Distribution of balance sheet profit

The Board of Directors proposes to the General Meeting of Shareholders on 8 May 2020 that the balance sheet profit as at 31 December 2019 be distributed as follows:

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in CHF thousands

 

2019

 

2018

*

Shares eligible for dividends are all shares outstanding except for own shares as of record date. The amounts presented are based on the numbers of shares eligible for dividends as at 31 December 2019.

Profit for the year

 

69'611

 

74'295

Balance brought forward

 

4'858

 

4'872

Balance sheet profit

 

74'470

 

79'167

 

 

 

 

 

Distribution of balance sheet profit

 

 

 

 

Allocation to other reserves

 

3'000

 

10'000

Allocation to corporate capital (common stock) *

 

66'959

 

64'309

Balance carried forward *

 

4'511

 

4'858

If this proposal is accepted, a dividend of net CHF 2.20 per registered share will be paid out on 14 May 2020.