Forbo shareholders approve all proposals of the Board of Directors

Forbo Holding AG / Key word(s): AGMEGM Forbo shareholders approve all proposals of the Board of Directors 01.04.2022 / 18:30 MEDIA RELEASE

At today's 94th Ordinary General Meeting of Forbo Holding Ltd, shareholders approved all the proposals of the Board of Directors by a clear majority. In application of Article 27 of the Ordinance 3 on Measures to Combat the Coronavirus (COVID-19) of the Swiss Federal Council, shareholders exercised their rights solely through voting instructions issued to the independent proxy. A dividend of CHF 25 gross per share will be paid out as of April 8, 2022.

Baar, April 1, 2022

Due to the continuing high number of COVID-19 cases and the Swiss Federal Council's current regulations to combat the coronavirus, today's Ordinary General Meeting was held at the headquarters of Forbo Holding Ltd in Baar.

No shareholders were present. The independent proxy represented 1,068,217 registered shares, accounting for 64.74 percent of the share capital issued.

The shareholders approved all the proposals of the Board of Directors by a clear majority. They approved the Annual Report, the annual statements and the consolidated financial statements for the 2021 business year, while also granting discharge to the responsible governing bodies. In addition, they voted in favor of the proposed distribution of earnings in the form of a dividend amounting to CHF 25 gross per share.

They approved the capital reduction and the corresponding amendment to the Articles of Association in connection with the 2019-2022 share buyback program (165,000 shares/10% of the share capital) authorized at the Ordinary General Meeting of April 5, 2019.

The shareholders approved the 2021 Remuneration Report by a clear majority in a consultative vote. The Ordinary General Meeting approved the maximum total remuneration of the Board of Directors for 2023, the maximum fixed remuneration of the Executive Board for 2023, the short-term variable remuneration of the Executive Board for 2021, as well as the maximum long-term equity participation of the Executive Board for 2022 by a large majority.