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21 四月 2023

Results of today’s Annual General Meeting

At today’s Annual General Meeting of EFG International, shareholders approved all the motions proposed by the Board of Directors, including the payment of a dividend of CHF 0.45 per share.

EFG International’s shareholders approved the payment of a dividend by way of a distribution out of reserves from capital contributions of CHF 0.45 per share (exempt from Swiss withholding tax). As previously announced, this represents an increase of 25% compared to the dividend for the 2021 financial year. The ex-dividend date is 25 April 2023 and the payment of the cash distribution is scheduled for 27 April 2023.

Alexander Classen was re-elected as Chair of the Board of Directors for a further one-year term of office. As previously announced, Susanne Brandenberger and Steven Jacobs did not stand for re-election. Philip Lofts and Maria Leistner were elected as new members of the Board of Directors. All other members of the Board of Directors – Emmanuel Bussetil, Boris Collardi, Roberto Isolani, John Spiro Latsis, Carlo Lombardini, Périclès Petalas, Stuart Robertson, Bernd-A. von Maltzan and Yok Tak Amy Yip – were also re-elected for a further one-year term of office.

Additional motions that were proposed by the Board of Directors and approved by shareholders at today’s Annual General Meeting include:

  • The approval of the management report, the financial statements and the consolidated financial statements for the 2022 financial year;
  • The re-election of the current Remuneration & Nomination Committee members Emmanuel Bussetil and Bernd-A. von Maltzan and the election of Alexander Classen, Boris Collardi and Roberto Isolani as new members of the Remuneration & Nomination Committee for a one-year term of office;
  • The granting of discharge to the members of the Board of Directors and the Executive Committee;
  • The compensation of the Board of Directors and the Executive Committee;
  • The reduction of the participation capital of CHF 200,730 by CHF 200,730 to CHF 0 by cancelling all 13,382 registered class B participation certificates with a par value of CHF 15.00 each held in treasury, with the amount of the reduction being used to eliminate the corresponding reserves for treasury shares;
  • The replacement of the current, no longer renewable authorised capital by a capital band with upper and lower limits of approximately 130% and 70%, respectively, of the share capital currently registered in the commercial register;
  • Other amendments to the Articles of Association in line with the revision of Swiss corporation law.

Alexander Classen, Chair of EFG’s Board of Directors: “It was a pleasure to welcome our shareholders in person to today’s Annual General Meeting of EFG International in Zurich. Over the past few weeks, the global financial markets have been volatile. Trust is the foundation of banking and we strongly believe in our resilient, client-centric business model. We have entered our new strategic cycle 2023-2025 from a position of strength. For 2023 and beyond, our focus is on accelerating growth and on further increasing profitability and efficiency. With our new strategic plan, the Board and our management team are reinforcing our commitment to creating long-term value for our clients, shareholders and employees.”

Important disclaimer

This document has been prepared by EFG International AG (“EFG”) solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for, purchase or redeem any securities regarding EFG. 

This media release includes forward-looking statements that reflect EFG’s intentions, beliefs or current expectations and projections about EFG’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve all matters that are not historical facts. EFG has tried to identify those forward-looking statements by using the words ‘may’, ‘will’, ‘would’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘project’, ‘believe’, ‘seek’, ‘plan’, ‘predict’, ‘continue’ and similar expressions. Such statements are made on the basis of assumptions and expectations which, although EFG believes them to be reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause EFG’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions in Switzerland, the European Union and elsewhere, and EFG’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. EFG and its subsidiaries, and their directors, officers, employees and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this media release and any change in EFG’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.