The 1,089 shareholders attending the AGM voted in favor of all motions by a large majority. The proposed capital increase in the amount of approximately CHF 1.5 billion and payment of a higher gross dividend of CHF 1.15 per registered share were among the main motions approved.
Representing some 46% of the company's share capital, the 1,089 shareholders attending the 92nd Annual General Meeting of Shareholders of Holcim Ltd approved by a large majority all the motions proposed by the Board of Directors.
The key item on the agenda was the approval of a CHF 57,481,378.- capital increase from CHF 402,369,658.- to CHF 459,851,036.- through the issue of 28,740,689 fully paid-in registered shares with a par value of CHF 2.- each. Upon conclusion of the transaction, 229,925,518 fully paid-in registered shares with a par value of CHF 2.- each will therefore be outstanding. The final conditions of the capital increase which was fully underwritten on April 7, 2004 by a syndicate of banks led by UBS were announced today before the start of exchange trading. An application has been made for trading in the new registered shares to commence on virt-x on May 27, 2004.
Dutch national Onno Ruding was newly elected to the Board of Directors for a term of office of three years. He sat on the Board of Governors of the International Monetary Fund for several years, and also served as Finance Minister of the Netherlands. Currently, he is also President of the Board of the Centre for European Policy Studies (CEPS) in Brussels. Holcim Board members Rolf Soiron (Chairman), Markus Akermann and Peter Küpfer were re-elected for a further three-year term.
For information on the 2004 business year, please see the media release dated May 13, 2004 on the first quarter of 2004.
Holcim is one of the world's leading suppliers of cement, aggregates (gravel and sand), concrete and construction-related services. The Group holds majority and minority interests in more than 70 countries on all continents.
Corporate Communications: phone +41 58 858 87 10
Investor Relations: phone +41 58 858 87 87
THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF HOLCIM LTD HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.