Based on Article 27 of Regulation 3 on measures to combat COVID-19, the board of directors of Rieter Holding Ltd. decided that shareholders can exercise their voting rights exclusively by authorising the independent proxy. Shareholders therefore could not attend the annual general meeting in person. The independent proxy represented a total of 1,986 shareholders who hold 64.4 per cent of the share capital.

The chairman of the board, Bernhard Jucker, and the members of the board of directors Hans-Peter Schwald, Peter Spuhler, Roger Baillod and Carl Illi were confirmed for an additional one-year term of office. Sarah Kreienbuhl and Daniel Grieder were newly elected to the board of directors for a one-year term of office, the company said in a press release.

Furthermore, Hans-Peter Schwald and Bernhard Jucker, the members of the remuneration committee who were standing for election, were also each re-elected for a one-year term of office. Kreienbühl was newly elected to the remuneration committee, and will take over the chair.

Shareholders also adopted all other motions proposed by the board of directors, namely the approval of the annual report, the financial statements and the consolidated financial statements for 2021, and formal approval of the actions of the members of the board of directors and those of the group executive committee in the year under review. In addition, the authorised capital was extended for a further two years.

Fibre2Fashion News Desk (RR)