Sika News from 2015

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01
September
2015

Federal Administrative Court Confirms Validity of Opting-out Clause

01/09/2015
  • News
According to a press release published today, the Federal Administrative Court rejected the appeal filed by the shareholder group William H. Gates III and Melinda French Gates (as Trustees of the Bill & Melinda Gates Foundation Trust) and Cascade Investment. With this decision the Federal Administrative Court confirmed FINMA's decision pursuant to which the opting-out clause, according to article 5 of Sika AG's articles of association, is applicable to the proposed acquisition of Schenker-Winkler Holding AG by Saint-Gobain and Saint-Gobain is not obliged to submit a public tender offer to all shareholders of Sika AG. Sika itself did not appeal the FINMA decision and was not a party to the proceedings before the Federal Administrative Court.
27
June
2015

Extraordinary General Meeting of Sika AG on July 24, 2015

27/06/2015
  • News
The Extraordinary General Meeting of Sika AG will be held in the Waldmannhalle in Baar at 10.30 a.m. on July 24, 2015. The agenda comprises the points proposed by Schenker-Winkler Holding (SWH) at the Annual General Meeting of April 14, 2015 and adopted by the AGM, specifically: the removal from office of Monika Ribar, Paul Hälg (Chairman) and Daniel Sauter, the election of Max Roesle (as Chairman) and approval of the compensation payable to the Board of Directors for the current year of office up to the next Annual General Meeting. In view of the resolutions of the Annual General Meeting of April 14, 2015, SWH's requests to change its proposals (see media release of June 22, 2015) can not have an impact on the agenda.
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