The board of directors proposes the following appropriation of retained earnings to the annual general meeting:
The board of directors further moves that the annual general meeting approve a dividend of CHF 2.50 per registered share, to be paid from capital reserves:
No payment will be made on registered shares held by Repower AG on the due date. This may reduce the actual distribution accordingly.
Provided the annual general meeting passes this motion, the dividend paid from capital reserves will be due on 27 May 2020.
Poschiavo, 2 April 2020
For the Board of Directors: