Sika approaches FINMA regarding disclosure duty breach

Date: 29 April 2015

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.

600450 Sika approaches FINMA regarding disclosure duty breach glassonweb.com

Others also read

Abrisa Technologies has acquired Agama Glass Technologies, strengthening its East Coast presence and adding advanced glass etching capabilities to its portfolio.
From 12 to 14 June 2025, CMS Open House in Zogno (BG), Italy, will showcase live demos, factory tours, and the latest CNC and digital innovations.
Cornwall Group celebrates 25 years of partnership with Saint-Gobain Glass, built on shared values of quality, innovation, and resilience.
GPD 2025 is gathering the glass industry together to share latest insights, and celebrate the great work done by the distinguished people in the industry.
FOREL North America is pleased to announce the appointment of Chris Campbell as Area Sales Manager for Western Canada and the USA, effective today.
Schiatti Angelo Srl is proud to introduce GTW as one of its valued agents in the German market.

Add new comment

From industry