Profit for 2012 | CHF | 21,106,575 |
Retained earnings carried forward1) | CHF | 10,540,347 |
Retained earnings | CHF | 31,646,922 |
Allocation to other reserves | CHF | -20,000,000 |
Balance carried forward | CHF | 11,646,922 |
Furthermore, the Board of Directors proposes to the Annual General Meeting a dividend of CHF 2.50 per share or participation certificate, to be paid from capital reserves: | ||
Capital reserves carried forward | 35,153,066 | |
Dividend on share capital of CHF 2.8 million2) | -6,957,788 | |
Dividend on participation capital of CHF 0.6 million2) | -1,562,500 | |
Capital reserves carried forward to new account | CHF | 26,632,778 |
Dividend per share/participation certificate, gross | CHF | 2.50 |
./. 35% withholding tax | CHF | - |
Net payment | CHF | 2.50 |
1)No dividend was paid on the 12,156 shares and 4,107 participation certificates held by Repower AG on the payout date, thereby increasing retained earnings forward by CHF 81,315.
2)Qualified as tax-neutral repayment of capital in accordance with Art. 20 of the Federal Law on Direct Federal Tax, and Art. 5 of the Federal Law on Withholding Tax.
No dividend is paid on shares or participation certificates held by Repower AG on the payout date. This can reduce the actual dividend payout accordingly.
Subject to the approval of the Annual General Meeting, the dividend will be paid from capital reserves starting on 23 May 2013 on presentation of coupon No. 10 for a share with a par value of CHF 1.00 or coupon No. 10 for a participation certificate with a par value of CHF 1.00.
Poschiavo, 27 March 2013
For the Board of Directors:
Dr Eduard Rikli
Chairman of the Board of Directors