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Temenos publishes 2012 annual report and 2013 AGM agenda

GENEVA, Switzerland – 19 April 2013 – Temenos (SIX: TEMN), the market leading provider of mission critical software to the financial services industry, today announces publication of its 2012 annual report and the agenda for its upcoming AGM on 24 May 2013. 

The 2012 annual report has been published today and is available below, along with the agenda for the Temenos’ 2013 AGM in both English and French.


As part of the AGM agenda, Temenos will seek the nomination of Erik Hansen to its Board of Directors as a Non-Executive Director. Mr Hansen is a recognised software industry veteran with over 30 years of experience as a senior executive at leading software companies.

Mr Hansen is currently executive Chairman of the Board of Myriad Group AG having previously been CEO and Board Member at Day Software (2008-2011) which was acquired by Adobe in 2010. Prior to this, Mr Hansen held several senior leadership roles at companies including TIBCO Software (2000-2004), TA Triumph Adler (1994-1997) and Apple (1990-1994), both in Europe and in the United States. Mr. Hansen was born in 1952 and is a Danish citizen. 

In addition, Temenos will also seek shareholder approval for its first ever dividend payment. The proposed dividend in respect of the year 31 December 2012 is CHF0.28 (USD0.30) per share. Temenos is committed to distributing a sustainable to growing dividend. 

Commenting on the nomination of Erik Hansen, Andreas Andreades, Chairman of the Temenos Board of Directors, said: “Mr. Hansen has a long and distinguished history in the software industry. His skills and experience will be of tremendous benefit to Temenos both from a corporate governance perspective and in informing and helping us to deliver our strategic plan for the business.” 

Mr Andreades added: “Declaring our first dividend is a major milestone for the company. Temenos has an established leadership position, is highly cash generative and has a strong balance sheet which enables investment in the business, including industry leading R&D spend, and funding for targeted acquisitions whilst also allowing us to return value to shareholders. We therefore believe that the time is right to initiate an annual dividend payment.”