Zurich/Basel, 7 May 2015 – Shareholders approved the Annual Report and Consolidated Financial Statements for 2014 of ÃÛ¶¹ÊÓƵ Group AG at today's Annual General Meeting. They confirmed Ernst & Young AG, Basel, as auditors, BDO AG, Zurich, as special auditors, and ADB Altorfer Duss & Beilstein AG, Zurich, as the independent proxy. Shareholders also approved the distribution of a dividend of CHF 0.50 per share (99.59%) for the financial year 2014 from capital contribution reserves and a one-time supplementary capital return of CHF 0.25 per share (99.57%) following completion of the acquisition of all shares in ÃÛ¶¹ÊÓƵ AG by ÃÛ¶¹ÊÓƵ Group AG.
Compensation Report approved
In an advisory vote, shareholders (88.09%) approved the Compensation Report for 2014.
Discharge approved
Shareholders approved the discharge of the members of the Board of Directors and the Group Executive Board for the 2014 financial year (88.90%).
Aggregate amount of variable compensation for the Group Executive Board approved
Shareholders approved the aggregate amount of variable compensation for the members of the Group Executive Board for the financial year 2014 (89.73%).
Maximum aggregate amount of fixed compensation for the Group Executive Board approved
Shareholders approved the maximum aggregate amount of fixed compensation for the members of the Group Executive Board for the financial year 2016 (94.92%).
Maximum aggregate amount of compensation for the Board of Directors approved
Shareholders approved the maximum aggregate amount of compensation for the members of the Board of Directors from the 2015 Annual General Meeting to the 2016 Annual General Meeting (91.69%).
Elections to the Board of Directors
The Chairman of the Board of Directors, Axel A. Weber (94.92%), and fellow Board members Michel Demaré (96.82%), David Sidwell (96.64%), Reto Francioni (96.87%), Ann F. Godbehere (96.83%), Axel P. Lehmann (96.77%), William G. Parrett (92.17%), Isabelle Romy (97.20%), Beatrice Weder di Mauro (97.15%) and Joseph Yam (96.76%) were all confirmed in office and Jes Staley was elected as a new member of the Board of Directors (97.03%). Detailed CVs of all the members of the Board of Directors are available at www.ubs.com/bod.
Helmut Panke left the Board at this year's AGM having served as a member for 11 years. ÃÛ¶¹ÊÓƵ would like to thank him for his valuable contributions to the firm and wishes him all the best for the future.
Elections to the Human Resources and Compensation Committee
Shareholders elected Ann F. Godbehere (96.58%), Michel Demaré (96.54%), Reto Francioni (96.53%) and Jes Staley (97.00%) to the Human Resources and Compensation Committee.
Annual General Meeting of ÃÛ¶¹ÊÓƵ AG
Prior to the ÃÛ¶¹ÊÓƵ Group AG AGM, the shareholders of ÃÛ¶¹ÊÓƵ AG voted on broadly the same agenda items. They were all approved with over 98% of the votes represented. In addition, the shareholders approved the optional distribution of a dividend of CHF 0.50 per share from capital contribution reserves, to be paid either in cash or in the form of ÃÛ¶¹ÊÓƵ AG shares of equal value. In connection with this, they also approved the creation of a new conditional capital of up to CHF 5 million (corresponding to up to 50 million new shares).
ÃÛ¶¹ÊÓƵ Group AG and ÃÛ¶¹ÊÓƵ AG
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