The shareholders of Sika AG approved all proposals put forward by the Board of Directors at the Annual General Meeting of April 12, 2011.
At the Annual General Meeting of Shareholders of April 12 in Cham, the shareholders of Sika AG approved the Annual Report, the annual financial statements and the consolidated financial statements for the 2010 business year.
Furthermore, the shareholders accepted the proposal of the Board of Directors to pay a dividend and to make a nominal value repayment for the 2010 business year. A gross dividend of CHF 45.00 (unchanged from previous year) per share is to be paid to holders of bearer shares, and a gross dividend of CHF 7.50 (unchanged from previous year) per share is to be paid to holders of registered shares. The ex-date is April 14, the record date April 18, and the value date April 19, 2011.
Moreover, the Annual General Meeting approved a nominal value repayment to shareholders. The share capital is thereby reduced from CHF 22 861 602.00 to CHF 1 524 106.80. The nominal value of the bearer shares is thus reduced from CHF 9.00 to CHF 0.60 and the nominal value of the registered shares from CHF 1.50 to CHF 0.10. If the transaction proceeds according to schedule, the nominal value repayment is expected to be made on July 13, 2011.
Urs F. Burkard was re-elected for a further three-year term of office. The Annual General Meeting also elected Monika Ribar, CEO of Panalpina AG, Basel, and member of the Board of Directors of Logitech International SA, Romanel/Morges, to the Board of Directors for the first time.
All other proposals of the Board of Directors were also approved.