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Media Release
Altstätten, 17 April 2024
Annual General Meeting – all proposals of the Board of Directors approved
COLTENE, a leading international developer and manufacturer of dental consumables and small equipment, announces that the shareholders at today’s Annual General Meeting in Altstätten approved all proposals of the Board of Directors and resolved a dividend of CHF 2.00 per share. 190 shareholders with voting rights were present. A total of 70,38% of the votes were represented.
The shareholders approved the Management Report, the Annual and Consolidated Financial Statements for 2023 and the carryforward of the profit to 2024. They also approved the distribution of CHF 2.00 per share from the capital contribution reserves with foreign reference. For the first time the report on non-financial matters was submitted to the 2024 Annual General Meeting and approved. The Annual General Meeting also approved the Board of Directors’ proposal to amend the Articles of Association. These essentially reflect the revision of the Swiss stock corporation law, which came into force on 1 January 2023. Discharge was granted to the members of the Board of Directors and the Executive Board.
The shareholders confirmed all members of the Board of Directors and the Remuneration Committee standing for re-election. Nick Huber was re-elected as Chairman. Edgar Schönbächler was elected as a new member of the Board of Directors and the Remuneration Committee as proposed. He replaces Roland Weiger, who did not stand for re-election after many years of valuable service on the Board of Directors and the Remuneration Committee. Nick Huber also did not stand for re-election to the Remuneration Committee. The shareholders approved all remuneration proposals and confirmed Ernst & Young AG, St. Gallen, as auditor.
The distribution of CHF 2.00 per share corresponds to a dividend yield of 2.8% based on the closing price on 31 December 2023 and will be paid out on 24 April 2024 (payment date). It will be paid tax-free to natural persons resident in Switzerland.
Contact
For further information: Markus Abderhalden, CFO,
Phone +41 71 757 54 80, Mobile +41 79 436 26 22, E-Mail markus.abderhalden@coltene.com
Financial Calendar
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Release of Half-Year Report and Media and analyst conference on 2024 half-year results |
8 August 2024 |
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Release of Annual Report 2024 and Media and analyst conference on the 2024 financial year |
7 March 2025 |
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Annual General Meeting 2025 |
23 April 2025 |
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Release of Half-Year Report and Media and analyst conference on 2025 half-year results |
8 August 2025 |
About COLTENE
COLTENE is an international developer, manufacturer, and seller of dental consumables and small equipment in the areas of Infection Control, Dental Preservation, and Efficient Treatment. COLTENE has state-of-the-art production facilities in the USA, Canada, Germany, France, and Switzerland as well as own sales organizations in all major markets including Europe, North and Latin America, Japan, China, and India. Dentists, DSOs, dental clinics, and dental labs all around the globe trust COLTENE’s high-quality products. The registered shares of COLTENE Holding AG (CLTN) are listed on SIX Swiss Exchange. Learn more about COLTENE and our products at www.coltene.com.
Contact
COLTENE Holding AG
Feldwiesenstrasse 20
9450 Altstätten, Switzerland
P + 41 71 757 53 00
This written statement and oral statements or other statements made, or to be made, by us contain forward-looking statements that do not relate solely to historical or current facts. These forward-looking statements are based on the current plans and expectations of our management and are subject to a number of uncertainties and risks that could significantly affect our current plans and expectations, as well as future results of operations and financial conditions. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.