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Results of the Ordinary General Meeting of Lalique Group
Zurich, 24 May 2019 - The shareholders of Lalique Group (SIX: LLQ) approved all proposals put forward by the Board of Directors at today's Ordinary General Meeting.
At its Ordinary General Meeting on 24 May 2019 in Zurich, the shareholders of Lalique Group SA approved the company's business report, consolidated financial statements and statutory financial statements for the 2018 financial year. The dividend of CHF 0.50 per share proposed by the Board of Directors, unchanged from the previous year, was also approved by the General Meeting. The dividend will be exempt from withholding tax and will be paid to shareholders from the capital contribution reserve on 31 May 2019 (ex-dividend date: 28 May 2019).
All previous members of the Board of Directors - Silvio Denz (Chairman), Roland Weber, Roger von der Weid, Claudio Denz, Jan Kollros and Marcel Roesti - were re-elected for a further term of office of one year. Silvio Denz and Roland Weber were confirmed as members of the Remuneration Committee.
In addition, the shareholders approved the proposed creation of authorized capital up to a maximum nominal amount of CHF 240,000. Accordingly, the Board of Directors is authorized to increase the share capital at any time until 24 May 2021 by issuance of a maximum of 1,200,000 registered shares with a par value of CHF 0.20 each, to be fully paid up.
Planned capital increase with subscription rights for shareholders
As previously announced, Lalique Group is planning a capital increase by way of a rights issue in the course of 2019 to refinance parts of the shareholder loan granted by Silvio Denz for the recent acquisition of 50% of The Glenturret and to finance other investments and growth initiatives. The existing shareholders will be granted subscription rights. To increase the free float, Silvio Denz intends not to exercise his subscription rights. The timeline and parameters of the planned rights issue have not yet been defined; the Lead Manager is Zürcher Kantonalbank.
Lalique Group SA
Senior Communication & PR Manager
Phone: +41 43 499 45 58
Email: [email protected]
Lalique Group is a niche player in the creation, development, marketing and global distribution of luxury goods. Its business areas comprise perfumes, cosmetics, crystal, jewellery, high-end furniture and living accessories, along with art, gastronomy and hospitality as well as single malt whisky. Founded in 2000, the company employs approx. 720 staff and has its headquarters in Zurich. The Lalique brand, from which the Group derives its name, was created in Paris in 1888 by the master glassmaker and jewellery designer René Lalique. The registered shares of Lalique Group SA (LLQ) are listed on the SIX Swiss Exchange.
You can find further information at www.lalique-group.com.
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This communication does not constitute an "offer of securities to the public" within the meaning of Directive 2003/71/EC of the European Union (the "Prospectus Directive") of the securities referred to in it (the "Securities") in any member state of the European Economic Area (the "EEA"). Any offers of the Securities to persons in the EEA (if any) will be made pursuant to an exemption under the Prospectus Directive, as implemented in member states of the EEA, from the requirement to produce a prospectus for offers of the Securities.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to US persons (as such term is defined in Regulation S under the Securities Act) unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. Lalique Group SA has not registered, and does not intend to register, any of its shares in the United States, and does not intend to conduct a public offering of securities in the United States.
This publication constitutes neither an offer to sell nor a solicitation to buy securities of Lalique Group SA and it does not constitute a prospectus or a similar notice within the meaning of article 652a, article 752 and/or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Any offering and/or listing of securities will be made solely by means of, and on the basis of, a securities prospectus which is to be published. An investment decision regarding any publicly offered securities of Lalique Group SA should only be made on the basis of a securities prospectus. If the rights issue proceeds with a resolution to increase the capital on or promptly after the next ordinary shareholders meeting, the securities prospectus is expected to be published after the meeting and will be available free of charge at Lalique Group.
This communication is not for distribution in the United States, Canada, Australia or Japan. This communication does not constitute an offer to sell, or the solicitation of an offer to buy, securities in any jurisdiction in which is unlawful to do so.