In its decision of October 27, 2016, the Cantonal Court (“Kantonsgericht”) Zug denied all requests of Schenker-Winkler Holding AG (SWH). The Court held that the share transfer restriction (“Vinkulierung”, art. 4 of Sika’s articles of association) applies to the sale of the Sika shares held by SWH to Saint-Gobain.
The non-conflicted Board members welcome the decision as it confirms their position and legitimizes the actions of Sika’s Board. The non-conflicted Board members re-emphasize that they continue to be available for discussions with the Burkard family to find an amicable solution that is in the best interest of all stakeholders.
A media conference will be today at 8:00 p.m. CETheld today at 8.00 p.m. CET at Sika, Tüffenwies 16, 8048 Zurich.
The media conference will be transmitted live on the Sika website.