Annual General Meeting approves all proposals | 10.10.24

Rümlang, October 10, 2024 – At today’s Annual General Meeting of dormakaba Holding AG, shareholders approved all of the Board of Directors’ proposals. 241 shareholders attended in person. A total of 2,883,737 registered shares with voting rights were represented, corresponding to 68.6% of the share capital registered in the commercial register.

Shareholders approved all of the Board of Directors’ proposals by a large majority, including the payment of a dividend of CHF 8.00 per share. This corresponds to a payout ratio of 51.1%. The dividend will be paid primarily from available profits and, to a lesser extent, from capital contribution reserves. Payments are scheduled to begin on October 16, 2024.

The Ordinary General Assembly also approved all re-election proposals for the Board of Directors, each for a one-year term. Although John Y. Liu retired from the Board of Directors, Marianne Janik and Ilias Läber were elected as new independent members.

Additionally, the Annual General Meeting approved the Group Management Report, the Annual Financial Statements and the Consolidated Financial Statements, as well as, for the first time, the Report on Non-Financial Matters (part of the Sustainability Report) for the year. 2023/24.

In an advisory vote, shareholders also approved the 2023/24 remuneration report. The proposal for the maximum value for the remuneration of the Board of Directors until the Ordinary General Meeting of 2025 and the proposal for the maximum value for the remuneration of the Group’s Executive Board for the 2025/26 financial year were also approved.

Furthermore, the Annual General Meeting re-elected PricewaterhouseCoopers AG as auditor and the law firm Keller AG as independent attorney for a new one-year term.

Further details about the 2024 Annual General Meeting can be found at www.dk.world/AGM.

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This communication contains certain forward-looking statements, including, but not limited to, those that use the words “believes,” “assumes,” “expects” or similar formulations. Such forward-looking statements reflect the Company’s current judgment, involve risks and uncertainties and are made based on assumptions and expectations that the Company believes to be reasonable at this time, but which may prove to be erroneous. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks, uncertainties and other factors beyond the control of the company and the Group that may lead to material differences between actual future results, financial results situation, development or performance of the company or the Group and those expressed or implied by such statements. Except as required by applicable law or regulation, the company does not accept any obligation to continue to report, update or otherwise revise such forward-looking statements or to adjust them to new information or future events or developments.
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