I N V I T A T I O N * 1

Transcription

1 I N V I T A T I O N * 1 (Translation) to the Shareholders of Kuehne + Nagel International AG Schindellegi, April 2015 Dear Shareholders, The Board of Directors of Kuehne + Nagel International AG invites you to the Annual General Meeting of Shareholders to be held on Tuesday, 5 May, 2015 at am in the Sports Arena Schulhausstrasse 10 CH Schindellegi/SZ Please find enclosed the agenda and the proposals of the Board of Directors. 1 * Please note that only the German text of the Invitation is binding

2 Agenda Items Welcome and introductions 1. Approval of the annual report, the annual financial statements and the consolidated financial statements for the business year 2014 The Board of Directors proposes to approve the annual report, the annual financial statements and the consolidated financial statements for the business year Resolution Regarding the Appropriation of the Balance Sheet Profit The Board of Directors proposes to allocate the net profit for the business year 2014 of CHF as follows: - Payment of a dividend of CHF 4.00 gross and a special dividend of CHF 3.00 gross, which means a total of CHF 7.00 gross per share with CHF 1.00 nominal value less 35% Swiss withholding tax = CHF 4.55 net - Carry forward onto new account (net profit less dividend payments) Upon approval payment of the dividend for the business year 2014 will be effected as of 12 May Discharge of the members of the Board of Directors and the members of the Management Board The Board of Directors proposes the discharge of its members and of the members of the Management Board for the business year Elections According to the Ordinance against excessive compensation in listed corporations [German: Verordnung gegen übermässige Vergütungen bei börsenkotierten Aktiengesellschaften (VegüV)], additional to the Board Members, the Chairman of the Board of Directors, the members of the Remuneration Committee and the Independent Proxy shall be elected by the Annual General Meeting. 4.1 Re-election of the members of the Board of Directors a) The Board of Directors proposes to re-elect Dr. Renato Fassbind to the Board of Directors for a new b) The Board of Directors proposes to re-elect Juergen Fitschen to the Board of Directors for a new tenure of one year until the end of the next ordinary Annual General Meeting. c) The Board of Directors proposes to re-elect Karl Gernandt to the Board of Directors for a new d) The Board of Directors proposes to re-elect Klaus-Michael Kuehne to the Board of Directors for a new e) The Board of Directors proposes to re-elect Hans Lerch to the Board of Directors for a new f) The Board of Directors proposes to re-elect Dr. Thomas Staehelin to the Board of Directors for a new

3 g) The Board of Directors proposes to re-elect Dr. Martin Wittig to the Board of Directors for a new h) The Board of Directors proposes to re-elect Dr. Joerg Wolle to the Board of Directors for a new i) The Board of Directors proposes to re-elect Bernd Wrede to the Board of Directors for a new 4.2 Re-election of the Chairman of the Board of Directors The Board of Directors proposes to re-elect Karl Gernandt as Chairman of the Board of Directors for a new 4.3 Re-election of the members of the Remuneration Committee a) The Board of Directors proposes to re-elect Karl Gernandt as member of the Remuneration b) The Board of Directors proposes to re-elect Klaus-Michael Kuehne as member of the Remuneration Committee for a new tenure of one year until the end of the next Annual General Meeting. c) The Board of Directors proposes to re-elect Hans Lerch as member of the Remuneration d) The Board of Directors proposes to re-elect Dr. Joerg Wolle as member of the Remuneration e) The Board of Directors proposes to re-elect Bernd Wrede as member of the Remuneration 4.4 Re-election of the Independent Proxy The Board of Directors proposes to re-elect Kurt Gubler, Investarit AG, Zurich, as Independent Proxy for a 4.5. Re-election of the Statutory Auditors The Board of Directors proposes to re-elect Ernst & Young AG, Zurich, as Statutory Auditors for the business year Amendment of Articles of Association 5.1 Reduction of Nominal Value for a Conditional Increase in Capital for the Purposes of Employee Share Participation The Board of Directors proposes to reduce the nominal value for a conditional increase in capital in Article 3.5 of the Articles of Association from CHF to CHF as well as the maximum number of registered shares of a par value of CHF 1.00 each from to Article 3.5 will then read as follows: 3.5 The company s share capital may increase by a maximum of CHF by issuance of up to registered shares with a nominal value of CHF 1 each for the purposes of share participation of employees of the company or of one of its affiliated companies. Shareholders subscription rights are excluded. The employees participation will be governed by rules set out by the Board of Di-

