Kardex AG

EANS-Adhoc: Kardex AG
Kardex AG Annual General Meeting approves proposals of the Board of Directors

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21.04.2009

Par value reduction of CHF 2.50 per share - Conversion of bearer shares into registered shares - Withdrawal of proposals to restrict voting rights and waive the opting-up clause

The 31st Annual General Meeting of Kardex AG on April 21, 2009 approved the proposals put forward by the Board of Directors to reduce the par value by CHF 2.50 per share instead of making a dividend pay¬ment and to convert bearer shares into registered shares. The proposals published in the invitation to the Annual General Meeting to restrict voting rights to 5% and to waive the opting-up clause were with¬drawn by the Board of Directors following recent discussions with major shareholders and institutional investors. Walter T. Vogel was re-elected to the Board of Directors for a further three-year term.

Following the capital reduction, which is scheduled to take place following entry in the commercial register in July 2009, Kardex AG´s share capital will amount to CHF 61,901,983, divided into 5,627,453 shares with a par value of CHF 11 per share.

Kardex Remstar International Group Australia, Austria, Belgium, China, Cyprus, Czech Republic, Finland, France, Germany, Hungary, India, Ireland, Italy, Malaysia, the Netherlands, Norway, Poland, Portugal, Russia, Singapore, Slovakia, Spain, Sweden, Switzerland, Turkey, UK, USA.

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.

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ots Originaltext: Kardex AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Jos De Vuyst, Chief Executive Officer
jos.devuyst@kri-group.com
Tel. +41 (0)44 386 44 15

Gerhard Mahrle, Chief Financial Officer
gerhard.mahrle@kri-group.com

Branche: Heavy Engineering
ISIN:      CH0018263415
WKN:        1826341
Index:    SPI, SPIEX, SSCI
Börsen:  SWX Swiss Exchange / regulated dealing



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