Schilthornbahn AG AGM Changes Format

The Schilthornbahn AG will run without the traditional way of holding the General Assembly this year. Shareholders can exercise their voting rights through an independent proxy. Contrary to what was announced, the Board of Directors proposes that a dividend payment be waived.

The spread of the corona virus has been significantly slowed down in Switzerland, but the Federal Council has not yet lifted the ban on assembly. In addition, the health and safety of guests and shareholders are at the heart of our business activities. For these reasons, the general assembly of Schilthornbahn AG cannot take place in the traditional form in Mürren. The Board of Directors has decided on June 19, 2020 for an alternative implementation in accordance with the COVID-19 regulation. Personal participation of the shareholders is excluded. However, they can exercise their voting rights through the independent proxy appointed by the Board of Directors. 

Contrary to what was stated in the letter to shareholders from the end of April 2020, the Board of Directors proposes that no dividend be distributed. However, the assessment remains unchanged:

"Despite the current corona pandemic, we believe in the tourist future and the good market position of the Schilthornbahn," says President Peter Feuz a particularly careful liquidity planning ".

The annual report, including the annual financial statements, the auditor's report and the proposal for the appropriation of available earnings will be published on the company's website from May 26, 2020. The documents are also available for inspection at the company's headquarters in Mürren.