Appropriation of retained earnings
The board of directors proposes that the annual general meeting approve the distribution of an ordinary dividend of CHF 5.00 plus a special dividend of CHF 3.00 per registered share from capital reserves and the carryforward of the retained earnings to the new account.
Dividend distribution from capital reserves:
|
Capital reserves carried forward |
CHF |
69,778,461 |
|
|
|
|
|
Dividend on share capital of CHF 7.4 million 1) |
CHF |
36,954,840 |
|
Special dividend on share capital of CHF 7.4 million 1) |
CHF |
22,172,904 |
|
Total dividend on share capital of CHF 7.4 million |
CHF |
59,127,744 |
|
|
|
|
|
Capital reserves carried forward to the next year |
CHF |
10,650,717 |
1) Qualifies 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.
Earnings carryforward
|
Net earnings for the year 2023 |
CHF |
333,025,487 |
|
Retained earnings carried forward |
CHF |
143,225,412 |
|
Retained earnings |
CHF |
476,250,899 |
|
|
|
|
|
Amount carried to other reserves |
CHF |
- |
|
Balance carried forward |
CHF |
476,250,899 |
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 22 May 2024.
Poschiavo, 4 April 2024
For the Board of Directors:
Dr Monika Krüsi
Chair of the board of directors