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Valora Holding AG

euro adhoc: Valora Holding AG
Annual & Special Corporate Meetings
Valora Holding AG´s shareholders approve all motions proposed to the General Meeting by the Board.

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
29.04.2008
Dividend of CHF 9 per share approved Board authorised to buy back 
Valora shares in order to reduce share capital Board members´ terms 
of office reduced to one year Bernhard Heusler to join Valora´s  
Board of Directors Rolando Benedick, Markus Fiechter, Franz Julen and
Conrad Löffel all re-elected
Valora Holding AG´s Ordinary General Meeting of Shareholders in Bern 
was attended by 419 shareholders. The shareholders attending in 
person, plus those whose shares were represented through proxies 
granted to the independent shareholders´ representative, to 
custodians´ representatives and to the company itself, represented a 
total of 1'068´503 outstanding voting shares of Valora Holding AG. 
The General Meeting of Shareholders approved all agenda items 
recommended by the Board of Directors. Full details of the votes cast
are displayed on the Valora website   
(http://www.valora.com/en/investoren/generalversammlung/index.php ).
Dividend and share buy-back The dividend of CHF 9 per share entitled 
to dividend which was proposed by the Board was approved and will be 
distributed to shareholders on May 9, 2008. The General Meeting also 
authorised the Board to buy back a maximum of 500,000 shares for the 
purpose of reducing the company´s outstanding share capital. The 
share buy-back programme will be initiated in the next months.
Elections to the Board and shorter terms of office Shareholders 
approved the Board´s proposal that Directors´ terms of office be 
reduced from three years to one year. The company´s Articles of 
Incorporation will be modified accordingly. Bernhard Heusler was 
elected to serve a one-year term of office as a new Board member. The
existing Board members Rolando Benedick, Markus Fiechter, Franz Julen
and Conrad Löffel were all re-elected for one-year terms also. The 
remaining Board members declined to stand for re-election.
New composition of the Board Committees Following the Ordinary 
General Meeting of Shareholders, the newly constituted Board of 
Directors held its first meeting, at which it appointed Rolando 
Benedick as Chairman and Markus Fiechter as Vice-Chairman. Membership
of the Board Committees was decided as follows:
Audit Comittee:
Conrad Löffel (Chairman)
Bernhard Heusler
Rolando Benedick
Nomination and Compensation Committee:
Franz Julen (Chairman)
Markus Fiechter
Rolando Benedick
CEO and Retail Division Head positions both successfully filled The 
newly appointed CEO, Dr. Thomas Vollmoeller, and the new Head of 
Valora´s Retail division, Kaspar Niklaus, presented themselves to 
shareholders at today´s Annual General Meeting. They are both not 
only recognised retail specialists but also have impressive track 
records in the field of organisational development. Valora´s 
Directors are convinced that with these appointments, and the new 
Board composition, the essential prerequisites for Valora´s long-term
and sustained success have now been met.
end of announcement                               euro adhoc

Further inquiry note:

Please address any questions relating to this media release to :

Media Relations
Stefania Misteli
Phone +41 58 789 12 01
Mobile +41 79 467 52 16
E-mail stefania.misteli@valora.com

Investor Relations
Stefan Knuchel
Phone: +41 58 789 12 20
Mobile: +41 79 430 52 45
E-mail: stefan.knuchel@valora.com

Branche: Retail
ISIN: CH0002088976
WKN: 208897
Börsen: SWX Swiss Exchange / official market
BX Berne eXchange / official dealing

Weitere Storys: Valora Holding AG
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