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Geberit : shareholders approve all proposals Media release on the General Meeting 2025
Geberit : shareholders approve all proposals Media release on the General Meeting
About this update from Geberit Ag
MEDIA RELEASE Information on the General Meeting 2025 Geberit shareholders approve all proposals Geberit AG, Rapperswil-Jona, 16 April 2025 At the 26 th ordinary General Meeting of Geberit AG in Rapperswil-Jona, all proposals submitted by the Board of Directors were approved. The shareholders approved the Financial Statements and the Annual Report (including report on non-financial matters) for 2024 and ratified a dividend of CHF 12.80 per share, which corresponds to an increase of 0.8% compared with the previous year. The dividend will be paid out on 24 April 2025. The shareholders formally approved the actions of the members of the Board of Directors for their activities during the 2024 business year. The members of the Board of Directors standing for re-election for a further year in office were re-elected. During the course of these elections, the current Chairman of the Board of Directors Albert M. Baehny was also confirmed in office. Eunice Zehnder-Lai (Chair), Thomas Bachmann and Werner Karlen were re-elected to the Compensation Committee. The constitution of the Board of Directors after the General Meeting resulted in the Audit Committee comprising the following members: Felix R. Ehrat (Chair), Werner Karlen, Bernadette Koch. Furthermore, Eunice Zehnder-Lai holds the office of Vice Chair of the Board of Directors. Based on the Ordinance against Excessive Compensation with respect to Listed Companies (OaEC), the General Meeting had to decide on proposals regarding the maximum aggregate remuneration for the members of the Board of Directors for the period until the next General Meeting, and the maximum aggregate remuneration for the Group Executive Board for the 2026 business year. The General Meeting agreed with the proposals submitted by the Board of Directors and approved the two agenda items. Furthermore, the comprehensive Remuneration Report for the 2024 business year was approved in a consultative vote. In addition, Ernst & Young AG, Zurich, was appointed as new auditors for 2025. hba Rechtsanwälte AG, Zurich, represented by Roger Müller, were re-elected as the Independent Proxy. For the detailed voting results, see → Attachment from page 3. PRESS RELEASE For further information, please contact: Geberit AG Schachenstrasse 77, CH-8645 Jona Christian Buhl, CEO Tel. +41 (0)55 221 63 46 Tobias Knechtle, CFO Tel. +41 (0)55 221 66 39 Roman Sidler, Corporate Communications & IR Tel. +41 (0)55 221 69 47 About Geberit The globally operating Geberit Group is a European leader in the field of sanitary products and celebrated its 150th anniversary in 2024. Geberit operates with a strong local presence in most European countries, providing unique added value when it comes to sanitary technology and bathroom ceramics. The production network encompasses 26 production facilities, of which 4 are located overseas. The Group is headquartered in Rapperswil-Jona, Switzerland. With around 11,000 employees in approximately 50 countries, Geberit generated net sales of CHF 3.1 billion in 2024. The Geberit shares are listed on the SIX Swiss Exchange and have been included in the SMI (Swiss Market Index) since 2012. 2 MEDIA RELEASE Attachment General Meeting Voting Results 2025 Yes votes No votes Percentage of Yes votes Agenda Item 1 Approval of the Business and Financial Review, the Financial Statements and the Consolidated Financial Statements for 202 4, acceptance of the Auditors' Reports 19'339'344 82'211 99.58 Agenda Item 2 Resolution on the appropriation of available earnings 19'370'534 98'310 99.50 Agenda Item 3 Approval of the Sustainability Report (report on non-financial matters) 2024 18'893'160 436'502 97.74 Agenda Item 4 Discharge of the Board of Directors 18'909'737 275'309 98.56 Agenda Item 5 - Elections to the Board of Directors, election of the Chairman of the Board of Directors and elections to the Compensation Committee Agenda Item 5.1 - Elections to the Board of Directors and election of the Chairman of the Board of Directors Agenda Item 5.1.1 Re-election of Albert M. Baehny as a member of the Board of Directors and as Chairman of the Board of Directors 16'843'863 1'060'775 94.08 Agenda Item 5.1.2 Re-election of Thomas Bachmann 18'984'951 465'123 97.61 Agenda Item 5.1.3 Re-election of Felix R. Ehrat 15'425'438 4'021'769 79.32 Agenda Item 5.1.4 Re-election of Werner Karlen 18'644'330 570'065 97.03 Agenda Item 5.1.5 Re-election of Bernadette Koch 19'257'889 198'341 98.98 Agenda Item 5.1.6 Re-election of Eunice Zehnder-Lai 18'389'677 1'057'640 94.56 Agenda Item 5.2 - Elections to the Compensation Committee Agenda Item 5.2.1 Re-election of Eunice Zehnder-Lai 17'867'981 1'574'410 91.90 Agenda Item 5.2.2 Re-election of Thomas Bachmann 18'817'573 631'716 96.75 MEDIA RELEASE Yes votes No votes Percentage of Yes votes Agenda Item 5.2.3 Re-election of Werner Karlen 18'722'811 721'053 96.29 Agenda Item 6 Re-election of the Independent Proxy 19'435'637 26'465 99.86 Agenda Item 7 Appointment of the Auditors 19'119'827 103'053 99.46 Agenda Item 8 - Remuneration Agenda Item 8.1 Consultative vote on the 2024 Remuneration Report 18'279'626 1'090'950 94.37 Agenda Item 8.2 Approval of the maximum aggregate remuneration amount for the members of the Board of Directors for the period until the next ordinary General Meeting 18'944'097 463'481 97.61 Agenda Item 8.3 Approval of the maximum aggregate remuneration amount for the members of the Group Executive Board for the business year 2026 17'582'467 1'825'456 90.59 2