Landis+Gyr shareholders approve all proposals

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Zug, Switzerland – June 25, 2019 – At today’s Annual General Meeting of Landis+Gyr Group AG (LAND.SW) all proposals submitted by the Board of Directors were approved. 283 shareholders (including proxies) attended the meeting, representing 18’955’636 registered shares and 64.2% of the issued share capital, respectively.

In particular, the shareholders confirmed Andreas Umbach as Chairman of the Board of Directors as well as the six current members Eric Elzvik, Dave Geary, Pierre-Alain Graf, Peter Mainz, Andreas Spreiter and Christina Stercken. As mentioned separately, Mary Kipp was not available for re-election. Additionally, Søren Thorup Sørensen was elected as a new board member for a one-year term of office.

The Annual General Meeting approved the Financial Statements for 2018 as well as the proposal of the Board of Directors to distribute CHF 3.15 per registered share payable from statutory capital reserves. The dividend will be paid on July 1, 2019.

Shareholders also ratified the amounts for future compensation for the Board of Directors and the Group Executive Management, cancellation of shares purchase under the share repurchase program and, in a consultative vote, approved the 2018 Remuneration Report.

 

Contact

Stan March
Phone +1 678 258 1321
Stan.March@landisgyr.com

Christian Waelti
Phone +41 41 935 6331
Christian.Waelti@landisgyr.com

Key dates

Ex-Dividend date June 27, 2019
Dividend record date June 28, 2019
Dividend payment date July 1, 2019
Release of Half Year Result 2018 October 29, 2019
Release of Sustainability Report October 29, 2019
Capital Markets Day January 30, 2020
Release of Results for Financial Year 2018 May 28, 2020
Annual General Meeting 2019 June 30, 2020

About Landis+Gyr

Landis+Gyr is the leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios, we deliver innovative and flexible solutions to help utilities solve their complex challenges in Smart Metering, Grid Edge Intelligence and Smart Infrastructure. With sales of USD 1.8 billion, Landis+Gyr employs approximately 6,000 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better.

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