DGAP-Adhoc: HOCHDORF Holding AG: Dividend increase to CHF 3.20 confirmed

HOCHDORF Holding AG  / Key word(s): AGM/EGM

09.05.2014 21:30

Release of an ad hoc announcement pursuant to Art. 53 KR

Hochdorf, 9 May 2014 - The 325 shareholders in attendance at the HOCHDORF
Holding Ltd. Annual General Meeting approved all the motions submitted by
the Board of Directors. The dividend increase to CHF 3.20 was therefore
accepted, as was the recommended capital increase by a nominal CHF 4.5
million, which is equivalent to 450,000 registered shares at a nominal
value of CHF 10.0.

The AGM was led by Hans-Rudolf Schurter, outgoing Chairman of the Board of
Directors of HOCHDORF Holding Ltd., and a total of 325 shareholders with a
total of 515'125 votes (66.9 per cent of the votes) were in attendance. The
ballot was conducted electronically for the first time. These and other
changes were undertaken in the context of the "Ordinance Against Excessive
Compensation in Listed Stock Corporations" (VegüV) that came into effect on
1 January 2014.

All the motions tabled by the Board of Directors were endorsed by the
shareholders. The 2013 Annual Report, group accounts and annual accounts
for HOCHDORF Holding Ltd. as of 31 December 2013 were all ratified and the
actions of the members of the Board of Directors were approved.
Furthermore, the capital increase requested by the Board of Directors from
CHF 9 million to CHF 13.5 million share capital in the form of approved
capital was also accepted.

Dividend increase
The shareholders also voted in favour of the request to provide a dividend
of CHF 3.20, which is a dividend increase of CHF 0.20 per registered share.
As in previous years the dividend will be paid out of capital investment
reserves. The dividend will be paid out on 16 May 2014.

Changed conversion price of the conversion loan
In accordance with point 4.5.4 of the terms and conditions of the HOCHDORF
Holding Ltd. conversion loan, the conversion price for the conversion loan
will be adjusted in the context of the higher dividend with effect from 13
May 2014. The new conversion price is now CHF 123.80 (previously CHF
124.00). A bond of CHF 5,000 nominal value can be converted, exempt from
charges and at any time up to and including 12 May 2016 or up to five
working days before the time of an early repayment, into registered shares
of HOCHDORF Holding Ltd. at the new conversion price of CHF 123.80.

A new Board was elected this year in accordance with the Group's statutes.
Each member was only elected for a period of one year in office, in line
with the Ordinance Against Excessive Compensation in Listed Stock
Corporations (VegüV). Meike Bütikofer, Josef Leu, Urs Renggli and Anton von
Weissenfluh were confirmed in their roles as members of the Board of
Directors. Josef Leu was also elected as the new Chairman of the Board of
Directors. Dr Walter Locher, Niklaus Sauter and Prof. Holger Till were all
elected as new members of the Board of Directors.

The shareholders also voted Anton von Weissenfluh (chairperson), Josef Leu
and Niklaus Sauter onto the Compensation Committee. Dr. Urban Bieri was
elected as independent proxy for the period up to and including the 2015
Annual General Meeting. The AGM also confirmed Ernst & Young AG, Lucerne,
as the new auditing agency for the same period of time.

Well-earned retirement
The Annual General Meeting respectfully confirmed the retirement of
Hans-Rudolf Schurter (Chairman of the Board of Directors) and Rolf
Schweiger (Board of Directors). Hans-Rudolf Schurter and Rolf Schweiger are
retiring after 18 and 12 very active years respectively. Both have devoted
considerable time to the HOCHDORF Group during their time in office and led
the Group through some very intensive changes.

Review and outlook
The HOCHDORF CEO, Dr Thomas Eisenring, outlined the main strategic
objectives for 2014 - 2018 and explained the reasoning behind the request
for a capital increase. He highlighted the very successful start made by
the HOCHDORF Group in the new business year: "In the first three months of
the year we have significantly exceeded both projected turnover growth of
around 10 per cent at Group level and the nominal EBIT value." As one
example, the Group processed 114.1 million kg of milk, whey and permeate in
the months January to March (previous year: 96.9 million kg; +17.8%).

HOCHDORF Group key figures (unchecked)

                                             Jan-March  Jan-March
CHF (thousands)                                   2014       2013    Change
Gross sales revenues                           111,578     88,317    +26.3%
Gross results                                   24,053     19,979    +20.4%
Earnings before interest, tax, depreciation
and amortisation (EBIDTA)                        6,379      2,419   +163.7%

as % of production revenue                         5.4        2.6
Earnings before interest and tax (EBIT)          4,585        451   +916.0%

as % of production revenue                         3.9        0.5
Company results                                  3,439     -1,687      n.a.

as % of production revenue                         2.9       -1.8
Earned capital (cash flow)                       6,032      1,294   +366.2%

as % net sales revenue                            5.48       1.48


Information and Explaination of the Issuer to this News:

The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross sales
revenue of CHF 376.1 million in 2013. It is one of the leading foodstuffs
companies in Switzerland, employing 362 staff as of 31.12.13 (338 full-time
staff). Made from natural ingredients such as milk and wheat germ, HOCHDORF
products have been contributing to our health and wellbeing since 1895 -
from babies to senior citizens. Its customers include the food industry and
the wholesale and retail sectors and its products are sold in over 70
countries. The shares are traded on the SIX Swiss Exchange in Zurich (ISIN

09.05.2014 News transmitted by EQS Schweiz AG.
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Language:               English
Company:                HOCHDORF Holding AG
                        Siedereistrasse 9
                        6281 Hochdorf
Phone:                  +41 41 914 65 65
Fax:                    +41 41 914 66 66
E-mail:              hochdorf@hochdorf.com
Internet:            www.hochdorf.com
ISIN:                   CH0024666528
Listed:                 SIX

End of Announcement                             EQS Group News-Service



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