Appropriation of available earnings
The Board of Directors proposes to appropriate the profit of 2022 of Clariant Ltd in the amount of CHF 112 million as follows:
|in CHF m
|Carried forward from previous year
|Profit for the year 2022
|Total available earnings
|Voluntary retained earnings as at 31 December 2021
|Transfer to voluntary retained earnings
|Voluntary retained earnings as at 1 January 2022
|Balance to be carried forward
Proposed distribution through capital reduction by way of a par value reduction
The Board of Directors proposes (in place of an ordinary dividend) a distribution through capital reduction by way of a par value reduction of CHF 0.42 per registered share, as a result of a reduction of the par value from CHF 2.60 to CHF 2.18 per registered share.
The proposed payout would reduce the share capital by CHF 139 million. The proposed payout of the par value reduction of CHF 0.42 is subject to approval by the ordinary General Meeting of shareholders and subject to the fulfillment of the necessary requirements and the entry of the share capital reduction in the Commercial Register of the Canton of Baselland.
If approved by the Annual General Meeting the payment will be made as soon as practicable, following the expiry of the two-month period pursuant to article 733 Swiss Code of Obligations and the subsequent registration of the share capital reduction in the Commercial Register.