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06 October 2022

Results of today’s Extraordinary General Meeting

At today’s Extraordinary General Meeting (EGM) of EFG International, shareholders approved all the motions proposed by the Board of Directors, including the election of Alexander Classen and Boris Collardi as new members of the Board of Directors with immediate effect, and the election of Alexander Classen as Chair of the Board of Directors, effective 01 November 2022.

EFG International’s shareholders approved the election of Alexander Classen and Boris Collardi as new members of the Board of Directors for a term of office until the end of the next Annual General Meeting, which is expected to take place in April 2023. They will join the Board of Directors with immediate effect, with Boris Collardi serving as a non-independent Board member. In addition, Alexander Classen has been elected as the new Chair of the Board of Directors, effective 01 November 2022, for a term of office until the end of the next Annual General Meeting. 

In view of the increase in the number of Board members, today’s Extraordinary General Meeting also approved the increase in the aggregate maximum fixed compensation of the Board of Directors from CHF 3,745,000 to CHF 4,145,000 for the term of office from the Annual General Meeting 2022 until the end of the Annual General Meeting 2023.

 

Important Disclaimer

This document has been prepared by EFG International AG (“EFG”) solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for, purchase or redeem any securities regarding EFG.

This media release includes forward-looking statements that reflect EFG’s intentions, beliefs or current expectations and projections about EFG’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve all matters that are not historical facts. EFG has tried to identify those forward-looking statements by using the words ‘may’, ‘will’, ‘would’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘project’, ‘believe’, ‘seek’, ‘plan’, ‘predict’, ‘continue’ and similar expressions. Such statements are made on the basis of assumptions and expectations which, although EFG believes them to be reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause EFG’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions in Switzerland, the European Union and elsewhere, and EFG’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. EFG and its subsidiaries, and their directors, officers, employees and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this media release and any change in EFG’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.

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