EQS-Adhoc

Kardex AG: Annual General Meeting approves all proposals by the Board of Directors

EQS Group-Ad-hoc: Kardex AG / Key word(s): AGM/EGM
Kardex AG: Annual General Meeting approves all proposals by the Board
of Directors

23.04.2015 / 17:41
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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Kardex Group

Annual General Meeting approves all proposals by the Board of Directors

Zurich, 23 April 2015 - The 37th ordinary Annual General Meeting of Kardex
AG took place today. The meeting was attended by 63 shareholders. A total
of 50.96 % of the company's voting share capital was represented. All
proposals put forward by the Board of Directors to the Annual General
Meeting were approved.

The proposed distribution of CHF 1.65 per share from the capital
contribution reserve (ex-date: 27 April 2015, record-date: 28 April 2015,
payment date: 29 April 2015) as well as the partial reimbursement of CHF
0.65 per registered share by a reduction of the nominal value of registered
shares from CHF 11.00 to CHF 10.35 have been approved by the shareholders.
This reimbursement will take place approximately mid July 2015.

All members of the Board of Directors proposed for re-election were
confirmed for a further term of office of one year. Philipp Buhofer was
re-elected Chairman of the Board of Directors. The Annual General Meeting
confirmed the members of the Compensation and Nomination Committee Philipp
Buhofer, Ulrich Jakob Looser and Walter T. Vogel.

Furthermore, the remuneration report 2014 has been agreed upon a
non-binding consultative vote and the proposals regarding the maximum total
compensation to the Board of Directors until the next ordinary Annual
General Meeting and the Management Board for the financial year 2016 have
been approved.

The remaining amendments to the Articles of Association, on the Ordinance
against Excessive Compensation in Stock Exchange Listed Companies behalf,
were presented to the Annual General Meeting and approved by the
shareholders.

The 38th ordinary Annual General Meeting of Kardex AG will take place on 21
April 2016 in Zurich.

Contact
Edwin van der Geest, Investor Relations
Tel. [phone]
Tel. [phone]
[e-mail]