SIKA BOARD SECURES CONTINUITY
(Thomson Reuters ONE) -
Sika AG /
SIKA BOARD SECURES CONTINUITY
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The Board of Directors of Sika continues its efforts to maintain the continuity
in the leadership of the company despite the on-going dispute. Therefore after
careful analysis the Board of Sika decided today to restrict the voting rights
of Schenker-Winkler Holding to 5% of all registered shares pursuant to art. 4 of
Sika's articles of association regarding transfer right restriction.
The restriction applies in the interest of the company to maintan the status quo
until the pending legal issues have been resolved in ordinary proceedings.
Specifically it will apply to the removal of Monika Ribar, Paul Hälg and Daniel
Sauter and the election of Max Roesle to the Board as its Chairman. It will not
apply to the compensation of the Board. The Board reserves the right to apply
the voting right restriction to other requests. In the view of the Board the
hostile takeover attempt by Saint-Gobain lacks any industrial logic and would
seriously endanger the success story of Sika.
DATE July 24, 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 91 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/1941036/701327.pdf
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originality of the information contained therein.
Source: Sika AG via GlobeNewswire
[HUG#1941036]
Unternehmensinformation / Kurzprofil:
Datum: 24.07.2015 - 07:48 Uhr
Sprache: Deutsch
News-ID 408943
Anzahl Zeichen: 2841
contact information:
Town:
Baar
Kategorie:
Business News
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