Mar 22, 2024

Press release: ALSO Holding AG: thirteenth consecutive dividend increase +586% since 2011 (from CHF 0.70 to CHF 4.80)

The Annual General Meeting on 21 March 2024 approved an increase in the dividend by CHF 0.20 to CHF 4.80. The dividend will be paid out to shareholders from 27 March 27 2024.

All other proposals of the Board of Directors were also endorsed by a large majority, the 2023 Annual Report was approved, and the actions of the Group Management Board and the members of the Board of Directors were ratified. Peter Athanas, Walter P.J. Droege, Ernest-W. Droege, Thomas Fürer, Frank Tanski and Gustavo Möller-Hergt have been confirmed for the coming year of office. With his confirmation as Chairman of the Board of Directors, the latter will continue to be responsible for the Group's strategy and development.

As part of the planned generational change and for an even stronger focus on sales, the Group Management Board was further expanded, as announced earlier this month. The newly formed team introduced itself to the shareholders during the Annual General Meeting.

"Over the past decade, ALSO has positioned itself as a leading technology provider that vendors and resellers prefer to work with. The reason for this is our ability to navigate complexity and drive innovation, while being deeply rooted in local markets. With the new team, we will continue the path of sustainable profitable growth for customers, shareholders and the company," explains Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN).