Results of the 2023 Annual General Meeting of UBS Group AG

Zurich, 5 April 2023 – The shareholders of UBS Group AG approved all of the Board of Directors’ proposals at the Annual General Meeting (AGM). The independent proxy represented 1 895 317 131 votes at the AGM.

The shareholders approved the management report and the consolidated and standalone financial statements of UBS Group AG for the 2022 financial year by 99.21%.

The shareholders ratified the Compensation Report 2022 in an advisory vote by 85.59%.

The shareholder ratified the UBS Sustainability Report in an advisory vote by 81.30%.

The shareholders approved the appropriation of total profit and an ordinary dividend distribution of USD 0.55 (gross) per share in cash (99.72%).

The shareholders approved all amendments to the Articles of Associations: amendments related to the General Meeting (97.48%), vote on virtual General Meetings (77.72%), amendments related to the Board of Directors, Group Executive Board and the compensation of the members of the Board of Directors and the Group Executive Board (96.65%) and general amendments (97.62%).

The shareholders approved the discharge of the members of the Board of Directors and the Group Executive Board for the 2022 financial year (excl. all issues related to the French cross-border matter) (93.77%).

The AGM confirmed Colm Kelleher, as Chairman of the Board of Directors (89.85%), Lukas Gähwiler (97.21%), Jeremy Anderson (94.39%), Claudia Böckstiegel (97.11%), William C. Dudley (97.07%), Patrick Firmenich (96.74%), Fred Hu (95.01%), Mark Hughes (97.06%), Nathalie Rachou (95.97%), Julie G. Richardson (95.58%), Dieter Wemmer (96.63%) and Jeanette Wong (96.27%) for a one-year term of office. 

The shareholders confirmed the re-elections of Julie G. Richardson (91.22%), Dieter Wemmer (95.18%) and Jeanette Wong (94.82%) for a one-year term of office.

The shareholders approved the maximum aggregate amount of compensation for the members of the Board of Directors from the 2023 AGM to the 2024 AGM (88.01%).

The shareholders approved the aggregate amount of variable compensation for the members of the Group Executive Board for the 2022 financial year (87.09%).

The shareholders approved the maximum aggregate amount of fixed compensation for the members of the Group Executive Board for the 2024 financial year (89.26%).

The shareholders approved the re-election of the independent proxy, ADB Altorfer Duss & Beilstein AG, Zurich, (99.73%) and the auditors, Ernst & Young Ltd, Basel (94.67%).

The shareholders approved the request for a capital reduction by way of the cancellation of 62,548,000 shares repurchased under the 2021 share repurchase program (99.61%). 

The shareholders approved a new 2022 share repurchase program (94.99%).

The shareholders confirmed the ordinary reduction of the share capital by way or reduction of the nominal value per share (98.95%) and change of currency of the share capital (98.17%).

UBS Group AG