Ad hoc announcement pursuant to Art. 53 LR

Moutier, 13/04/2022

Tornos Annual General Meeting approves all Board of Directors’ proposals

As a result of the extraordinary situation due to the Covid-19 pandemic, the shareholders of Tornos Holding AG could not attend the 2022 Annual General Meeting on April 13, 2022, in person. They approved all the proposals of the Board of Directors.  

The shareholders of Tornos Holding AG approved the annual report, consolidated financial statements, and financial statements for the 2021 financial year. They also agreed to the proposals to carry forward the balance sheet result to new account and to make a tax-exempt distribution of CHF 0.25 per share by means of a reduction in in the share capital.

François Frôté, Michel Rollier, Walter Fust and Till Fust were re-elected as members of the Board of Directors for a term of one year. The shareholders also confirmed François Frôté as Chairman of the Board of Directors. PricewaterhouseCoopers AG, Neuchâtel, was confirmed as statutory auditor for a further year. The shareholders also approved the total remuneration awarded to the Board of Directors and General Management for the period to the 2023 Annual General Meeting.