At today's 32nd Annual General Meeting, Arbonia AG shareholders approved the management report, financial statement and consolidated financial statement for 2018 and granted the members of the Board of Directors and those of Group Management formal discharge for the past financial year. The consultative vote on the compensation report for the financial year 2018 and the retrospective vote on the total compensation of the members of the Board of Directors for the 2018/2019 year of office and the members of Group Management for the financial year 2018 were also passed.
The seven members of the Board of Directors standing for re-election, Alexander von Witzleben, Peter Barandun, Peter E. Bodmer, Heinz Haller, Markus Oppliger, Michael Pieper and Thomas Lozser, were confirmed in office and re-elected for a further one-year term. Alexander von Witzleben was also re-elected Chairman. The election of Dr Carsten Voigtländer as a new member of the Board of Directors was also approved.
The continued strengthening of the financial base over recent years also means that it was able to offer shareholders a dividend free of withholding tax for the 2018 financial year for the first time since the 2013 financial year. This motion was also approved.