The board of directors of MCH Group AG is to propose a reduction of the nominal value per share to 1 Swiss franc and the share capital to 14,869,351 Swiss francs at the annual general meeting on May 23, 2022. The amount of about 134 million francs by which the share capital will be reduced is to be transferred to capital contribution reserves.
With the proposed reduction of the nominal value, the board of directors intends to gain more flexibility in the light of the planned capital increase. The proposed reduction of the nominal value is a purely technical measure. The total equity base will remain unchanged, as does the number of shares currently issued, MCH Group reports.
„The total equity base will remain unchanged.“
The board of directors also proposes to the annual general meeting the re-election of the current members of the board of directors and the chair of the board of directors for a further financial year. It further proposes various adjustments to the articles of association to be able to introduce a new remuneration model for management with a performance share unit.