27.04.2015 18:37:10
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SIKA APPROACHES FINMA REGARDING DISCLOSURE DUTY BREACH
Sika AG / SIKA APPROACHES FINMA REGARDING DISCLOSURE DUTY BREACH . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
Today, Sika has submitted a notice to FINMA of a possible breach of the disclosure duty by the Burkard heirs and Saint-Gobain. The law obliges Sika to file such a notice with FINMA if the company has reasons to believe that a shareholder has not complied with its disclosure duty (article 20 par. 4 Stock Exchange Act). On April 7, 2015, shortly prior to the annual general meeting of shareholders of Sika, the Burkard heirs and Saint-Gobain disclosed that they had dissolved their group. This was reasoned by the sale of the privately owned Sika shares held by the Burkard family to Schenker-Winkler Holding AG.
However, Sika takes the view that the group among the Burkard heirs, Saint-Gobain and Schenker-Winkler Holding AG, as it was first disclosed by them on December 11, 2014, continues to exist unchanged. The original purpose -namely "ensuring the orderly transfer of control"of Sika to Saint-Gobain, still exists, as the new contract seen by Sika and the numerous actions of the contract parties since December 5, 2014 confirm.
DATE SIKA AG | April 27, 2015 Zugerstrasse 50 6341 Baar, Switzerland www.sika.com |
CONTACT TELEPHONE | 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 91 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:
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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Sika AG
Zugerstrasse 50 Baar
WKN: 858573;ISIN: CH0000587979;
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