Clariant AG: Board of Directors decides on agenda items for the 26th Annual General Meeting
- Hariolf Kottmann informs Board of Directors to be no longer a candidate for the office of Chairman
- Board of Directors proposes Günter von Au to be elected as new Chairman of the Board of Directors
- Ordinary dividend of CHF 0.70 for fiscal year 2019 and 2020 combined
Muttenz, February 1, 2021 – The Chairman of the Board Hariolf Kottmann has informed the Board of Directors in an extraordinary meeting that he will no longer be a candidate for a Member of the Board of Directors nor for the office of Chairman at the upcoming 26th Annual General Meeting in April 2021.
Against this background and after intensive discussions, the members of the Board of Directors of Clariant unanimously suggest to the shareholders Günter von Au to be elected as new Chairman of the Board of Directors. Günter von Au has been a member of the Board of Directors since 2012 and acted as Vice Chairman from 2012 to 2018.
The Board of Directors additionally proposes to the shareholders of the Company to distribute an ordinary dividend of CHF 0.70 per share. This includes CHF 0.55 per share for fiscal year 2019 and CHF 0.15 per share for 2020.
By agreeing to the agenda items of the Board of Directors, the anchor shareholder SABIC withdraws its own proposals for the agenda of the Annual General Meeting, which it sent to the Company at the end of December 2020. These included a special dividend distribution to the shareholders of an amount up to CHF 2.00 per share and the amendment of article 20 of the articles of association – introduction of a time limit of 12 years for members of the Board of Directors including the Chairperson. Instead, the requested inclusion of the 12-year period will be anchored in the Bylaws of the Board of Directors.
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| This media release contains certain statements that are neither reported financial results nor other historical information. This document also includes forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; pricing|
strategies of competitors; the Company’s ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Clariant does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials.
Clariant is a focused, sustainable and innovative specialty chemical company based in Muttenz, near Basel/Switzerland. On 31 December 2019, the company employed a total workforce of 17 223. In the financial year 2019, Clariant recorded sales of CHF 4.399 billion for its continuing businesses. The company reports in three business areas: Care Chemicals, Catalysis and Natural Resources. Clariant’s corporate strategy is based on five pillars: focus on innovation and R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability.
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