Sika : Media Release General Meeting Annual General Meeting Approves Board of Directors' Proposals 21/04/2020 At the 52st Annual General Meeting of Sika AG on April 21, 2020, all proposals of the Board of Directors were approved.
April 21, 2020 at 12:28 pm EDT
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The Annual General Meeting of Sika was held on April 21, 2020 in Baar. Based on the Ordinace of the Federal Council of March 13, 2020, it was not possible for shareholders to attend the Annual General Meeting in person. Instead, the shareholders could cast their vote through the independent proxy.
The shareholders approved the annual financial statements and the consolidated financial statements for the business year 2019.
The shareholders voted in favor of the proposal of the Board of Directors to pay out a gross dividend of CHF 2.30 per share for the business year 2019.
The administrative bodies were granted discharge.
The shareholders re-elected all previous members of the Board of Directors as well as its Chairman Paul J. Hälg for another one-year term.
Daniel J. Sauter, Justin M. Howell and Thierry F. J. Vanlancker were elected to the Nomination and Compensation Committee.
The auditors, Ernst & Young AG, were re-elected.
Jost Windlin was re-elected as independent proxy.
In a non-binding consultative vote, the shareholders approved the compensation report for 2019.
Further, the shareholders approved the Board's and the Group Management's future compensation.
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Sika AG published this content on 21 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2020 16:27:01 UTC
Sika AG is the world leader in manufacturing and marketing construction chemicals. Net sales break down by family of products as follows:
- construction chemicals (84.1%): admixtures for concretes and mortars, repair mortars, reinforcement and sealing products, sealants, etc.;
- industrial manufacturing chemicals (15.9%): adhesives and sealants (mainly polyurethanes, glues, and butyls) primarily for the automotive, railway and shipbuilding sectors.
Net sales are distributed geographically as follows: Switzerland (3.5%), France (6%), Europe/Middle East/Africa (30.6%), the United States (21.4%), Americas (9%), China (11.6%), Asia/Pacific (10.4%) and other (7.5%).
Sika : Media Release General Meeting Annual General Meeting Approves Board of Directors' Proposals 21/04/2020 At the 52st Annual General Meeting of Sika AG on April 21, 2020, all proposals of the Board of Directors were approved.
SIKA AG 
