12.01.2011
Annual General Meeting of Schaffner Holding AG approves the proposals of the Board of Directors

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Annual General Meeting of Schaffner Holding AG approves the proposals of the Board of Directors

Distribution of CHF 4.50 net per share

The 15th Annual General Meeting of Schaffner Holding AG, held on January 12, 2011, approved all proposals put forward by the Board of Directors. These included in particular the Board's proposal for a distribution in the form of a repayment (exempt from withholding tax) of CHF 4.50 per share from the capital contribution reserve. This is in line with the Board's target payout ratio of 25 percent of the net result.

The Schaffner Group's target for the current fiscal year 2010/11 of high single-digit sales growth in local currencies as well as further improvement of the operating margin remains unchanged.

Luterbach, January 12, 2011

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