Annual General Meeting of TX Group: agenda items approved – Pascale Bruderer and Christoph Tonini elected to the Board of Directors – no dividend for the current financial year

Zurich, 3 April 2020 – the 2020 Annual General Meeting of TX Group AG was held this afternoon without the in-person participation of shareholders in accordance with Ordinance 2 on Measures to Combat the Coronavirus (COVID-19), enacted by the Federal Council. The shareholders were able to transfer their voting rights to the independent proxy and thereby approved the motions of the Board of Directors with a large majority.

Since the beginning of the year, the new created TX Group has been the parent company for the since then independent companies TX Markets, Goldbach, 20 Minuten and Tamedia.  At the Annual General Meeting, Pascale Bruderer and Christoph Tonini were elected to the Board of Directors of the TX Group as members. The former President of the National Council and member of the Council of States Pascale Bruderer is now an entrepreneur and already a member of the Board of Directors of Tamedia. Christoph Tonini will remain CEO of the TX Group until the end of June 2020 and, after relinquishing operational responsibilities, will transfer to the Board of Directors and also continue as a member of the Board of Directors of TX Markets and Goldbach.

Editor Pietro Supino thanked the shareholders at the Annual General Meeting for the confidence they place in the company, the capital they make available and for the entrepreneurial risk that they therefore carry. He gave special thanks to all employees and the management team under the direction of CEO Christoph Tonini for their dedication: “The reliability and quality of the day-to-day work of our employees – from the IT team, the printing works, the advertising business and marketplaces to the editorial teams – are particularly evident in the very difficult circumstances of the current crisis. Through our work, we are making an important contribution to the democratic community and to people's freedom and autonomy, which is something that we can all be proud of.” At the same time, Pietro Supino announced that no dividend payment can be expected for the current financial year due to the negative profit development caused by the crisis and to strengthen the company.