Baar (Switzerland) – At the Annual General Meeting on Tuesday, April 20, 2010, the shareholders of Sika AG approved all proposals put forward by the Board of Directors and resolved to distribute a dividend to shareholders representing roughly 50% of consolidated net profit.
Some 565 shareholders attended the Annual General Meeting of Sika AG on April 20, 2010 in Cham, which was headed by Dr. Walter Grüebler, Chairman of the Board of Directors.
The Annual General Meeting approved a proposal to distribute a dividend to shareholders of CHF 45.00 per bearer share (prior year: CHF 45.00), and CHF 7.50 (prior year: CHF 7.50) per registered share. The payout totals altogether CHF 111.8 million, representing roughly 50% of consolidated net profit. The amendment of the Articles of Association in accordance with the law regarding securities held by an intermediary, in effect as of January 1, 2010, was approved.
The Annual General Meeting appointed Dr. Willi K. Leimer, Vice Chairman and Delegate of the Board of WMPartners Vermögensverwaltungs AG, Zurich and Chairman of the Board of Directors of Schenker-Winkler Holding AG, Baar to the Board of Directors of Sika AG. Furthermore the shareholders confirmed the Members of the Board of Directors Dr. Thomas W. Bechtler, Dr. Walter Grüebler und Christoph Tobler for a further period of office of three years. Urs Rinderknecht, Member of the Board of Directors since 1998, did not run for re-election.
All other proposals put forward by the Board of Directors were also approved.