Questions on AGM organizational items

AGM organizational items


When and where does the next AGM take place?

The next Annual General Meeting of ABB Ltd will be held on Thursday, April 13, 2017, at 10:00 a.m. CET  at the "Messe Zurich", Wallisellenstrasse 49, in Zurich Oerlikon, Switzerland (doors open at 8:30 a.m.).


How long does an Annual General Meeting last?

The Annual General Meeting normally lasts between two and three hours, depending on the discussions, motions and the questions of the shareholders.

In which language is the Annual General Meeting held?

The Annual General Meeting will be conducted principally in German. Simultaneous translation into English will be offered.


Who can attend the Annual General Meeting?

All shareholders who are registered in the share register of ABB Ltd with the right to vote by April 5, 2017 (record date) are permitted to attend the Annual General Meeting.

Is there a deadline for registering a as shareholder?

Yes. Shareholders entered in the share register, with the right to vote, by April 5, 2017 (record date), are entitled to participate in the Annual General Meeting.
Please contact your custodian bank or ABB share register office (+41 43 317 5700) for any questions about the share registration  prior  to the Annual General Meeting.

 


Is it possible to trade shares of ABB Ltd even after the registration deadline?

The possibility to trade ABB Ltd shares is not affected by the registration deadline.

However, the right to attend the Annual General Meeting and the relevant voting rights will be determined by the number of shares that are registered on the record date (record date for registration is April 5, 2017).


How and when will I receive an invitation?

The invitation was published on March 14, 2017 in the Swiss Official Gazette of Commerce (SOGC), in some daily newspapers on March 15, 2017 and on the ABB Annual General Meeting webpage. 

In addition registered shareholders will receive a personal invitation by mail at latest 20 days prior to the date of the Annual General Meeting.


I have received the invitation. What do I need to do next?

In order to be able to attend the Annual General Meeting in person you need a valid admission card. The reply form necessary for obtaining the admission card is enclosed in the invitation and must reach ABB Ltd at the latest by April 7, 2017.

Notifications arriving after that date can no longer be taken into consideration.

An early return of the reply form will facilitate the timely preparation of the share register. The admission cards, together with the voting material, will be sent to you starting on March 28, 2017.

Note that ABB also offers the possibility to order the admission card through e-voting platform provided by Nimbus ShApp on ABB Annual General Meeting webpage.


Can I bring someone with me?

Unfortunately, only registered ABB shareholders are permitted to attend the Annual General Meeting.


Can someone represent me at the Annual General Meeting?

Yes. In the event that you are unable to attend the Annual General Meeting in person, you may arrange to be represented by:

a)    another ABB shareholder registered with the right to vote
b)    by the independent proxy

How do I delegate my voting rights to another shareholder?

You may delegate your voting rights to another ABB shareholder by checking item 2 on your reply form received together with the invitation. Ensure to state the first and last name of the shareholder including address, and return your signed form to the ABB shares register: ABB Ltd, Aktienregister, Postfach, 8050 Zürich, Switzerland.

In case you have already received an admission card for the Annual General Meeting, you can delegate your voting rights directly to another shareholder with the right to vote, by signing the power of attorney on the admission card and handing the card over to the designated shareholder. The authorized shareholder needs to show the power of attorney together with his admission card, when entering the Annual General Meeting.


How do I delegate my voting rights to the independent proxy?

You may delegate your voting rights to the independent proxy by checking item 3 on your reply form received together with the invitation. On the back of the reply form you can provide exact voting instructions on each agenda item. In the absence of voting instructions, you instruct the independent proxy to vote in accordance with the proposals of the Board of Directors. The same applies for additional or alternative proposals to the published agenda items and new agenda items. Please make sure that you sign the completed reply. 

Note that ABB also offers the possibility to order the admission card through e-voting platform provided by Nimbus ShApp on ABB Annual General Meeting webpage.


What is an independent proxy?

The independent proxy was elected by the shareholders meeting. He can be authorized by the shareholder to vote on its behalf and will exercise the voting right(s) according to the written voting instructions.

ABB’s independent proxy is Dr. Hans Zehnder, attorney-at-law and notary, Bahnhofplatz 1, 5401 Baden.


What is the timeframe for delegating the voting rights?

You may delegate the voting rights to another ABB shareholder, with the right to vote or the independent proxy until 30 minutes before the Chairman opens the Annual General Meeting officially by signing the power of attorney on your admission card and handing it over to the respective shareholder or the independent proxy. In the case you wish to mandate the independent proxy, we appreciate your early return of all documents to facilitate the preparation of the Annual General Meeting.

How does the e-voting work?

