Ad-hoc | 21 May 2021 07:00

Adval Tech shareholders approved all proposals and elected Willy Michel as Honorary Chairman

Adval Tech Management AG / Key word(s): AGMEGM

21-May-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Niederwangen, May 21, 2021, 7.00 a.m. – The shareholders of Adval Tech Holding AG approved all the proposals of the Board of Directors at their Annual General Meeting, which was held yesterday afternoon without an audience. Among other things, they approved the dividend of CHF 1.35 per registered share (CHF 0.65 as distribution from reserves from capital contributions and CHF 0.70 as ordinary dividend), as well as the future remuneration of members of the Board of Directors and Group Executive Management. The current members of the Board of Directors René Rothen, Hans Dreier, Christian Mäder and Jürg Schori were re-elected for a further one-year term. The shareholders also confirmed René Rothen as Chairman of the Board of Directors as well as Christian Mäder and Jürg Schori as members of the Nomination and Compensation Committee. Dr. h.c. Willy Michel was elected Honorary Chairman of the Board of Directors of Adval Tech Holding AG.

Background information about the Adval Tech Group
Adding value through innovation – that's what Adval Tech stands for. The Adval Tech Group is a global industrial supplier of technologically sophisticated components and subassemblies made of metal and plastic. It focuses on selected activities, especially in its main target market, the automotive industry. As a supplier and value-adding partner, Adval Tech covers the entire value chain from product development to prototyping, to mold and tool development, and through to component production and assembly.

Download media release
www.advaltech.com/en/group/investors/company-news/ad-hoc-notices

Contact
Markus Reber, CFO, phone +41 31 980 82 70, markus.reber@advaltech.com
Valeria Poretti, Head Corporate HR/Communication, phone +41 31 980 82 66, valeria.poretti@advaltech.com

Agenda
August 20, 2021, Announcement of semi-annual results 2021

End of ad hoc announcement

Language:	English
Company:	Adval Tech Management AG
	Freiburgstrasse 556
	3172 Niederwangen
	Switzerland
Internet:	www.advaltech.com
ISIN:	CH0008967926
Valor:	896792
Listed:	SIX Swiss Exchange
EQS News ID:	1199153

End of Announcement EQS Group News Service