Compagnie Financière Tradition: Dividend 2021 approved
Dividend 2021
The Annual General Meeting of Compagnie Financière Tradition SA, Lausanne («CFT») on 19 May 2021 approved the proposal of the Board of Directors to distribute a dividend in the form of a cash dividend and a distribution of treasury shares held by CFT («dividend»).
The dividend 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, to be deducted from the legal reserve from capital contributions («stock dividend»).
Compagnie Financière Tradition: Voting result of the Annual General Meeting and dividend
Voting result of the Annual General Meeting and dividend
The Annual General Meeting held on May 19, 2021 at 3.30 pm approved the proposal of the Board of Directors published in the Swiss Official Gazette of Commerce on April 28, 2021.
Further to this meeting, Compagnie Financière Tradition SA is pleased to announce the election of Mr. Alain Blanc-Brude, as a new Director.
Moreover, the dividend 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»).
Compagnie Financière Tradition: Full Year Results 2020
growth of 2.4% at constant exchange rates
Adjusted operating profit before exceptional items
of CHF 111.0m
Cash dividend of CHF 5.0 per share;
exceptional distribution of treasury shares
(1:75 from capital contribution reserve)
CHF m
Variation at constant exchange rates
Reported (IFRS) 111.0 11.3%
Overview
Business activities in 2020 took place against an unfolding health crisis caused by the COVID-19 pandemic, with strong divergences from one period to the next. Indeed, after a first half-year showing strong growth with an increased volatility in the financial markets driving business volumes, notably in March. The Group subsequently observed a decrease in activity during the summer months, and more particularly in August. There was a renewed activity in November and December, with the prospect of the US elections which has not created additional volatility as could have been expected.