Committed to openness and transparency
Dufry is committed to good Corporate Governance, Openness and Transparency for the benefit of shareholders, customers, business partners and employees. In this section you can find all the information relating to the structure of the company, how it is run and governed, and how this is regulated.
This Report is prepared in accordance with the Corporate Governance Directive (DCG) of the SIX Swiss Exchange. All information within this Corporate Governance Report and within the Remuneration Report refers to the Company Organization, Internal Regulations and Articles of Incorporation that were in effect as of December 31, 2019 (if not specifically mentioned otherwise).
The Articles of Incorporation are available on the Company website, in the Download-Center or in the section "Featured Downloads" further below.
The resolutions of the latest Ordinary General Meeting can be found in this link.
Dufry engages with shareholders, analysts and investors on a regular basis to better understand their expectations, needs and concerns as part of the company’s stakeholder dialogue strategy and over ESG engagement. Feedback is taken into consideration when evolving the company strategy as well as corporate governance and remuneration matters. In this context, management and the investor relations team had 870 contacts with shareholders and investors combining personal meetings, calls and emails in 2019.
Dufry Code of Conduct
The Dufry Code of Conduct outlines Dufry's standards of ethical conduct around the world. The Code of Conduct requires all employees and officers to follow the principles outlined in the document in their interactions with colleagues, customers, business partners and other stakeholders.
For an overview of the management organizational chart and operational Group structure, please click here.
Listed company as of December 31, 2019
Dufry AG, Brunngässlein 12, 4052 Basel, Switzerland
(hereinafter “Dufry AG” or the “Company”)
Registered shares: SIX Swiss Exchange
Market Capitalization based on shares issued
CHF 4,855,459,279 as of December 31, 2019
Percentage of shares held by Dufry AG
1.25 % of Dufry AG share capital as of December 31, 2019
ISIN-Code CH0023405456, Swiss Security-No. 2340545, Ticker Symbol DUFN
Listed consolidated subsidiary as of December 31, 2019
As of February 1, 2018, Hudson Ltd. is separately listed on the New York Stock Exchange.
Hudson Ltd., 2 Church Street, Hamilton, HM 11, Bermuda
Class A common shares: New York Stock Exchange
USD 1,419,119,967 as of December 31, 2019
Percentage of share held by Dufry AG
53,093,315 Class B common shares (non-listed), being 57.41 % of the Hudson Ltd. share capital (93.1 % of voting rights) as of December 31, 2019
Class A common shares (listed):
ISIN-Code BMG464081030, Ticker Symbol HUD
As of December 31, 2019, the Company’s capital structure is as follows:
Ordinary share capital
CHF 252,835,830 (nominal value) divided in 50,567,166 fully paid registered shares with nominal value of CHF 5 each
Conditional share capital
CHF 4,442,160 (nominal value) divided in 888,432 fully paid registered shares with nominal value of CHF 5 each
Authorized share capital
CHF 25,000,000 (nominal value) divided in 5,000,000 fully paid registered shares with nominal value of CHF 5 each; authorization to increase share capital until May 9, 2021
Further details regarding these shareholders and shareholder groups as well as additional information regarding the individual disclosure notices in 2019 are available on the website of SIX Swiss Exchange at:
More from the annual report 2019
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