Interdealer broker Compagnie Financière Tradition has scheduled its Annual General Meeting. It will be held at the Hotel Beau-Rivage Palace, Lausanne, on Tuesday, 24 May 2022.

The Board of Directors proposes that Mr Patrick Combes be re-elected as Chairman of the Board for a term of one year.

On his return from New York in 1979, Patrick Combes took over VIEL & Cie, gradually transforming the Company through organic and acquisition-led growth, first in France and then on the international level, into a global player on the world’s financial markets. In 1996, when VIEL & Cie took control of Compagnie Financière Tradition S.A., he became Chairman of the Board of Directors. Patrick Combes is a Knight of the Legion of Honour.

Also, the Board of Directors proposes that each of the following members of the Remuneration Committee who are standing for re-election be individually re-elected and elected to office for a term of one year:

• Mr Robert Pennone
• Mr Christian Goecking

The Board proposes that shareholders approve the maximum aggregate compensation for Directors for the 2023 calendar year, namely CHF 290,000. The maximum aggregate compensation for the members of the Executive Board for the 2023 calendar year is set to be capped at CHF 17,000,000.

Last year, the cap was the same.

The Board of Directors is proposing the distribution of a dividend in the form of (1) a cash dividend and (2) a distribution of treasury shares held by the Company, on the following terms:

1. Each Compagnie Financière Tradition S.A. Bearer share held at the close of trading on the day immediately preceding the ex-dividend date, scheduled for 27 May 2022, shall entitle the bearer to receive a cash payment of CHF 5.00 per bearer share with a nominal value of CHF 2.50, up to a maximum of 7,654,385 shares (excluding treasury shares held by the Company at the date of the General Meeting).
2. The holder of each Compagnie Financière Tradition S.A. bearer share held at the close of trading on the business day immediately preceding the ex-dividend date, scheduled for 27 May 2022, shall be allotted one bearer share of Compagnie Financière Tradition S.A. for every 200 shares held, to be deducted from the general reserve, and one bearer share for every 200 shares held, to be deducted from the reserve from capital contributions, subject to certain restrictions.