Proposal of the Board of Directors for the appropriation of retained losses and proposal of the DISTRIBUTION FROM statutory capital reserves

in CHF

 

31.3.2020

 

 

 

Retained loss

 

 

Brought forward from previous year

 

–107 878 924.90

Earnings from financial year

 

–742 814.00

Retained loss available to AGM

 

–108 621 738.90

 

 

 

Approbation

 

 

Carry forward to the next period

 

–108 621 738.90

The Board of Directors proposes to carry forward retained loss to the next period and to distribute CHF 1.00 per registered share (Namenaktie) from capital reserves. This corresponds to a payout yield of 3.6% based on the share price on the balance sheet date. This changes the composition of the statutory capital reserve as follows:

in CHF

 

31.3.2020

 

 

 

Statutory capital reserves at the beginning of the financial year

 

163 922 045.18

Distribution to the shareholders

 

–3 318 027.00

Statutory capital reserves at the end of the financial year

 

160 604 018.18