved the 2011 consolidated financial statements, which show a CHF 301m net profit, and ratified the actions of the Board of Directors and the Executive Board for the 2011 financial year. They accepted the Board's proposal to pay an ordinary dividend of CHF 22 per share and make a special distribution of CHF 10 per share out of paid-in reserves. BCV will thus return a total of CHF 275m to its shareholders.
In addition, shareholders renewed the term of office of the Bank's auditor, PricewaterhouseCoopers, for the 2012 financial year.
Finally, the Board’s motion to reappoint Pierre Lamunière for a further statutory four-year term of office was also approved.
Lausanne, Switzerland, 3 May 2012
Christian Jacot-Descombes, Press Officer
Phone +41 79 816 99 30
Gregory Duong, Investor Relations Officer
Phone + 41 21 212 20 71
This press release is being issued outside the trading hours of the SIX, Swiss Exchange in order to comply with the principles of ad hoc disclosure pursuant to the SIX listing rules.
The above text is a translation of the original French document; only the French version is authoritative.