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Results of the Annual General Meeting of UBS Group AG
UBS shareholders approved all the Board of Directors' proposals at today's Annual General Meeting in Basel. Shareholders confirmed the Chairman of the Board of Directors in office and those members of the Board who stood for re-election and elected Jes Staley as a new member of the Board. They approved the Board's proposal to distribute an ordinary dividend and a one-time supplementary capital return. They approved the proposals relating to the remuneration of the members of the Board of Directors and the Group Executive Board and accepted the Compensation Report 2014. 1,361 shareholders attended the meeting, representing 2,168,044,325 votes.
Zurich/Basel, 7 May 2015 – Shareholders approved the Annual Report and Consolidated Financial Statements for 2014 of UBS Group AG at today's Annual General Meeting. They confirmed Ernst & Young AG, Basel, as auditors, BDO AG, Zurich, as special auditors, and ADB Altorfer Duss & Beilstein AG, Zurich, as the independent proxy. Shareholders also approved the distribution of a dividend of CHF 0.50 per share (99.59%) for the financial year 2014 from capital contribution reserves and a one-time supplementary capital return of CHF 0.25 per share (99.57%) following completion of the acquisition of all shares in UBS AG by UBS Group AG.
Compensation Report approved
In an advisory vote, shareholders (88.09%) approved the Compensation Report for 2014.
Shareholders approved the discharge of the members of the Board of Directors and the Group Executive Board for the 2014 financial year (88.90%).
Aggregate amount of variable compensation for the Group Executive Board approved
Shareholders approved the aggregate amount of variable compensation for the members of the Group Executive Board for the financial year 2014 (89.73%).
Maximum aggregate amount of fixed compensation for the Group Executive Board approved
Shareholders approved the maximum aggregate amount of fixed compensation for the members of the Group Executive Board for the financial year 2016 (94.92%).
Maximum aggregate amount of compensation for the Board of Directors approved
Shareholders approved the maximum aggregate amount of compensation for the members of the Board of Directors from the 2015 Annual General Meeting to the 2016 Annual General Meeting (91.69%).
Elections to the Board of Directors
The Chairman of the Board of Directors, Axel A. Weber (94.92%), and fellow Board members Michel Demaré (96.82%), David Sidwell (96.64%), Reto Francioni (96.87%), Ann F. Godbehere (96.83%), Axel P. Lehmann (96.77%), William G. Parrett (92.17%), Isabelle Romy (97.20%), Beatrice Weder di Mauro (97.15%) and Joseph Yam (96.76%) were all confirmed in office and Jes Staley was elected as a new member of the Board of Directors (97.03%). Detailed CVs of all the members of the Board of Directors are available at www.ubs.com/bod.
Helmut Panke left the Board at this year's AGM having served as a member for 11 years. UBS would like to thank him for his valuable contributions to the firm and wishes him all the best for the future.
Elections to the Human Resources and Compensation Committee
Shareholders elected Ann F. Godbehere (96.58%), Michel Demaré (96.54%), Reto Francioni (96.53%) and Jes Staley (97.00%) to the Human Resources and Compensation Committee.
Annual General Meeting of UBS AG
Prior to the UBS Group AG AGM, the shareholders of UBS AG voted on broadly the same agenda items. They were all approved with over 98% of the votes represented. In addition, the shareholders approved the optional distribution of a dividend of CHF 0.50 per share from capital contribution reserves, to be paid either in cash or in the form of UBS AG shares of equal value. In connection with this, they also approved the creation of a new conditional capital of up to CHF 5 million (corresponding to up to 50 million new shares).
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