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     400  0 Kommentare SHAREHOLDER SUPPORT FOR SIKA BOARD OF DIRECTORS RISES TO OVER 40 PERCENT - STRONG BACKING FROM SWISS PENSION FUNDS

    Sika AG / SHAREHOLDER SUPPORT FOR SIKA BOARD OF DIRECTORS RISES TO OVER 40 PERCENT - STRONG BACKING FROM SWISS PENSION FUNDS . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

    The opposition of the shareholders of Sika AG to the hostile takeover bid by Saint-Gobain continues to mount. So far, investors who together hold over 40 percent of the share capital have expressly stated their support for the course adopted by the Board of Directors and Group Management. 22 pension funds from Swiss companies, cities and public institutions have joined the initiative launched by the Ethos Foundation to fight off Saint-Gobain. Other pension funds, prominent institutional investors and private investors explicitly support the actions taken by the Board of Directors.

    This strong support from investors reinforces the Board of Directors and Group Management in their resolve to continue vigorously defending the interests of all Sika stakeholders. These interests are seriously jeopardized by the hostile takeover bid. This is because Saint-Gobain wants to assume full control of the company with only 16 percent of the share capital, thus creating huge conflicts of interest which endanger the superior business model and successful growth strategy of Sika.

    DATE

    SIKA AG
    January 30, 2015

    Zugerstrasse 50
    6341 Baar, Switzerland
    www.sika.com
    CONTACT


    TELEPHONE
    E-MAIL
    Dominik Slappnig
    Corporate Communications &
    Investor Relations
    +41 58 436 68 21
    slappnig.dominik@ch.sika.com

    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 protecting in the building sector and the motor vehicle industry. Sika has subsidiaries in 90 countries around the world and manufactures in over 160 factories. Its approximately 17,000 employees generated annual sales of CHF 5.6 billion in 2014.

    The media release can be downloaded from the following link:




    This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
    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

    HUG#1890544

    --- End of Message ---

    Sika AG
    Zugerstrasse 50 Baar

    WKN: 858573;ISIN: CH0000587979;





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    SHAREHOLDER SUPPORT FOR SIKA BOARD OF DIRECTORS RISES TO OVER 40 PERCENT - STRONG BACKING FROM SWISS PENSION FUNDS Sika AG / SHAREHOLDER SUPPORT FOR SIKA BOARD OF DIRECTORS RISES TO OVER 40 PERCENT - STRONG BACKING FROM SWISS PENSION FUNDS . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this …