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LEM's shareholders approve all resolutions proposed by LEM's Board of Directors(Tensid Regulatory Via Acquire Media NewsEdge) PRESS RELEASE LEM's shareholders approve all resolutions proposed by LEM's Board of Directors Fribourg, 26 June 2014 - LEM (SIX: LEHN), the market leader in providing innovative and high quality solutions for measuring electrical parameters, announces the results of the Shareholders' Meeting that took place today in Fribourg. A strong majority of LEM shareholders followed the Board of Directors' recommendations. All five members of the Board of Directors standing for another term of office of one year were re-elected. Andreas Hürlimann was re-elected as Chairman of the Board. The dividend of CHF 40.00 per share will be paid out on 4 July 2014. At today's Ordinary Shareholders' Meeting 27 shareholders were present at the meeting and 861'305 shares representing 75.6% of the share capital cast their vote. LEM's shareholders approved the annual report, the consolidated financial statements and the annual financial statements as at 31 March 2014, as well as the dividend proposal of CHF 40.00. Shareholders granted discharge to the Board of Directors and the Executive Management. In accordance with the Swiss ordinance "Against Excessive Compensation in Public Corporations", Andreas Hürlimann was re-elected as member and Chairman of the Board of Directors for a term of office of one year. Ilan Cohen, Norbert Hess, Peter Rutishauser and Ueli Wampfler were re-elected as members of the Board of Directors for another term of office of one year. In addition, shareholders elected Norbert Hess and Peter Rutishauser to the Compensation Committee. The committee will be chaired by Peter Rutishauser. The shareholders strongly supported all other motions proposed by the Board of Directors, including among others the consultative approval of the compensation report and the revision of the Articles of Association to align them with the requirements of the ordinance "Against Excessive Compensation in Public Corporations". The minutes of the shareholders' meeting will be published on LEM's website www.lem.com>Investor Relations<Shareholders' meeting as soon as available. Financial calendar The financial year runs from 1 April to 31 March 1 July 2014 4 July 2014 12 August 2014 13 November 2014 17 February 2015 4 June 2015 25 June 2015 30 June 2015 2 July 2015 Dividend ex-date Dividend payment date First quarter results 2014/15 Half-year results 2014/15 Third quarter results 2014/15 Year-end results 2014/15 Ordinary Shareholders' Meeting for the year 2014/15 Dividend ex-date Dividend payment date LEM - At the heart of power electronics LEM is the market leader in providing innovative and high quality solutions for measuring electrical parameters. Its core products - current and voltage transducers - are used in a broad range of applications in drives & welding, renewable energies & power supplies, traction, high precision, conventional and green cars businesses. LEM's strategy is to exploit the intrinsic strengths of its core business, and to develop opportunities in existing and new markets with new applications. LEM is a mid-size, global company with approximately 1'200 employees worldwide. It has production plants in Beijing (China), Geneva (Switzerland), Sofia (Bulgaria) and Machida (Japan). With regional sales offices near its customers' locations, the company is able to offer a seamless service around the globe. LEM has been listed on the SIX Swiss Exchange since 1986; the company's ticker symbol is LEHN. www.lem.com For further information please contact Julius Renk (CFO) Phone: +41 22 706 1250 Email: [email protected] Press release (pdf) ProviderChannelContactTensid Ltd., Switzerland www.tensid.chnewsbox.ch www.newsbox.chProvider/Channel related enquiries [email protected] +41 41 763 00 50 (c) 2014 Tensid Ltd., Switzerland. |