Clariant Annual General Meeting Approves Capital Increase for Süd-Chemie Acquisition
(Thomson Reuters ONE) -
Clariant AG /
Clariant Annual General Meeting Approves Capital Increase for Süd-Chemie
Acquisition
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Muttenz, March 31, 2011 - Clariant, a world leader in specialty chemicals,
announced today that the 16th Annual General Meeting adopted each of the
resolutions proposed by the Board of Directors.
515 shareholders, representing roughly 31% of the share capital recorded in
Clariant's share register attended the Annual General Meeting (AGM) held on
March 31, 2011 in Basel.
The AGM approved the Annual Report of the company and discharged the corporate
bodies of the company for their actions in the business year 2010. In view of
the funds to be used for the acquisition of Süd-Chemie AG, the shareholders
voted for the proposal to forego payment of a dividend and to allocate the
available net profit to the free reserves. For the first time, the AGM voted on
the compensation policy and approved the policy by means of a consultative
vote.
The Board of Directors was authorized by the AGM to create share capital for the
acquisition of Süd-Chemie AG, Munich, Germany. Share capital can be increased to
a maximum of CHF 340 000 000 by issuing a maximum of 85 000 000 fully paid up
registered shares, each with a par value of CHF 4.00. The part of the capital
increase not allocated to the family shareholders will be executed in the form
of an at-market rights issue announced on or around April 7, 2011.
The AGM elected and respectively re-elected several members of the board of
directors. For the first time, the current Süd-Chemie board members Dr. Dolf
Stockhausen and Konstantin Winterstein as well as Süd-Chemie CEO Dr. Günter von
Au were elected to the Board of Directors. The elections remain under the
condition precedent that those newly-elected members will step down from their
current roles at Süd-Chemie AG.
Dr. Peter Isler, member of the Board of Directors since 2004, Dr. Dominik
Koechlin, member since 2008, Dr. Hariolf Kottmann, member since 2008, Carlo G.
Soave, member since 2008, Dr. Rudolf Wehrli, member and Vice-Chairman since
2007 and Dr. Jürg Witmer, Chairman of the Board of Directors since 2007, were
all re-elected individually.
ENDS
Media Contacts
Ulrich Nies Phone: +41 61 469 61 58
E-Mail: ulrich.nies(at)clariant.com
Stefanie Nehlsen Phone: +41 61 469 67 42
E-Mail: stefanie.nehlsen(at)clariant.com
Investor Relations Contacts
Ulrich Steiner Phone: +41 61 469 67 45
E-Mail: ulrich.steiner(at)clariant.com
www.clariant.com
Clariant is a global leader in the field of specialty chemicals. Clariant, which
is represented on five continents with over 100 group companies, employs around
16,200 people. Head-quartered in Muttenz near Basel, Switzerland, it generated
sales of CHF 7.1 billion in 2010. Clariant is organized into ten Business Units:
Additives; Detergents & Intermediates; Emulsions; Industrial & Consumer
Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper
Specialties; Pigments; and Textile Chemicals.
--- End of Message ---
Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
Press Release English:
http://hugin.info/100166/R/1502193/437367.pdf
Press Release Deutsch:
http://hugin.info/100166/R/1502193/437369.pdf
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Source: Clariant AG via Thomson Reuters ONE
[HUG#1502193]
Unternehmensinformation / Kurzprofil:
Datum: 31.03.2011 - 14:05 Uhr
Sprache: Deutsch
News-ID 53024
Anzahl Zeichen: 4506
contact information:
Town:
Muttenz 1
Kategorie:
Business News
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