Board’s recommendation to shareholders

Recom­men­dation on the appro­priation of available earnings and reserves

Movements in earnings available

in CHF thousand

2020

2019

Balance brought forward from prior year

52 553

20 173

Appropriation of reserves available for distribution by resolution of the General Meeting

To legal retained earnings

0

0

To voluntary retained earnings

– 52 553

– 20 173

Distribution to shareholders

0

– 10 798

Profit

14 335

52 553

Release from capital contribution reserve

0

10 798

Earnings available at end of year

14 335

52 553

Board’s recommendation to shareholders on the appropriation of available earnings and reserves

in CHF thousand

2020 Board recommendation

2019 General Meeting resolution

Earnings available

14 335

52 553

Release from capital contribution reserve

4 200

0

Distribution to shareholders

– 10 800

0

Transfer to voluntary retained earnings

– 7 735

– 52 553

Balance of earnings to be carried forward

0

0

Distribution proposal

The Board of Directors will propose to the Ordinary General Meeting of 18 March 2021 that a distribution be awarded to shareholders of CHF 1.80 per share. Of this amount, CHF 1.10 per share will derive from current earnings available and CHF 0.70 per share from the capital contribution reserve.

For the 2019 financial year, the Ordinary General Meeting resolved that the nominal value of the CPH Chemie + Papier Holding AG registered share be reduced by CHF 1.80 from CHF 2.00 to CHF 0.20, and that the CHF 1.80-per-share reduction amount (total CHF 10.8 million) be repaid to shareholders.

Download financial statements of CPH Chemie + Papier Holding AG as pdf