Rieter Annual General Meeting 2024

Shareholders Adopt All Motions Proposed by the Board of Directors

• Distribution of a dividend of CHF 3.00 per share approved
• Remuneration Report 2023 and future remuneration of Board of Directors and Group Executive Committee formally accepted
• All members of the Board of Directors who stood for re-election were elected
• Thomas Oetterli newly appointed Chairman of the Board of Directors
• Jennifer Maag newly appointed to the Board of Directors
• Amendments to the Articles of Association approved

On April 17, 2024, 312 shareholders, who represent 68.7% of the share capital, attended the 133rd Annual General Meeting of Rieter Holding Ltd.

Dividend

The shareholders approved the proposal of the Board of Directors to distribute a dividend of CHF 3.00 per share. The dividend for the 2023 financial year will be paid on April 23, 2024.

Annual Report, Financial Statements, Consolidated Financial Statements and Remuneration Report

The shareholders also adopted all other motions proposed by the Board of Directors, namely approval of the annual report, financial and consolidated financial statements for 2023. Moreover, they formally approved the actions of the members of the Board of Directors and those of the Group Executive Committee in the year under review.

By way of two separate consultative votes, the shareholders approved both the 2023 Remuneration Report and the 2023 report on non-financial matters.

Remuneration of the Members of the Board of Directors and the Group Executive Committee

In two separate binding votes, the proposed maximum total remuneration of the members of the Board of Directors and the Group Executive Committee for the 2025 financial year was approved.

Election to Board of Directors

The members of the Board of Directors who were standing for election – Peter Spuhler, Hans-Peter Schwald, Roger Baillod, Carl Illi, Sarah Kreienbühl, Daniel Grieder and Thomas Oetterli – were confirmed for a further one-year term of office. In addition, Jennifer Maag was newly elected to the Board of Directors for a term of office.

Chairman of the Board of Directors Bernhard Jucker was no longer available to stand for re-election. The general meeting elected Thomas Oetterli as Chairman of the Board of Directors.

The members of the Remuneration Committee who were standing for election – Sarah Kreienbühl and Hans-Peter Schwald – were re-elected for a one-year term of office. Daniel Grieder was newly elected to the Remuneration Committee.

Amendments to the Articles of Association

The shareholders further approved the proposals of the Board of Directors to amend the Articles of Association of Rieter Holding Ltd.

About Rieter
Rieter is the world’s leading supplier of systems for manufacturing yarn from staple fibers in spinning mills. Based in Winterthur (Switzerland), the company develops and manufactures machinery, systems and components used to convert natural and man-made fibers and their blends into yarns in the most cost-efficient manner. Cutting-edge spinning technology from Rieter contributes to sustainability in the textile value chain by minimizing the use of resources. Rieter has been in business for more than 225 years, has 18 production locations in ten countries and employs a global workforce of around 5 100, about 16% of whom are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under ticker symbol RIEN. www.rieter.com.

Disclaimer
All statements in this report which do not refer to historical facts are forecasts which offer no guarantee whatsoever with respect to future performance; they embody risks and uncertainties which include – but are not confined to – future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors which are outside the company’s control. This text is a translation of the original German text.