Clariant's shareholders approve all agenda items at the Annual General Meeting
Clariant AG / Clariant's shareholders approve all agenda items at the Annual General Meeting . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
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Muttenz, April 21, 2016 - At today's Annual General Meeting in Basel, the shareholders of Clariant AG, a world leader in specialty chemicals, approved all agenda items and proposals put forward by the Board of Directors. The meeting was attended by 323 shareholders and shareholder representatives accounting for 188 389 574 shares or around 56.75 % of the share capital of Clariant.
Hariolf Kottmann, CEO, reconfirmed the mid-term target to achieve a position in the top tier of the specialty chemicals industry. "This corresponds to an EBITDA margin range of 16 % to 19 % before exceptional items, and a return on invested capital (ROIC) above the peer group average", said Hariolf Kottmann. "For 2016, in spite of the increasingly challenging economic environment, we are confident that we will achieve growth in local currencies, progression in EBITDA margin before exceptional items and improvements to operating cash flow."
At the Annual General Meeting, the Annual Report as well as the Group's Consolidated Financial Statements for the fiscal year 2015 were approved with 99.96 % of the votes. The 2015 Compensation Report was also approved on a consultative basis with 88.19 % of the votes. The members of the Board of Directors and the Executive Committee were discharged with 99.41 % of the votes. In addition, the Annual General Meeting approved the appropriation of the accumulated profit for 2015 with 99.94 % of the votes, as well as a distribution of the confirmed reserves from capital contributions of CHF 0.40 per share with 99.94 % of the votes.