HOCHDORF Holding AG
HOCHDORF Holding Ltd: HOCHDORF drives growth strategy forward
EQS Group-Ad-hoc: HOCHDORF Holding AG / Key word(s): AGM/EGM Press release for the HOCHDORF Group AGM on 6 May 2016 Hochdorf, 9 May 2016 – The 345 shareholders attending the Annual General Meeting for HOCHDORF Holding Ltd approved all the proposals submitted by the Board of Directors. The dividend proposal of CHF 3.70 from capital investment reserves was therefore accepted. HOCHDORF also announced the construction of a new spray tower line for the production of infant formula in Sulgen. The AGM was led by Josef Leu, Chairman of the Board of Directors of HOCHDORF Holding Ltd, with 345 shareholders in attendance with a total of 641,378 votes (70.89 per cent of the votes). All proposals submitted by the Board of Directors were approved by the shareholders. These included approval of the Annual Report for 2015, the Group accounts and the annual accounts for HOCHDORF Holding Ltd as of 31 December 2015, along with full support for the members of the Board of Directors and the senior management team. Constant dividends Changes to the Board of Directors Dr Urban Bieri was elected as independent proxy for the period up to and including the date of the Annual General Meeting in 2017. The AGM confirmed Ernst & Young Ltd, Lucerne as the auditing agency for the same period. Conditional capital increase request withdrawn Forward integration and capacity extension The Assembly welcomed the adaptation of the agenda, the actions of the Board of Directors and the HOCHDORF Group strategy explicitly. The Chairman of the Board of Directors, Josef Leu, informed the AGM that capacity for producing infant formula at the Sulgen plant is to be increased. “The demand for Swiss-made infant formula is great and we want to meet this demand with the new spray tower line,” said Josef Leu, explaining the investment decision. Over the next few years, the HOCHDORF Group is investing over CHF 80 million in Sulgen. The money will be spent on extending production and filling capacities for infant formula, as well as in warehouse logistics. This will create 65 new jobs for a 4-shift operation. A good start to 2016 End of ad hoc announcement +++++ Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=GRFSKWYQKR Document title: Press release for the HOCHDORF Group AGM 2016 2016-05-09 News transmitted by EQS Schweiz AG. www.eqs.com – news archive: http://switzerland.eqs.com/de/News The issuer is responsible for the contents of the release. Information and Explanation of the Issuer to this News: In 2015 the HOCHDORF Group, which is headquartered in Hochdorf, generated a consolidated gross sales revenue of CHF 551.2 million. It is one of the leading foodstuff companies in Switzerland, with more than 625 employees as at 31 December 2015. Made from such natural ingredients as milk, wheat germ, and oilseeds, HOCHDORF products have been contributing to the health and well-being of the young and old alike since 1895. Our customers include the food industry and wholesalers and retailers. Our products are sold in more than 90 countries. HOCHDORF stock is traded on the SIX Swiss Exchange in Zurich (ISIN CH0024666528). |
Language: | English | |
Company: | HOCHDORF Holding AG | |
Siedereistrasse 9 | ||
6281 Hochdorf | ||
Switzerland | ||
Phone: | +41 41 914 65 65 | |
Fax: | +41 41 914 66 66 | |
E-mail: | hochdorf@hochdorf.com | |
Internet: | www.hochdorf.com | |
ISIN: | CH0024666528 | |
Listed: | Foreign Exchange(s) SIX | |
End of News | EQS Group News Service |