SIG Annual General Meeting 2022

At the Annual General Meeting, the shareholders of SIG voted in favour of all the Board of Directors’ proposals.

236,543,717 votes or about 70.08 percent of the share capital were represented at SIG’s Annual General Meeting (“AGM”).  Given the continuing high number of COVID-19 cases, the Company took the decision, in accordance with Ordinance 3 of the Swiss Federal Council, to hold the meeting without the physical presence of shareholders.  However, shareholders were able to exercise their voting rights by providing instructions to the independent proxy. Shareholders also had the opportunity to submit questions in advance and to follow the event by webcast or telephone.

The AGM approved all proposals, including:

• A cash dividend of CHF 0.45 per registered share, to be paid out of capital contribution reserves. The payment of the dividend is scheduled for 14 April 2022.
• The maximum aggregate amount of compensation of the Board of Directors until the 2023 AGM and of the Group Executive Board for the financial year 2023 and, in a non-binding advisory vote, the Compensation Report 2021.
• The change in the Company’s name from SIG Combibloc Group AG to SIG Group AG. The new name reflects the expansion of the business to include bag-in-box and pouch solutions. 
• A replenishment in the authorised share capital contingent upon consummation of the acquisition of Scholle IPN having occurred or being imminent.

The AGM further re-elected all of the eight incumbent members of the Board of Directors standing for re-election, elected Laurens Last as a new member and re-elected all members of the Compensation Committee, each for a one-year term.  Andreas Umbach was confirmed as Chairman of the Board of Directors for a one-year term. The AGM further re-elected all members of the Board of Directors and of the Compensation Committee, elected Martine Snels and Abdallah al Obeikan as new members of the Board of Directors and confirmed Andreas Umbach as Chairman of the Board of Directors for a one-year term.