UBS News Alert


Annual General Meeting of UBS AG

Zurich | | UBS News

UBS AG shareholders elected Kaspar Villiger, Michel Demaré, Ann F. Godbehere and Axel P. Lehmann to the Board of Directors at the Annual General Meeting (AGM) on 15 April 2009. Effective immediately, Kaspar Villiger is the Chairman of the Board of Directors. Peter R. Voser, David Sidwell, Sally Bott, Rainer-Marc Frey, Bruno Gehrig and William G. Parrett were re-elected to the Board. In addition, shareholders approved the creation of conditional and authorized capital. 4,985 shareholders attended the AGM, representing 925,014,053 votes.

At the Annual General Meeting (AGM) on 15 April 2009, UBS AG shareholders approved the annual report and the Group financial statements for 2008, agreed to offset the loss for the year against reserves and re-affirmed Ernst & Young, Basel, as auditor, and BDO Visura, Zurich, as special auditor. In addition, shareholders approved the principles and fundamentals of the new compensation model for 2009 in an advisory vote with 87.65% of votes cast.

Elections to the Board of Directors - Kaspar Villiger new Chairman
The AGM re-elected Peter R. Voser, David Sidwell, Sally Bott, Rainer-Marc Frey, Bruno Gehrig and William G. Parrett to their positions on the Board of Directors and elected Kaspar Villiger, Michel Demaré, Ann F. Godbehere and Axel P. Lehmann to their first term on the Board. Effective immediately, Kaspar Villiger is the Chairman of the Board of Directors, as was planned by the Board in the event of his election. The election results were 97.58% (Peter R. Voser), 96.97% (David Sidwell), 97.37% (Sally Bott), 95.39% (Rainer-Marc Frey), 97.25% (Bruno Gehrig), 97.44% (William G. Parrett), 97.53% (Kaspar Villiger), 97.98% (Michel Demaré), 96.94% (Ann F. Godbehere), and 97.34% (Axel P. Lehmann) of the votes cast.

Detailed curricula vitae for Kaspar Villiger, Michel Demaré, Ann F. Godbehere and Axel P. Lehmann are available at www.ubs.com/bod.


Conditional and authorized capital
Shareholders approved the creation of conditional capital related to UBS's transaction with the Swiss National Bank (SNB) with 97.27% of the votes cast. This increases the share capital by a maximum of CHF 10 million.

Shareholders also approved the creation of authorized capital with 93.38% of the votes cast. This permits the Board of Directors to increase the outstanding share capital by a maximum of 10% no later than 15 April 2011.