20 April 2010 – Baar (Switzerland) – At the Annual General Meeting on Tuesday, 20 April 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 20 April 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 1 January 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.
About Sika AG
Sika AG, located in Baar, Switzerland, is a globally active company supplying the specialty chemicals markets. It is a leader in processing materials used in sealing, bonding, damping, reinforcing and protecting load-bearing structures in construction (buildings and infrastructure construction) and in industry (vehicle, building component and equipment production).
Sika’s product lines feature high-quality concrete admixtures, specialty mortars, sealants and adhesives, damping and reinforcing materials, structural strengthening systems, industrial flooring as well as roofing and waterproofing systems. Subsidiaries in more than 70 countries worldwide and approximately 12 000 employees link customers directly to Sika and ensure the success of all our partners. Sika achieves annual sales of CHF 4.2 billion. Visit our website at www.sika.com.
