Proposed appropriation of retained earnings
Proposal of the Board of Directors
The Board of Directors proposes to the Annual General Meeting of Shareholders to be held on 4 April 2018 that the available retained earnings of CHF 5,240 million as of 31 December 2017 be appropriated as follows:
In CHF million | 31.12.2017 | |
---|---|---|
Appropriation of retained earnings | ||
Retained earnings from previous year | 6,182 | |
Ordinary dividend 1 | (1,140) | |
Balance carried forward from prior year | 5,042 | |
Net income for the year | 197 | |
Change in treasury shares | 1 | |
Retained earnings available to the Annual General Meeting | 5,240 | |
Ordinary dividend of CHF 22.00 per share on 51,801,319 shares 1 | (1,140) | |
Balance to be carried forward | 4,100 | |
1 Excluding treasury shares.
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In the event that the proposal is approved, a dividend per share will be paid to shareholders on 10 April 2018 as follows:
Per registered share | CHF | |
---|---|---|
Ordinary dividend, gross | 22.00 | |
Less 35% withholding tax | (7.70) | |
Net dividend payable | 14.30 |