The Extraordinary General Meeting of Sika AG will be held on June 11, 2018, 3.00 p.m., at Waldmannhalle in Baar.
The Board of Directors makes the following proposals to the Extraordinary General Meeting:
Creation of unitaryregistered shares with a nominal value of CHF 0.01 each
Abolishment of opting-out and transfer restrictions
Cancellation of the registered shares of Sika purchased from Schenker-Winkler Holding AG (representing 6.97% of the share cpaital) by way of a share capital reduction
Election of Justin Howell to the Board of Directors and to the Nomination and Compensation Committee
Approval of the compensation of the Board of Directors for the terms of office from the Annual General Meeting 2015 to the Annual General Meeting 2019
Discharge of the administrative bodies
Withdrawal of special experts
The complete agenda with the Board of Directors' proposals will be sent to holders of registered shares and will be published in the Swiss Official Gazette of Commerce as well as on the website of Sika AG on May 18, 2018.
As legislation changes to control and reduce the level of hazardous chemicals and create risk free environments for end users, businesses need to react and ensure products not only meet but exceed the new demands. Sika R&D takes legislation and regulatory issues seriously, and reacts accordingly and always considers the impact of raw materials when formulating.
One issue affecting roof waterproofing performance coatings is the use of solvents in products. Whilst legislation has demanded a reduction in the overall level of solvent in roof coatings, there is no global norm. Some regions demand very low levels, for example, whilst others are not as stringent yet.
To address the issue and associated odour that accompanies solvents, R&D has developed a range of high performance waterproofing products for use on roofs and balconies. These are based on unique in-house latent hardeners, which when formulated into single component polyurethanes allow products with significantly lower levels of solvent. The lower level of solvent gives a reduction in the odour and reduced emissions to the atmosphere.
An example is Sikalastic 641, a low odour, roof waterproofing product. It rapidly becomes resistant to rain damage due to the latent hardener curing system. It is cold applied, eliminating the risk of fire, even in an occupied building during application and cures to form a completely seamless waterproofing membrane.
The technology has now been expanded to give a platform of products which can be used on roofs, balconies and car park decks.