PubliGroupe's AGM approves all Board proposals
Clear rejection of move to lift statutory registration and voting rights restriction.
The Annual General Meeting of PubliGroupe, held on 30 April 2008, approved all of the Board of Directors' proposals by a clear majority. In particular, the AGM followed the Board's recommendation to turn down the proposal made by Laxey Partners Ltd. to lift the statutory restriction on registration and voting rights. Shareholders rejected this proposal by around 84% of votes represented at the AGM. This means that Laxey's proposals were supported by only about 8.6% of the total share capital, including the 4.98% held by Laxey itself. The proposed increase in the dividend from CHF 12 to CHF 13 was approved. Finally, the AGM elected Etienne Jornod, resident of Muri bei Bern, as a new member of the company's Board of Directors, and re-elected Christian Budry, Gerhart Isler and Felix Weber for a further term of office.
Philippe Pidoux, Chairman of the Board of Directors, welcomed shareholders' unequivocal decision to retain the statutory registration and voting rights restriction: "The independence of PubliGroupe and the reliability of its long-term corporate strategy are core factors for the success of the business and are of prime concern to our partners and clients. Protecting these values is in the interests of the company and all its stakeholders. The AGM has clearly acknowledged this today."
For further information:
PubliGroupe Ltd.
Philippe Pidoux, Chairman
Tel. : + 41 21 317 72 14
Fax : + 41 21 317 72 22
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