Board of Directors’ (BoD) Proposal for the Corporate Profit Appropriation - Integrated Annual Report and Remuneration Report 2019

The board of Directors proposes the following appropriation of profits to the Annual General Assembly of shareholders (AGA):

CHF millions	2019	2018
At disposal of the AGA
Retained earnings	21.8	24.3
Annual profit	33.4	47.3
Total profit	55.2	71.6
Total at the disposal of the AGA	55.2	71.6
Board of Directors' Proposal
Total profit	55.2	71.6
Allocation profit	– 10.0	– 30.0
Dividend payment	– 25.8	– 19.8
Retained earnings	19.4	21.8

Acceptance of this proposal results in the following dividend payments:

CHF	Gross Dividend	35% Withholding Tax	Net Dividend

Bearer share CHF 50.00 nominal value	65.00	22.75	42.25
Registered share CHF 10.00 nominal value	13.00	4.55	8.45

The dividend payment is to be paid to registered shareholders on 28 April 2020 via the usual appointed paying agents. Payment to holders of bearer shares is to be made in exchange for coupon number 24 at the Swiss branch offices of the following banks: Banque Cantonale Vaudoise, UBS, Credit Suisse, Zürcher Kantonalbank.

Board of Directors' (BoD) Proposal for the Corporate Profit Appropriation

Board of Directors' (BoD)
Proposal for the Corporate Profit Appropriation