4 rectors. For this particular purpose shares may be issued below market value. The purchase of shares by employees as well as each subsequent assignment of these shares is subject to the restrictions of Art. 4 of these Articles of Association. 5.2 General Amendments and Adjustments to the Articles of Association and implementation of the provisions of OAEC [VegüV] The Board of Directors proposes to amend and adjust the Articles of Association and to fulfill the requirements of the Swiss Federal Ordinance Against Excessive Compensation in Public Corporations (OAEC VegüV ) according to the publication in the SHAB (Schweizerisches Handelsamtsblatt): Article 8.2, Article 10.5, Article 11.2, Article 12.1, Article 12.2, Article 13.3, Article 13.4 (new), Article 14.2, Article 15.1, Article 15.3, Article 15.4, Article 15.6 (new), Article 16.1, Article 19 (new), Article 20 (new), Article 21 (new), Article 22 (new), Article 23 (new), Article 24 (new), Article 25 (former Article 20), Article 26, (former Article 21), Article 27 (former Article 22), and Article 28 (former Article 23). 6. Votes on Remuneration 6.1 Remuneration of the Board of Directors The Board of Directors proposes to approve the total maximum amount of remuneration for the members of the Board of Directors of CHF , covering the period until the end of the next Annual General Meeting. 6.2 Remuneration of the Management Board The Board of Directors proposes to approve the total maximum amount of remuneration for the members of the Management Board of CHF , covering the business year Consultative Vote on the Remuneration Report The Board of Directors proposes that shareholders endorse the 2014 Remuneration Report in a consultative vote. Annual Report The annual report, the auditors report, the remuneration report as well as the proposals of the Board of Directors are available as of 13 April 2015 at the Company s registered office in Schindellegi, Dorfstrasse 50. Shareholders may also request a hardcopy of the Annual Report The Annual Report 2014 is accessible on Kuehne + Nagel s website at and may be downloaded. Participation and Voting Right Only shareholders who are registered by 29 April 2015, 5 pm CET (record date) with a right to vote are entitled to vote at the Annual General Shareholders Meeting or to appoint a proxy. The share register will be closed from 30 April 2015 to 5 May 2015 (included). Shares remain tradable regardless of whether they are registered with voting rights or not. In the event that your access card is out of date as a result of a sale or purchase of any shares we kindly ask you to have your access card and the voting documents updated at the entrance desk of the Annual General Shareholders Meeting.

5 In order to ensure a proper assessment of the participants, the shareholders who leave the AGM prior to its conclusion are requested to hand in their unused voting materials on their way out. Proxy Shareholders who cannot attend the Annual General Meeting of Shareholders in person are kindly requested to nominate a proxy. Alternatively, they may nominate the independent proxy, Mr. Kurt Gubler, Investarit AG, Gartenstr. 14, P.O. Box 1811, 8027 Zurich. In this case we kindly ask the respective shareholders to forward their written voting instructions to Mr. Kurt Gubler. Shareholders can use the online platform at to register their voting instruction to the Independent Proxy. The required login data will be sent to the shareholders together with the written invitation to the Annual General Meeting. Any changes to electronically delivered instructions are accepted until 1 st May 2015 (incoming mail). In case of issuing a proxy to a different person than the independent proxy, Article 13.3 of the Articles of Association has to be taken into consideration, which reads as follows: Registered shares may only be represented by persons who are entered in the share register as shareholders or beneficiaries and who have a written power of attorney. Proxies for shares held in safekeeping accounts according to Article 689d of the Swiss Code of Obligations and representatives of executive bodies do not need to be shareholders. Individual companies, partnerships or legal entities may arrange to be represented by legal representatives or representatives pursuant to the Articles of Association or by other authorized representatives. Married persons may arrange to be represented by their spouses, and minors and persons who have been made wards of court may arrange to be represented by their legal guardians, even if their representatives are not shareholders. Please note: Article 13.3 of the Articles of Association, in respect of proxies, representatives of corporate bodies (Organvertreter) or proxy holders for deposited shares (Depotvertreter) is no longer valid. According to Article 11 of the ordinance against excessive compensation in listed corporations (VegüV), representation by proxy holders for deposited shares as well as by representatives of corporate bodies is prohibited. The corresponding adjustments to the Articles of Association to implement the provisions of OAEC will be proposed by the Board of Directors to the Annual General Meeting of Shareholders under agenda item 5.2. Kuehne + Nagel International AG for the Board of Directors Karl Gernandt Chairman