Results of the Annual General Meeting of GAM Holding AG - Seite 2

Compensation Report 2016 and maximum compensation amounts for 2017

In a voluntary consultative vote, the shareholders did not approve the compensation report for 2016. Shareholders also did not approve the proposed maximum variable compensation of the Group Management Board for 2017. The fixed compensation amounts for the Board of Directors (for the forthcoming one-year term of office) and for the Group Management Board (for the financial year 2017) were approved.

Hugh Scott-Barrett, said: "We acknowledge the concerns of our shareholders with regard to the Group's compensation policies. As announced last week, I will oversee a comprehensive review of the Group's compensation structures and policies, with a focus on Group Management Board individual and total compensation, and on a greater alignment of remuneration with the long-term success of the business. This review will be led by Nancy Mistretta, assisted by David Jacob, and will be conducted in consultation with shareholders. Any variable compensation to members of the Group Management Board for 2017 will be subject to approval by shareholders at a future general meeting." 

Reduction in share capital and cancellation of conditional capital

Shareholders approved the cancellation of the 612,200 shares bought back during 2016 and the corresponding reduction in share capital.

Shareholders also approved the cancellation of the conditional share capital and the deletion of article 3.4 of the Articles of Incorporation.  

The full voting results on all agenda items will be published on www.gam.com/agm2017.

Forthcoming events:

2 May 2017	Ex-dividend date
3 May 2017	Dividend record date
4 May 2017	Dividend payment date
3 August 2017	Half-year results 2017
19 October 2017	Interim management statement Q3 2017