Annual General Meeting of Bâloise Holding Ltd: shareholders approve proposals put forward by Board of Directors

Basel, April 24, 2020. The shareholders of Bâloise Holding Ltd voted in favour of all the proposals put forward on the agenda by the Board of Directors and agreed to the increase of the dividend per share by CHF 0.40 to CHF 6.40. Due to the COVID-19 Ordinance 2 issued by the Swiss Federal Council, shareholders were not able to attend the Annual General Meeting.

Independent proxy represents 49.9% per cent of issued share

Due to the COVID-19 Ordinance 2 issued by the Swiss Federal Council, shareholders were not permitted to attend the Annual General Meeting. From 3 April 2020 onwards, shareholders were given the option to exercise their voting rights via electronic or written instructions provided to an independent proxy. The independent proxy represented around 24.3 million, or approximately 49.9% per cent, of the 48.8 million total shares.

Dividend increase approved

The AGM voted in favour of all the Board of Directors' proposals in the agenda. The shareholders approved the management report, the annual financial statements and the 2019 consolidated financial statements. It also granted discharge to the members of the Board of Directors and the executive officers. The proposal put forward by the Board of Directors to increase the dividend per share by CHF 0.40 to CHF 6.40 was also approved by a large majority of shareholders (99.8 per cent). This confirms Baloise shares as an attractive and reliable investment.

All members of the Board of Directors re-elected

All members of the Board of Directors were re-elected for a one-year term of office, and Dr Andreas Burckhardt was re-elected as Chairman of the Board of Directors for a one-year term of office.

Baloise takes responsibility with its business model

In his speech, Chairman of the Board of Directors Dr Andreas Burckhardt emphasised the fact that the insurances’ models have always been geared towards the long term and aim to ensure long-term success, and that it is this long-term focus that enables insurances to take responsibility for society during the current situation: “There is currently more need for our services than ever before, as they are required to help stabilise the economy in combination with measures introduced by the Government,” Dr Andreas Burckhardt commented. The requirements of customers, employees and investors are out top priority. With its excellent work during recent years, and in the 2019 financial year in particular, Baloise increased its stability and thereby provided stakeholders with the assurance they need.

The full speech delivered by Dr Andreas Burckhardt (in German only) can be downloaded from www.baloise.com or streamed at www.youtube.com/BaloiseGroup.

Important dates

  • Tuesday, 28 April 2020: ex-dividend date
  • Thursday, 30 April 2020: dividend due date
  • Thursday, 27 August 2020: 2020 half-year financial results
  • Thursday, 29 October 2020: Investor Day

Press contact

Portrait Roberto Brunazzi

Roberto Brunazzi

Head of Media Relations

Phone

+41 58 285 82 14

Email

media.relations@baloise.com

The Baloise Group is more than just a traditional insurance company. The changing security, safety and service needs of society in the digital age lie at the heart of its business activities. The 7,600 or so employees of Baloise therefore focus on the wishes of their customers. The best possible customer service, combined with innovative products and services, makes Baloise the first choice for people who want to feel ‘simply safe’. Located at the heart of Europe, with its head office in Basel, the Baloise Group is a provider of prevention, pension, assistance and insurance solutions. Its core markets are Switzerland, Germany, Belgium and Luxembourg. In Switzerland, with Baloise Bank SoBa, the Group also operates as a specialised financial services provider, offering a combination of insurance and banking services. The Group offers innovative pension products to retail customers throughout Europe from its competence centre in Luxembourg. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange.

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