Zug Estates Holding AG Shareholders Approve All Board Proposals at General Meeting

The 12th General Meeting of Shareholders of Zug Estates Holding Ltd, hosted on 9th April 2024 at the Theater Casino Zug, saw a significant turnout with 214 shareholders in attendance, representing 80.2% of the voting share capital. The shareholders unanimously approved all proposals put forth by the Board of Directors.

During the meeting, a decision was made to distribute a total of CHF 22.4 million to shareholders for the fiscal year of 2023. The approved dividend distribution equates to a gross dividend of CHF 4.40 per series A registered share and CHF 44.00 per series B registered share, with the net dividend after withholding tax standing at CHF 2.86 and CHF 28.60, respectively. The dividend payment is scheduled for 15th April 2024.

All Board of Directors members seeking re-election received approval for another one-year term, including Beat Schwab as Chairman. The shareholders also endorsed Johannes Stöckli and Annelies Häcki Buhofer for the Nomination and Compensation Committee and validated the remuneration report in a consultative vote. Additionally, KPMG Ltd, Zug, was elected as the auditor for the 2024 financial year.

Looking ahead, Zug Estates Holding Ltd has announced that the 13th General Meeting of Shareholders is set for 10th April 2025. Among the key future dates mentioned are the distribution to shareholders on 15th April 2024 and the publication of the 2024 half-year report on 22nd August 2024.