The shareholders of Sika AG approved all proposals of the Board of Directors at the ordinary Annual General Meeting on April 17, 2012.
The shareholders of Sika AG approved the Annual Report, annual financial statements and consolidated financial statements for the 2011 business year at the Annual General Meeting in Cham on April 17, 2012.
The shareholders also accepted the Board of Directors' proposal of paying a gross dividend of CHF 45.00 per bearer share and CHF 7.50 per registered share for the 2011 business year, both amounts remaining unchanged from the previous year.
The dividend comprises an ordinary gross dividend of CHF 24.00 per bearer share or CHF 4.00 per registered share which is subject to withholding tax, and another component of CHF 21.00 per bearer share or CHF 3.50 per registered share which is exempt from withholding tax in accordance with the capital contribution principle, and which is also exempt from income tax for natural persons domiciled in Switzerland.
This proposal bears testimony to Sika's solid balance sheet and consistent dividend distribution policy. The ex-dividend date is April 19 and the settlement date is April 24, 2012.
Paul Hälg, Daniel J. Sauter and Ulrich W. Suter were re-elected for a further three-year term of office. In addition, the Annual General Meeting elected Frits van Dijk to the Board of Directors for the first time.
Frits van Dijk was at Nestlé for around 40 years, and was a Member of the Executive Board responsible for Asia, Oceania, Africa and Middle East from 2005 to 2011. Thanks to his experience in business with emerging markets, rolling out new products and managing a major conglomerate, Mr. Van Dijk, who was born in 1947 and comes from the Netherlands, has an ideal basis for his future role on the Board of Directors of Sika AG.
All other proposals of the Board of Directors were also approved.