Registering with independent third party provider Nimbus ShApp via ABB Annual General Meeting webpage enables shareholders to order the entry ticket to the Annual General Meeting or issue power of attorney to another shareholder or instructions to the independent proxy online.
To benefit from this option, shareholders need to have internet access, an e-mail account and a mobile phone to receive text messages. Shareholders will find the required personal access and registration information for initial registration on the reply form included with the invitation documents (under "Login information for initial e-voting tool registration").
Shareholders can choose to attend the Annual General Meeting in person, be represented by his/her legal representative or another registered shareholder, or vote remotely by issuing a power of attorney and voting instructions to the independent proxy. 

Where do I find more information about the new e-voting process?

A list of FAQs and an instruction video with details on how to register and use the tool is available on ABB Annual General Meeting webpage.


I cannot find my admission card or have not received one. Who should I contact?

In the event that you have not received the documents related to the Annual General Meeting or can no longer find it, please report to the shareholder helpdesk at the Messe Zurich on the day of the Annual General Meeting. You will receive a new admission card and the voting material after proof of your identification and verification of your registration in the share register.

What happens if I arrive late?

The admission will still be granted.


What is the correct procedure for speaking or asking questions at the Annual General Meeting?

Shareholders which would like to pose a question to or comment on an agenda item, are kindly requested to register at the shareholders-registration desk in the front on the right hand side of the stage providing their name, surname and place of living. The chairman will call on you when the respective agenda item is being discussed. Please limit your comment to the respective agenda item only.

You can also ask questions in writing, sending them in written form to the Board of Directors (address: ABB Ltd, Investor Relations, P.O. Box, 8050, Zurich, Switzerland). In the event that you would like to expound on a particular item at the Annual General Meeting, you must attend the Annual General Meeting and request to take the floor at the time of that particular agenda item.


I have purchased shares a few days prior to the Annual General Meeting. Am I entitled to vote?

If you are already a shareholder of ABB Ltd: New shares can be entered in the share register but without right to vote at the current Annual General Meeting. Your admission card and voting material are, however, still valid (see "Deadline for registering as a shareholder"). You will only have the voting rights corresponding to the amount of the shares already registered in the share register before the registration deadline which is April 5, 2017 (record date). 

Other


How can I purchase ABB shares?

You can purchase ABB shares through your bank or brokerage firm.


Does ABB have a direct stock purchase plan (DSPP) or a Dividend reinvestment program (DRIP)?

Currently ABB does not have a direct stock purchase plan (DSPP) or a Dividend reinvestment program (DRIP).


Does ABB have to be informed about change of address?

Depository Banks are obliged to inform the respective companies (ABB) about changes of addresses. Therefore it is recommended to inform your depository bank. It is also possible for shareholders to notify a change of address directly to the ABB share register. 

If you hold ABB shares through Euroclear Sweden AB - you must contact your depository bank about changes in address.


What is the share value to be declared with tax authorities for 2016?

Please contact your local tax advisor since every juristiction has different rules. 


How often does ABB report results?

ABB reports financial results on a quarterly basis and issues and annual report as well as a sustainability report once a year. Press release can be found on the ABB Investor Relations webpage.

What is the dividend which ABB is going to pay to the shareholders?

In line with the company’s dividend policy to pay a steadily rising, sustainable dividend over time, the Board of Directors proposes a distribution of CHF 0.76 per share. The Board proposes that the dividend be paid out of earnings available. The ex-dividend and payout date in Switzerland are expected in April 2017 in line with the Swiss regulatory process. This distribution is subject to approval by the shareholders at the ABB’s 2017 Annual General Meeting.

Further information are available on ABB Investor Relations webpage.

Up to what date can I purchase shares in order to get the dividend?

In order to receive the full 2016 dividend of CHF 0.76 shares must be held on the record date April 20, 2017.
Further information are available on ABB Investor Relations webpage.

When can I expect dividend payment?

The ex-dividend and payout dates in Switzerland are expected on 19 April and on 21 April 2017, respectively.

Further information is available on ABB Investor Relations webpage.

Is the dividend this year also exempt from Swiss withholding tax?

No, since the dividend is paid out of earnings, it will be subject to Swiss withholding tax. The ex-dividend and payout dates in Switzerland are expected in April 2017.

Shareholders that are tax-resident in Sweden and hold shares of ABB Ltd registered with Euroclear Sweden, will have the option to participate in a facility that will allow them to receive the dividend relating to those shares in Swedish Kronor free of Swiss withholding tax. Further information will be made available on ABB’s website in due course.

Further information are available on ABB Investor Relations webpage.