The Board of Directors of Swiss Life Holding Ltd will propose to the Annual General Meeting on 23 April 2013 the distribution of an unchanged dividend of CHF 4.50 per share and an amendment to the Articles of Association to increase the conditional capital.
The Board of Directors of Swiss Life Holding Ltd will, as announced during the reporting of the 2012 annual results, propose a withholding tax-free distribution to shareholders of CHF 4.50 per share from the capital contribution reserve at the Annual General Meeting on 23 April 2013.
Increase in conditional capital and election to the Board of Directors
The Board of Directors of Swiss Life Holding Ltd also proposes the creation of additional conditional capital within the context of active capital management.
The current conditional share capital is to be increased by 3640614 registered shares to 6000000 registered shares, which would be equivalent to 18.7% of statutory share capital. The proposed amendment would increase the conditional capital to a customary level by peer comparison and increase Swiss Life's financial flexibility.
Volker Bremkamp will stand down from the Board of Directors of Swiss Life Holding Ltd at this year's meeting due to his reaching the statutory age limit. Peter Quadri will stand for reelection. The shareholders Frank W. Keuper, formerly a member of the AXA Group's Executive Committee and CEO of AXA Konzern AG Germany, Ueli Dietiker, former CFO and deputy CEO of the Swisscom Group and Klaus Tschütscher, formerly Head of Government of the Principality of Liechtenstein, will be proposed to the shareholders for election to the Board of Directors. In addition, the shareholders will decide on the 2012 Annual Report, including the Report on Compensation, appropriation of profit for 2012, ratification of the actions of Board of Director members and choose the statutory auditors.
The invitation and full agenda for the Annual General Meeting of Shareholders of Swiss Life Holding Ltd on 23 April 2013 in the Hallenstadion Zurich will be on the Swiss Life website from Friday, 15 March 2013 (http://www.swisslife.com/en/home/investors/events/agm.html).
Tel. +41 43 284 77 77
Tel. +41 43 284 52 76
The Swiss Life Group is one of Europe's leading comprehensive life and pensions and financial solutions providers. In its core markets of Switzerland, France and Germany, Swiss Life offers individuals and corporations comprehensive and individual advice plus a broad range of own and partner products through its sales force and distribution partners such as brokers and banks.
Swiss Life Select (formerly AWD), tecis, HORBACH, Proventus and Chase de Vere advisors choose suitable products for customers from the market according to the Best Select approach. Swiss Life Asset Managers offers institutional and private investors access to investment and asset management solutions. Swiss Life provides multinational corporations with employee benefits solutions and high net worth individuals with structured life and pensions products.
Swiss Life Holding Ltd, registered in Zurich, was founded in 1857 as Schweizerische Rentenanstalt. The shares of Swiss Life Holding Ltd are listed on the SIX Swiss Exchange (SLHN). The Swiss Life Group employs a workforce of around 7000, with approximately 4500 certified financial advisors.
Cautionary statement regarding forward-looking information
This publication contains specific forward-looking statements, e.g. statements including terms like “believe”, “assume”, “expect” or similar expressions. Such forward-looking statements, by their nature, are subject to known and unknown risks, uncertainties and other important factors. These may result in a substantial divergence between the actual results, developments and expectations of Swiss Life and those explicitly or implicitly described in these forward-looking statements. Given these uncertainties, the reader is reminded that these statements are merely projections and should not be overvalued. Neither Swiss Life nor its Members of the Board of Directors, executive managers, managers, employees or external advisors nor any other person associated with Swiss Life or with any other relationship to the company makes any express or implied representation or warranty as to the correctness or completeness of the information contained in this publication. Swiss Life and the abovementioned persons shall not be liable under any circumstances for any direct or indirect loss resulting from the use of this information. Furthermore, Swiss Life undertakes no obligation to publicly update or change any of these forward-looking statements, or to adjust them to reflect new information, future events, developments or similar.