Sonova shareholders approve all motions of the Board of Director

The shareholders approved the Annual Report, the Annual Consolidated Financial Statements of the Group and the Annual Financial Statements of Sonova Holding AG for the 2018/19 financial year and authorized the proposed appropriation of retained earnings and a gross dividend of CHF 2.90 per share. This amounts to a payout of approximately CHF 186.7 million corresponding to an adjusted payout ratio of 41%. The distribution will be made with the anticipated value date of June 19, 2019.

The shareholders formally approved the actions of the members of the Board of Directors for their activities during the 2018/19 financial year. All members of the Board of Directors standing for re-election for a further term of office were re-elected individually. During the course of these elections, the current Chairman of the Board of Directors Robert F. Spoerry was also confirmed in office. Re-elected to the Nomination & Compensation Committee were Robert F. Spoerry (Chairman), Beat Hess and Stacy Enxing Seng.

The compensation report for the 2018/19 financial year was accepted by shareholders in a non-binding advisory vote. Shareholders also approved in two separate binding votes the maximum aggregate amount of compensation of the Board of Directors covering the period from the AGM 2019 to the AGM 2020 and the maximum aggregate amount of compensation of the Management Board for the 2020/21 financial year. Furthermore the capital reduction through cancellation of shares was accepted by the shareholders.

PricewaterhouseCoopers AG, Zurich, were re-elected as auditors for a further period of one year. The Law Office Keller Partnership, Zurich, was elected as the Independent Proxy.

The next AGM will be convened on June 11, 2020.

The presentation and the minutes (in German) of the AGM 2019 will soon be available on our website at www.sonova.com/en/AGM

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