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DDM Holding AG
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22 Jun 2021

Report from the Annual General Meeting of Shareholders of DDM Holding AG

DDM Holding AG (First North Growth Market: DDM), (the “Company”), held its Annual General Meeting (the “AGM”) today, 22 June 2021, in Zürich, Switzerland. A summary of the AGM resolutions is presented below.

Minutes of the AGM

The minutes of the AGM, including a complete account of all resolutions taken, will be available on the Company’s website http://ddm-group.ch/investors within a few days.

Election of the chairman for the day

Following the board of directors’ proposal, the AGM approved to elect Fredrik Olsson, Chief Financial Officer of DDM Holding AG as Chairman for the day.

Approval of the Annual Report, the Statutory Financial Statements and the Consolidated Financial Statements 2020

Following the board of directors’ proposal, the AGM approved the annual report, the statutory financial statements and the consolidated financial statements 2020.

Appropriation of Available Earnings 2020

The AGM resolved to carry forward the accumulated net profit of CHF 3,300,407 or EUR 2,881,995 (comprising retained profits of CHF 3,354,184 carried forward from previous years and the loss for 2020 of CHF 53,777).

Discharge of the Members of the Board of Directors and the Executive Management

Following the board of directors’ proposal, the AGM resolved to discharge all members of the board of directors and the executive management for their activities in the business year 2020.

Re-Election of Board Members

Jörgen Durban, Erik Fällström, Joachim Cato and Florian Nowotny were re-elected as members of the board of directors. The elections are each for a term of one year ending after completion of the next annual general meeting.

Election of a new Board Member

Following the board of directors’ proposal, the AGM elected Dr. Andreas Tuczka as a new member of the board of directors for a term of one year ending after completion of the next annual general meeting.

Re-Election of the Chairman

Jörgen Durban was re-elected as Chairman of the board of directors for a term of one year ending after completion of the next annual general meeting.

Re-Election of the Remuneration Committee

Jörgen Durban and Erik Fällström were re-elected as members of the remuneration committee, each for a term of one year ending after completion of the next annual general meeting.

Re-Election of the Independent Proxy

Bratschi AG (CHE-141.281.308), Zürich, Switzerland was re-elected as independent proxy for a term of one year ending after completion of the next annual general meeting.

Re-Election of the Statutory Auditors

PricewaterhouseCoopers AG (CHE‑434.873.063), Luzern, was re-elected as the statutory auditors for the business year 2021.

Consultative Vote on the Compensation Report 2020

The AGM approved, on a consultative basis and as proposed by the board of directors, the compensation report 2020.

Compensation of the Members of the Board of Directors and the Executive Management

The AGM resolved, in accordance with the proposal of the board of directors, that the remuneration of the board of directors shall not exceed a maximum of CHF 1,000,000 for the period until the end of the 2022 annual general meeting. The AGM also approved the variable compensation of the members of the executive management for the business year 2021 with a maximum aggregate amount of CHF 2,400,000 and the fixed compensation for the business year 2022 with a maximum aggregate amount of CHF 2,000,000.

Compensation for DDM Group Finance S.A.

The AGM approved, in accordance with the proposal of the board of directors, the compensation of DDM Group Finance S.A. for brokerage services provided by DDM Group Finance S.A. to the Company during the business year 2020 amounting to EUR 3,788,000.