Swiss fragrances and flavours company Givaudan SA (GVDBF.PK) said Thursday that the Annual General Meeting approved a distribution to the shareholders of 36.00 swiss francs per share.
The total amount of the distribution will be made out of reserves for additional paid-in capital which Givaudan shows in its balance sheet as per the end of 2012, the company said.
The Annual General Meeting, held today, was attended by 324 shareholders or proxies, representing about 4.21 million shares (45.58% of a total of 9.23 million registered shares).
The Annual General Meeting approved the annual report and annual accounts for 2012 with 99.59% of votes and discharged the members of the Board of Directors with 97.77% of votes. With 94.74% of votes, it also approved on a consultative basis the company's compensation policy.
The Annual General Meeting also approved the removal of article 3c (contribution in kind and acquisition of assets) from Givaudan SA's articles of Incorporation.
Irina du Bois and Peter Kappeler have been re-elected in individual elections, for a term of one and three years respectively, in accordance with the Articles of Incorporation.
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