In view of the steady profitability level and given that prospects look promising, the Annual General Meeting decided on an unchanged dividend of CHF 3.00 per bearer share and CHF 0.60 per registered share. This represents a pay-out ratio of 43.1% of the adjusted net result. The dividend will be paid as from 17 March 2020 upon presentation of Coupon No. 14. On 13 March 2020, the
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