Cham Paper shareholders vote to waive dividend due to company situation, elects Urs Ziegler as new vice chairman of the board replacing René Furler, elects Niklaus Peter Nüesch as new member of board
Kendall Sinclair
CHAM. Switzerland
,
April 25, 2012
(press release)
–
The 100th General Meeting of Shareholders of Cham Paper Group Holding AG took place today in Hünenberg. At this General Meeting of Shareholders a total of 66.69% of the voting share capital was represented.
All the proposals submitted by the Board of Directors were adopted by a clear majority. In particular the shareholders accepted the dividend waiver proposed by the board on account of the extraordinary situation in which the company currently finds itself.
After serving a term spanning the last twelve years, Dr. René Furler withdrew from the Board of Directors. Urs Ziegler will be taking over the office of vice chairman of the board. Niklaus Peter Nüesch was newly elected to the board. All the other board members were confirmed in office for another one-year term.
The 101st General Meeting of Shareholders will take place on 24 April 2013.
Cham Paper Group
Cham Paper Group is a leading manufacturer of coated speciality papers. The group generates value added for its customers by providing finishing-based functional capabilities. Founded in 1657, at its three locations in Switzerland and Italy the company develops and manufactures speciality papers for use in the consumer goods, industrial release and digital imaging sectors. The consumer goods sector encompasses papers for flexible packaging and base papers for label printing in the food, non-food, tobacco, beverage and pharmaceutical industries. In terms of the industrial release sector, Cham Paper Group supplies silicone-base papers for release liners used in graphical applications and for adhesive tapes and labels. The company also supplies base papers for process liners used in industrial casting and laminating process applications. Facestock papers for the self-adhesive industry round off the range. In addition to large-format inkjet papers for indoor and outdoor applications, the digital imaging sector also includes sublimation papers for digital textile printing. Cham Paper Group has benefited from the trend for sustainable products and is well established on the market thanks to the company's technological innovation. Cham Paper Group (stock exchange symbol: CPGN) is listed on the SIX Swiss Exchange as an independent company.
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