ABB Shareholders Approve All Proposals At Annual General Meeting
ABB Ltd (ABB)
Last abb ltd earnings: 7/25 12:46 am
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Source: Business Wire
– Payout of dividend approved– Re-election of Chairman and all Board members– Board and EC compensation approved ZURICH--(BUSINESS WIRE)--The shareholders of ABB have approved all the proposals by the company’s Board of Directors at its 2020 Annual General Meeting held in Dübendorf, Switzerland. The event took place under extraordinary conditions, and in line with the COVID-19 Ordinance 2 of the Swiss Federal Council shareholders were not allowed to attend in person. On March 9, 2020, ABB had already recommended shareholders to give voting instructions to the independent proxy in order to protect themselves and others. The independent proxy represented 80.05 percent of the share capital with a right to vote.The shareholders supported the proposed distribution of a dividend of CHF 0.80 per share with 99.81 percent of the votes. The dividend payment in Switzerland is planned for April 1, 2020. The shareholders also approved the management report, the consolidated financial statements
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