ABB shareholders approve all proposals at 2021 Annual General Meeting
March 25 2021 - 6:27AM
Dow Jones News
The shareholders of ABB have approved all the proposals by the
company's Board of Directors at its 2021 Annual General Meeting.
Due to the extraordinary circumstances and in line with applicable
Swiss COVID-19 legislation, shareholders were not able to attend
the meeting in person but could exercise their shareholder rights
via the independent proxy who represented 59 percent of the issued
share capital.
The shareholders supported the proposed distribution of a
dividend of CHF 0.80 per share with
99.4 percent of the votes. The dividend payment in Switzerland
is planned for March 31, 2021. The shareholders also approved the
management report, the consolidated financial statements and the
annual financial statements for 2020 with 99.4 percent of the
votes.
Peter Voser was confirmed as Chairman of the company's Board of
Directors with 92.9 percent of the votes. With the exception of
Matti Alahuhta, who as announced earlier did not stand for
re-election, all other members of the Board were re-elected for
another term: Jacob Wallenberg, Gunnar Brock, David Constable,
Frederico Fleury Curado, Lars Förberg, Jennifer Xin-Zhe Li,
Geraldine Matchett, David Meline and Satish Pai.
Furthermore, a capital reduction through the cancellation of
shares repurchased under ABB's share buyback program announced in
July 2020 was supported with 98.4 percent. Shareholders also
approved in a binding vote with 98.4 percent the maximum aggregate
compensation of the Board of Directors for the 2021--2022 term of
office and of the Executive Committee for the 2022 financial year
with 92.7 percent. In addition, in a non-binding vote the
shareholders voted in favor of the compensation report for 2020
with 90.2 percent of the votes.
The final results of the Annual General Meeting are available on
www.abb.com. ABB will be reporting first quarter results on April
27, 2021.
ABB (ABBN: SIX Swiss Ex) is a leading global technology company
that energizes the transformation of society and industry to
achieve a more productive, sustainable future. By connecting
software to its electrification, robotics, automation and motion
portfolio, ABB pushes the boundaries of technology to drive
performance to new levels. With a history of excellence stretching
back more than 130 years, ABB's success is driven by about 105,000
talented employees in over 100 countries. www.abb.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210325005411/en/
CONTACT: Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com
Investor Relations
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com
ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
SOURCE: ABB
Copyright Business Wire 2021
(END) Dow Jones Newswires
March 25, 2021 06:12 ET (10:12 GMT)
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