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Annual General Meeting approves all proposals by the Board of Directors

Media release Zurich, 25 April 2013 Kardex Group Annual General Meeting approves all proposals by

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

Tel. +41 79 330 55 22


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.




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.


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Language: English

Company: Kardex AG

Thurgauerstrasse 40

8050 Zürich


Phone: +41 (0)44 419 44 79




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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