Board of Directors’ proposal for the appropriation of retained earnings

01 2019 retained earnings


In thousands of CHF	2019
Earnings brought forward	104,955
Net income for the year	14,044
Retained earnings available for distribution	118,999

02 Proposal for the appropriation of retained earnings

At the Annual Shareholder Meeting the Board of Directors will propose to pay a dividend of CHF 1.00 per share from retained earnings.

Provided this dividend is approved, it will result in the following movement in retained earnings:


In thousands of CHF	2019
Retained earnings at December 31, 2019	118,999
Dividend payment of CHF 1.00 per share	(7,764)
Retained earnings carried forward	111,235

Provided the proposal is approved, the dividend of CHF 1.00 per entitled share will be paid on April 29, 2020 with deduction of Swiss withholding tax.