Myriad Group AG Shareholders Approve All Motions by the Board of Directors at the Annual General Meeting

ZURICH, Switzerland – 24th May 2017: Myriad Group AG (SIX Swiss Exchange: MYRN) today announced that shareholders approved all motions as submitted by the Board of Directors at today’s Annual General Meeting. A total of 58,298,058 shares, or 51.91% of the share capital was represented either by shareholders personally attending the Meeting or by proxies.

  1. The Shareholders’ Meeting approved the Annual Report, Group and Parent Company Accounts 2016 with 99.58% of the votes represented.
  2. The Shareholders’ Meeting followed the proposal by the Board of Directors to endorse the Compensation Report 2016 with 94.74% of the votes represented.
  3. The Shareholders’ Meeting followed the proposal by the Board of Directors to offset capital contribution reserves of CHF 50,000,000, against the accumulated loss of CHF 53,347,954 million with 99.36% of the votes represented.
  4. The members of the Board of Directors and of the Executive Management were granted discharge for the financial year 2016 with 97.56% of the votes represented.
  5. Elections
    1. Messrs Erik Hansen and David Galbraith were re-elected in individual election procedures as members of the Board of Directors (and Mr Erik Hansen as chairman of the Board of Directors) for another term of office of one year with 97.46% and 99.19% respectively, of the votes represented.
    2. Mr Michel Tombroff was elected as a new member of the Board of Directors for a one-year term with 94.99% of the votes represented.
    3. Messrs Erik Hansen and Michel Tombroff were elected as members of the Compensation and Nomination Committee for a one-year term until the end of the next ordinary shareholders’ meeting with 96.10%, and 95.01% respectively, of the votes represented.
    4. PricewaterhouseCoopers AG, Zurich, was re-elected as Auditors for an additional one-year term of office with 99.84% of the votes represented.
    5. Roger Wirz, attorney at law, LL.M., 8400 Winterthur, was elected as Independent Proxy until the end of the next Annual General Meeting with 99.88% of the votes represented.
  6. The Shareholders’ Meeting followed the proposal by the Board of Directors to set a maximum amount CHF 413,000 for compensation of the Board of Directors for the business year 2018 with 97.10% of the votes represented.
  7. The Shareholders’ Meeting followed the proposal by the Board of Directors to set a maximum amount CHF 3,052,000 for compensation of the Executive Committee for the business year 2018 with 97.17% of the votes represented.

http://www.myriadgroup.com/en/investors/general-meetings/