Sika AG: COURT REJECTS THE CHALLENGE ACTION OF SCHENKER-WINKLER HOLDING AG
Sika AG / Sika AG: COURT REJECTS THE CHALLENGE ACTION OF SCHENKER-WINKLER HOLDING AG . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.
In its decision of October 27, 2016, the Cantonal Court ("Kantonsgericht") Zug denied all requests of Schenker-Winkler Holding AG (SWH). The Court held that the share transfer restriction ("Vinkulierung", art. 4 of Sika's articles of association) applies to the sale of the Sika shares held by SWH to Saint-Gobain.
The non-conflicted Board members welcome the decision as it confirms their position and legitimizes the actions of Sika's Board. The non-conflicted Board members re-emphasize that they continue to be available for discussions with the Burkard family to find an amicable solution that is in the best interest of all stakeholders.
A media conference will be held today at 8.00 p.m. CET at Sika, Tüffenwies 16, 8048 Zurich.
The media conference will be transmitted live on the Sika website.
Link to live transmission of the media conference: www.sika.com/presentations
CONTACT
Dominik Slappnig
Corporate Communications and
Investor Relations
+41 58 436 68 21
[email protected]
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 protection in the building sector and automotive industry. Sika has subsidiaries in 97 countries around the world and manufactures in over 170 factories. Its more than 17,000 employees generated annual sales of CHF 5.49 billion in 2015.
The media release can be downloaded from the following link:
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sika AG via Globenewswire
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