At its Annual General Meeting held on May 25, 2023, Compagnie Financière Tradition, a Swiss interdealer broker, reported its results.
The Board of Directors has decided to start a plan to buy back up to 300,000 shares. This plan will begin in June 2023 and end in May 2026, if market conditions and legal approvals allow. These purchased shares will be traded on the SIX Swiss Exchange and, if possible, canceled with shareholder approval.
At the AGM, shareholders approved the Board of Directors’ proposal to pay a dividend. This includes a cash payment of CHF 5.50 gross per share with a nominal value of CHF 2.50, as well as one free share for every hundred shares held, to be deducted from available earnings.
The reference share price is the average of the closing prices of the bearer shares on SIX Swiss Exchange for the 20 trading days before the Annual General Meeting less the cash dividend of CHF 5.50.
This equals CHF 113.90. The taxable gross amount for the cash dividend is CHF 5.50 for every bearer share held and for the stock dividend CHF 1.14 for every bearer share.
The dividend total is CHF 49,031,068.1 and the current retained earnings is CHF 74,135,932. Minus any treasury shares that are in possession at the time the dividend is paid out (May 30th 2023).
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