Board’s recommendation to shareholders
Recommendation on the appropriation of available earnings and reserves
Movements in earnings available
Board’s recommendation to shareholders on the appropriation of available earnings and reserves
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.