Sika approaches FINMA regarding disclosure duty breach

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
Date: 29 April 2015
Source: www.sika.com

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