Kardex AG / Key word(s): AGM/EGM 25.04.2013 19:15 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- Media release Zurich, 25 April 2013 Kardex Group Annual General Meeting approves all proposals by the Board of Directors The 35th ordinary Annual General Meeting of Kardex AG took place today in Zurich. A total of 45.18% of the company's voting share capital was represented at this Annual General Meeting. All proposals put forward by the Board of Directors were approved with a clear majority. In particular, the shareholders were able to approve the distribution of a dividend for the first time since 2009. This will be made in the form of a repayment of capital contributions taken entirely from the statutory reserves worth around CHF 1.20 per registered share. This dividend payment will be made on 3 May 2013 (Ex-Day 29 April 2013) and is not subject to withholding tax. Shareholders who hold their shares in private assets are also not liable for income tax. Current Board members Philipp Buhofer, Walter Vogel, Felix Thöni, Jakob Bleiker and Ulrich Looser were re-elected for a term of office of one year. At the same time, the Board of Directors updated shareholders about the current situation of the planned sale of the Kardex Stow Division that was announced in late 2012. The industrial partner was not able to secure financing for the purchase so far. Nevertheless, it is foreseen to sign a conditional share purchase agreement (SPA) within the next two weeks which includes an adequate break-up fee should the purchaser not be able to secure financing of the transaction until the end of July 2013. After the signing of the sales agreement the competition authorities will be asked to consent to this transaction, a procedure which usually lasts about two months. Therefore, closing of the transaction would be expected in the third quarter 2013. Kardex will inform about further details once the sales agreement has been signed. The 36th ordinary Annual General Meeting of Kardex AG will take place on 24 April 2014 in Zurich. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Contact for media and investors: Edwin van der Geest Investor Relations investor-relations@kardex.com Tel. +41 79 330 55 22 www.kardex.com Calendar of events: 22 August 2013 2013 Half-year-closing, Publication Interim Report 2013 13 March 2014 2013 Year-end-closing, Publication Annual Report 2013 2014 Media and analysts' conference 24 April 2014 2014 Annual General Meeting Kardex Group - Corporate Profile The Kardex Group is a leading supplier of static and automated storage solutions and materials handling systems. It consists of the three corporate divisions Kardex Remstar, Kardex Stow and Kardex Mlog. Kardex Remstar develops, produces and maintains shuttles and dynamic storage and retrieval systems, Kardex Stow static storage systems, pallet shuttles and automated mobile shelving systems and Kardex Mlog integrated materials handling systems and automated high-bay warehouses. All divisions are partners for their customers over the entire lifecycle of a product or solution. This starts with an assessment of customer requirements and continues via the planning, realization and implementation of customer-specific systems through to ensuring a high level of availability and low lifecycle costs by means of customer-oriented lifecycle management. More than 2 000 employees in over 30 countries worldwide work for the companies of the Kardex Group. Disclaimer This communication contains statements that constitute 'forward-looking statements'. In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond Kardex's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Kardex's past and future filings and reports and in past and future filings, press releases, reports and other information posted on Kardex Group companies' websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Kardex disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise. 25.04.2013 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: Kardex AG Thurgauerstrasse 40 8050 Zürich Switzerland Phone: +41 (0)44 419 44 79 Fax: E-mail: investor-relations@kardex.com Internet: www.kardex.com ISIN: CH0100837282 Swiss Security Number: A0RMWK Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in Open Market ; SIX End of Announcement EquityStory News-Service ---------------------------------------------------------------------------