Cicor Shareholders Approve All Proposals


Reading time ( words)

At the Annual General Assembly of Cicor Technologies Ltd. on April 15, 2021, the shareholders approved all proposals. The General Assembly approved the proposal to distribute CHF 1.00 per registered share from the capital contribution reserve. This dividend will be paid to shareholders, free of transaction charges and withholding tax, from April 22, 2021.

At this year’s General Assembly of Cicor Technologies Ltd., at which shareholders were able to exercise their voting rights exclusively by granting authorization and giving instructions to the independent proxy, due to the ongoing corona pandemic, the shareholders approved all proposals. The Meeting approved the 2020 annual report, annual financial statements, consolidated financial statements and appropriation of the balance sheet result; it also granted discharge to the members of the board of directors and management for the 2020 financial year. In addition, the Board of Directors’ total remuneration for the next term of office and the approval of the fixed and variable remuneration elements for management were endorsed for the following financial year. The Meeting also approved the proposal to distribute CHF 1.00 per registered share from the capital contribution reserve. 

The Annual General Meeting elected Daniel Frutig as the new chairman of the Board of Directors and successor to Robert Demuth, who did not stand for re-election. Furthermore, Dr. Rüdiger Merz was elected as a new member of the Board of Directors. The existing members Andreas Dill and Erich Haefeli were re-elected. Andreas Dill, Daniel Frutig and Dr. Rüdiger Merz were also elected as members of the remuneration committee.

The independent proxy, lawyer Pascal Moesch (Athemis, Rue Jaquet-Droz 32, 2300 La Chaux-de-Fonds) and the auditing department of KPMG AG, Zurich, were also appointed by the Annual General Assembly for a further.

Share

Print


Suggested Items

EIPC Technical Snapshot: Supply Chain and Material Price Pressures

04/26/2021 | Pete Starkey, I-Connect007
EIPC’s seventh Technical Snapshot webinar on April 14 was timely and appropriate. In the context of current supply chain issues and material price pressures facing the PCB industry, particularly in Europe, the EIPC team brought together an outstanding group of experts—each a leading authority in his field—to analyse and comment upon the areas of concern and to respond to questions raised by a capacity audience. As Alun Morgan said, “If you don’t use the European supply chain, you won’t have it anymore!”

The Future Is Electric

04/13/2021 | KJ McCann and Brian Zirlin, Aurora Circuits
Worldwide research and development of the automotive industry began as early as the 17th century and since then has taken several different design paths, with each country forging its own innovative trail and hundreds of prototypes emerging into the market. Vehicles—with steam-powered, electric, and combustion engines—began to play a major role, not only in the Industrial Revolution, but in everyday life. Although many believe that electric vehicles (EVs) are relatively new to the market, they have actually been around since 1832.

My Thoughts From the Virtual Show

04/11/2021 | Patty Goldman, I-Connect007
Gosh, I sure missed the live event! I listened in on several technical sessions, the awards ceremony, the keynotes, and the Hall of Fame management session. I tried a couple of professional development courses but got the frownie face on my screen and didn’t go back in. I have almost 90 days(!) to browse them to my heart’s content, so what the heck. There were good points and a few not so good things about this first ever virtual conference. You probably experienced some yourself.



Copyright © 2021 I-Connect007. All rights reserved.