- Dividend payment of CHF 0.60 per share approved, representing 24% of core net income.
- Strong shareholder participation with 75.73% of voting shares represented.
- Capital structure optimization through a 10% capital band expansion.
Sandoz (SIX: SDZ; OTCQX: SDZNY) announced that its shareholders have approved all proposals put forward by the Board of Directors during the company's Annual General Meeting. The approvals included the Annual Financial Statements and Consolidated Financial Statements for the 2024 fiscal year, with a significant 75.73% of voting shares represented.
The shareholders endorsed a dividend payout of 0.60 Swiss francs per share, amounting to 24% of the core net income, with the payment scheduled for April 23, 2025. The last trading day to qualify for the dividend is April 16, 2025.
Significant changes were also approved to the company's capital structure, such as the expansion of the capital band up to 10% of share capital, along with the introduction of new conditional share capital. These measures are intended to optimize Sandoz's capital structure moving forward.
Gilbert Ghostine was re-elected as Chairman of the Board of Directors. All other board members standing for re-election were confirmed for another term, ensuring continuity in leadership. The current members of the Human Capital and ESG Committee were also re-elected, with plans to re-designate Urs Riedener as chair of the committee.
The AGM also confirmed KPMG AG as statutory auditors for the 2025 financial year, and Advoro Zurich AG as independent proxy until the 2026 AGM. Furthermore, Sandoz's registered seat will be relocated from Risch to Basel, following shareholder approval.
