SHAREHOLDER SUPPORT FOR SIKA BOARD OF DIRECTORS RISES TO OVER 40 PERCENT - STRONG BACKING FROM SWISS PENSION FUNDS
(Thomson Reuters ONE) -
Sika AG /
SHAREHOLDER SUPPORT FOR SIKA BOARD OF DIRECTORS RISES TO OVER 40 PERCENT -
STRONG BACKING FROM SWISS PENSION FUNDS
. Processed and transmitted by NASDAQ OMX Corporate Solutions.
The issuer is solely responsible for the content of this announcement.
The opposition of the shareholders of Sika AG to the hostile takeover bid by
Saint-Gobain continues to mount. So far, investors who together hold over 40
percent of the share capital have expressly stated their support for the course
adopted by the Board of Directors and Group Management. 22 pension funds from
Swiss companies, cities and public institutions have joined the initiative
launched by the Ethos Foundation to fight off Saint-Gobain. Other pension funds,
prominent institutional investors and private investors explicitly support the
actions taken by the Board of Directors.
This strong support from investors reinforces the Board of Directors and Group
Management in their resolve to continue vigorously defending the interests of
all Sika stakeholders. These interests are seriously jeopardized by the hostile
takeover bid. This is because Saint-Gobain wants to assume full control of the
company with only 16 percent of the share capital, thus creating huge conflicts
of interest which endanger the superior business model and successful growth
strategy of Sika.
DATE January 30, 2015 CONTACT Dominik Slappnig
Corporate Communications &
SIKA AG Zugerstrasse 50 Investor Relations
6341 Baar, Switzerland TELEPHONE +41 58 436 68 21
www.sika.com E-MAIL slappnig.dominik(at)ch.sika.com
SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a leading position in the development
and production of systems and products for bonding, sealing, damping,
reinforcing and protecting in the building sector and the motor vehicle
industry. Sika has subsidiaries in 90 countries around the world and
manufactures in over 160 factories. Its approximately 17,000 employees generated
annual sales of CHF 5.6 billion in 2014.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/1890544/669369.pdf
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originality of the information contained therein.
Source: Sika AG via GlobeNewswire
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