Shareholders of Compagnie Financière Tradition approve dividend payment
Interdealer broker Compagnie Financière Tradition has reported the voting results of the Annual General Meeting (AGM) held on May 19, 2021.
Shareholders of CFT approved the proposal of the Board of Directors published in the Swiss Official Gazette of Commerce on April 28, 2021.
The proposed dividend was approved. It consists of a cash payment of a gross amount of CHF 5.00 («cash dividend») per bearer share of CFT with a nominal value of CHF 2.50 («bearer share(s)») and the distribution of one bearer share for every 75 bearer shares held («stock dividend»).
The reference share price corresponds to the average of the closing prices of the bearer shares on SIX Swiss Exchange for the 20 trading days preceding the date of the Annual General Meeting (i.e. from 20 April to 18 May 2021), less the gross amount of the cash dividend of CHF 5.00, i.e. CHF 114.58.
The taxable gross amount for the cash dividend is CHF 5.00 for every bearer share held and for the stock dividend CHF 1.53 (reference share price divided by 75) for every bearer share held. The stock dividend is not subject to the federal withholding tax.
The total amount of the dividend is CHF 48,378,151.47 and the available retained earnings carried is CHF 74,865,005.00, subject to the amount of treasury shares held at the coupon detachment date (on 21 May 2021).