Forbo Holding AG Shareholders Approve All Board Proposals at Ordinary General Meeting

Forbo Holding AG announced that at its 96th Ordinary General Meeting held in Zug, all proposals by the Board of Directors were approved by a large majority of the shareholders. The approval includes a dividend payment of CHF 25 per share, to be distributed starting April 12, 2024. This meeting saw participation from 126 shareholders, representing 71.31% of the issued share capital.

The shareholders ratified the Annual Report, financial statements, Sustainability Report for the 2023 fiscal year, and also voted in favor of the remuneration report and other compensations for the Board of Directors and Executive Board. Dr. Peter Altorfer, a long-serving board member, did not seek re-election. Jörg Kampmeyer and Bernhard Merki were newly elected to the Board. KPMG Ltd was reappointed as the auditor, and René Peyer was re-elected as the independent proxy.

Forbo, a leader in the manufacture of environmentally friendly flooring products, adhesives, and conveyor technology, emphasizes sustainable production practices. The company, leveraging its global network, reported net sales of CHF 1,175.2 million for the 2023 business year. Forbo is headquartered in Baar, Switzerland and listed on the SIX Swiss Exchange.