Landis+Gyr Publishes Annual Report 2022 and Invitation to AGM 2023

Cham, Switzerland May 26, 2023 Landis+Gyr Group AG (SIX: LAND) today published its Annual Report 2022, which is available on the Companys website (https://investors.landisgyr.com/annual-report/2022/). The report provides comprehensive information about the Groups business and financial performance, corporate governance, remuneration, and sustainability achievements in the financial year 2022 (April 1, 2022 March 31, 2023).

In addition, Landis+Gyr today issued the invitation to the Annual General Meeting to be held on June 22, 2023, in Zug, which is available on the Companys website (www.landisgyr.com/agm). As communicated on May 2, 2023, the Board of Directors proposes, amongst other items, a distribution from statutory capital reserves of CHF 2.20 per share. 

As also communicated at the beginning of May, two changes to the Board of Directors are planned for the upcoming Annual General Meeting of Shareholders. Søren Thorup Sørensen, representative of Landis+Gyrs largest shareholder KIRKBI, has informed the Board of Directors that he will not stand for re-election after serving on the Board for four years. As the new representative of KIRKBI, the Board of Directors proposes the election of Peter Christopher V. Bason as new director. Peter Bason has been Head of Long-Term Equity at KIRKBI since 2020 with prior experience at Altor Equity Partners and at McKinsey & Company.

In addition, the Board of Directors proposes the election of Audrey Zibelman as a new independent director. Audrey Zibelman brings a wealth of experience in grid operations, power markets, and public service to the Board. During her long career she most recently served at Alphabet's moonshot factory X, was CEO of the Australian Energy Market Operator and CEO of the New York Public Services Commission.

Amongst other items, the Board of Directors also proposes to amend Landis+Gyr Group AGs articles of association in order to align them with the revised Swiss corporate law and to replace the Companys authorized capital with a capital band.

Media Contact

Eva Borowski

SVP Investor Relations & Corporate Communications

Phone +41 41 935 6396

Eva.Borowski@landisgyr.com

Investor Contact

Christian Waelti

Head of Investor Relations

Phone +41 41 935 6331

Christian.Waelti@landisgyr.com

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About Landis+Gyr

Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided more than 9.5 million tons of CO2 in FY 2022, Landis+Gyr manages energy better since 1896. With sales of USD 1.7 billion in FY 2022, Landis+Gyr employs around 7,800 talented people across five continents. For more information, please visit our website www.landisgyr.com.