Dynamics Group AG, corporate

Dynamics Group AG,

11.04.2017 - 19:32:22

EQS-News: Rights of Sika majority shareholder restricted again

Press Release Schenker-Winkler Holding AG (SWH)

Rights of Sika majority shareholder restricted againBaar, 11 April 2017 - For the fourth time, Sika's Board of Directors restricted SWH's voting rights to 5% at today's Annual General Meeting of Sika. Therefore, SWH is once again forced to contest some key election results in court. The Burkard family and Saint-Gobain remain strongly committed to completing the sale of SWH to Saint-Gobain. Once more, Chairman Paul Hälg used the AGM to justify the actions of the opposing board members. He did not miss any opportunity to arouse negative emotions towards the Burkard family and the majority shareholder SWH. As of today, Sika has spent CHF 17.4 million for external legal and consulting fees in its fight against Saint-Gobain.

Discharge 66% did not give discharge to the opposing board members.

Dividend The proposal of SWH for a dividend in the amount of CHF 96 per bearer share was accepted by a majority of 68%. The proposal of the Board of Directors for a higher dividend was rejected.Elections Once again, the Sika board selectively restricted SWH's voting rights at today's AGM. Therefore, a majority of the Sika Board of Directors was not validly elected. Also, SWH's board candidate, Prof. Dr. Jacques Bischoff, was not elected to the Board of Directors only due to the illegal restriction of the voting rights of SWH.

Compensation Today, the opposing board members sought to retroactively obtain compensation even though they previously announced to work without compensation. All compensation claims of the board were rejected by a two-third majority. Although the decisions regarding compensation taken at the AGM are binding the board threatened to recoup compensation in court - this would violate mandatory Swiss law.

Further information: Media Relations SWH c/o Dynamics Group AG Andreas Durisch,adu@dynamicsgroup.ch Tel +41 79 358 87 32

End of Corporate News

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