Monday, April 14, 2008
Ordinary Annual General Meeting of Julius Baer Holding Ltd.
At today's Ordinary Annual General Meeting of Julius Baer Holding Ltd., an unchanged gross pidend of CHF 0.50 per registered share, a share buyback programme for the years 2008-2010 in the maximum amount of CHF 2 billion as well as a capital reduction by cancelling 12 222 222 Julius Baer registered shares, equalling 5.5% of the Company's share capital, were approved among other proposals. Peter Kuepfer and Charles G.T. Stonehill were reelected for another term of office.
In detail, the Ordinary Annual General Meeting 2008 of Julius Baer Holding Ltd. passed the following resolutions:
The annual report, the financial statements and the Group accounts for the year 2007 were approved.
The appropriation of the disposable profit with a gross pidend of CHF 0.50 per registered share was approved, with payment as of 18 April 2008.
The members of the Board of Directors were discharged for the 2007 financial year.
Peter Kuepfer and Charles G.T. Stonehill were reelected for another three-year term of office.
KPMG Ltd., Zurich, was elected as statutory and Group auditors for another one-year period.
Capital reduction by cancelling 12 222 222 Julius Baer registered shares held by the Company itself was approved.
The share buyback programme for the years 2008-2010 in the maximum amount of CHF 2 billion was approved.
The Chairman's address by Raymond J. Baer and the presentation by Johannes A. de Gier, Group CEO, are available at www.juliusbaer.com.
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The periodic Interim Management Statement of the Julius Baer Group complying with the rules introduced by the 'Directive on the Requirements of Maintaining Listing on the SWX "EU Compatible" Segment' will be released on 9 May 2008 and the 2008 half-year results of the Julius Baer Group on 23 July 2008 (instead of 28 July 2008 as previously announced).