GENEVA, Switzerland – May 20, 2021 – Temenos (SIX: TEMN), the banking software company, today held its 20th Annual General Meeting (AGM) without shareholders ‘attendance due to the ongoing COVID-19 pandemic. 46,467,843 shares were represented by the independent proxy holder.
In particular, the shareholders elected by a large majority Mr. James Benson as new independent/non-executive member of the Board of Directors as well as new member of the Compensation Committee.
For the 10th consecutive year, shareholders approved a dividend increase to CHF 0.90 per share in respect of the year ending on 31 December 2020. This distribution shall be declared approximately one third out of the general reserve from capital contributions and the balance out of the retained earnings. It constitutes a reflection of the growing maturity of the company and the strength of its cash flow.
The shareholders approved also the 2020 financial statements, the new authorized capital as well as the 2022 compensation for the Board of Directors and separately for the Executive Committee. Finally, shareholders re-elected all the members of the Board of Directors, including its Chairman, standing for re-election. The independent proxy holder as well as the auditors were also re-elected