Board of Directors’ proposal for the appropriation of retained earnings
01 Retained earnings in 2020
|
|
|
|
In thousands of CHF |
2020 |
|
Earnings brought forward |
111,235 |
|
Net income for the year |
12,522 |
|
Retained earnings available for distribution |
123,757 |
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 1.30 per share from retained earnings.
Provided this dividend is approved, it will result in the following movement in retained earnings:
|
|
|
|
In thousands of CHF |
2020 |
|
Retained earnings at December 31, 2020 |
123,757 |
|
Dividend payment of CHF 1.30 per share |
(10,098) |
|
Retained earnings carried forward |
113,659 |
Provided the proposal is approved, the dividend of CHF 1.30 per entitled share, less 35% withholding tax, will be paid on April 28, 2021.