Kardex AG  / Key word(s): AGM/EGM

25.04.2013 19:15

Release of an ad hoc announcement pursuant to Art. 53 KR
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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.


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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. 
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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
 
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