Board of Directors proposes to the Annual General Meeting distribution of capital contribution reserves
Shareholders of Kuehne + Nagel International AG will benefit from an amendment in Swiss federal tax law (business tax reform). Effective January 1, 2011, distributions of capital contribution reserves may not be subject to income tax in case of individual shareholders having their tax domicile in Switzerland and holding their shares as private investment.
The Board of Directors of Kuehne + Nagel International AG will propose to the Annual General Meeting of May 10, 2011, to repay capital contribution reserves according to article 20 DBG to its shareholders, amounting to CHF 1.50 per share. Upon approval the payment is planned for May 17, 2011.
In addition to the proposed dividend for the business year 2010 of CHF 2.75 per share, Kuehne + Nagel shareholders will receive CHF 1.50 per share from repayment capital contribution reserves, resulting in a total payment of CHF 4.25 per share.