Today’s Annual General Meeting (AGM) of Varia US Properties AG held in Zug approved all motions of the Board of Directors. In accordance with Art. 27 of the Covid-19 Ordinance 3, the AGM took place without the physical presence of investors. A total of 5,053,691 shares, or 49.9% of shares with voting rights, were represented by the independent proxy. Among others, the following motions were approved by the shareholders:
- Additional true-up dividend distribution for the business year 2021 of CHF 1.20 per share, payable on 11 May 2022.
- Continued quarterly dividend distribution program of CHF 2.00 per share (based on the current number of outstanding shares of 10,126,018), payable in four installments of CHF 0.50 each on 10 August 2022, 10 November 2022, 10 February 2023 and 10 May 2023.
- Re-election of all members of the Board of Directors and the Chairman.