Clariant's shareholders approve all agenda items
March 19 2018 - 10:00AM
Clariant AG / Clariant's shareholders approve all agenda items .
Processed and transmitted by Nasdaq Corporate Solutions. The issuer
is solely responsible for the content of this announcement.
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Distribution increase to CHF
0.50 per share confirmed
-
Integrated Report and Group
Consolidated Financial Statements for fiscal year 2017
approved
-
Shareholders approve
Compensation Report 2017 on a consultative basis
-
All members of the Board of
Directors reelected
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Muttenz, March 19, 2018 - At today's Annual
General Meeting in Basel, the shareholders of Clariant AG, a world
leader in specialty chemicals, approved all agenda items and
resolutions proposed by the Board of Directors. The meeting was
attended by 494 shareholders and shareholder representatives
accounting for 150 829 734 shares or around 45.44 % % of the share
capital of Clariant.
Rudolf Wehrli, Chairman of the Board of Directors,
said: "In 2017, Clariant delivered a strong performance with
exceptionally strong growth. The success of this past year is the
result of the tireless efforts of more than 18,000 Clariant
employees, who did not let themselves be distracted by the events
surrounding the planned merger and the short-term investment of an
activist shareholder."
Hariolf Kottmann, CEO, announced that these
results reflect that Clariant is on the right track in terms of
implementing its strategy and that this successful process will
continue at an even quicker pace together with new anchor
shareholder and partner SABIC[1]. Mr.
Kottmann also indicated that Clariant's outlook remains positive:
"For 2018, the good economic environment in mature markets, which
represent a high comparable base, is expected to continue and
Clariant is confident to continue to be able to achieve growth in
local currency as well as progression in operating cash flow and
profitability."
At the Annual General Meeting, the Integrated
Report as well as the Group Consolidated Financial Statements for
the 2017 fiscal year were approved with 99.87 % of the votes. The
Compensation Report 2017 was also approved on an advisory basis
with 86.14 % of the votes. The members of the Board of
Directors and the Executive Committee were discharged with
99.11 % of the votes. In addition, the Annual General Meeting
approved the appropriation of the accumulated profit for 2017 with
99.89 % of the votes, as well as a distribution of the confirmed
reserves from capital contributions of CHF 0.50 per share with
99.97 % of the votes.
All members of the Board of Directors were
reelected for one year by a large majority, as was the Chairman of
the Board of Directors, Rudolf Wehrli. PricewaterhouseCoopers AG
was confirmed as the statutory auditor for 2018.
The proposal for overall compensation of the Board of Directors for
the term from the 2018 to the 2019 Annual General Meeting was
approved with 94.34 % of the votes, as was the overall compensation
of the Executive Committee for the 2019 fiscal year, with
87.05 % of the votes.
NB:
The speeches (German only) of Rudolf Wehrli, Chairman of the Board
of Directors, CEO Hariolf Kottmann, and guest speaker Gloria Glang,
Clariant Vice President for Advanced Surface Solutions, along with
pictures are available on
http://www.clariant.com/en/Investors/Events/Annual-General-Meetings
Corporate Media Relations |
Investor Relations |
Jochen Dubiel
Phone +41 61 469 63 63
jochen.dubiel@clariant.com |
Anja Pomrehn
Phone +41 61 469 63 73
anja.pomrehn@clariant.com |
Claudia Kamensky
Phone +41 61 469 63 63
claudia.kamensky@clariant.com |
Maria Ivek
Phone +41 61 469 63 73
maria.ivek@clariant.com |
Thijs Bouwens
Phone +41 61 469 63 63
thijs.bouwens@clariant.com |
|
www.clariant.com
Clariant is a globally leading specialty chemicals company, based
in Muttenz near Basel/Switzerland. On 31 December 2017 the company
employed a total workforce of 18 135. In the financial year
2017, Clariant recorded sales of CHF 6.377 billion for its
continuing businesses. The company reports in four business areas:
Care Chemicals, Catalysis, Natural Resources, and Plastics &
Coatings. Clariant's corporate strategy is based on five pillars:
focus on innovation through R&D, add value with sustainability,
reposition portfolio, intensify growth, and increase
profitability. |
[1] The
transaction in January 2018 in which SABIC acquired 24.99% of
Clariant shares is subject to obtaining the necessary regulatory
approvals, thus SABIC is not yet registered as a shareholder and
therefore not represented at this year's AGM.
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information contained therein.
Source: Clariant AG via Globenewswire
--- End of Message ---
Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
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