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Abonner Kaba Holding AG

Kaba Holding AG

euro adhoc: Kaba Holding AG
Annual & Special Corporate Meetings / All proposals of the Board of Directors ratified (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Rümlang, October 21, 2003  -  The General Meeting of Kaba Holding AG
approved all of the proposals that had been submitted by the Board of
Directors. Accordingly, shareholders will receive an unchanged
dividend of CHF 3 (gross) per registered share. Rudolf Hauser
(Chairman) Thomas Zimmermann (member) were reelected for a further
three-year term.
By approving the creation of authorized capital, Kaba’s shareholders
granted the Board of Directors the option to increase the company’s
share capital by a maximum of CHF 3.5 million by no later than
October 21, 2005. This is equivalent to the issuance of a maximum of
350,000 registered shares to be fully paid up at CHF 10 par.
As already pointed out at the press conference on September 22, 2003,
the purpose of creating authorized capital is to enhance Kaba’s
credibility and negotiation leverage in acquisition talks while
facilitating access to suitable candidate companies. Acquisitions
would be restricted to companies that can accelerate the
implementation of the «Total Access» strategy, strengthen the Kaba
Group’s earnings potential, and have a positive impact on the
development of earnings per share.
Kaba is a globally active, publicly traded security corporation. With
its «Total Access» strategy, the Kaba Group is specialized in
integrated solutions for security, organization, and convenience at
building and information access points. Kaba is also the world
market’s No. 1 provider of key blanks, key cutting and coding
machines, transponder keys, and high security locks. It is a leading
provider of electronic access systems, locks, master key systems,
hotel locking systems, security doors, and automatic doors. Further
information is available at www.kaba.com
This communication contains certain forward-looking statements
including statements using the words "believes", "assumes", "expects"
or formulations of a similar kind. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
which could lead to substantial differences between the actual future
results, the financial situation, the development or performance of
the Company and those either expressed or implied by such statements.
Such factors include, among other things: competition from other
companies, the effects and risks of new technologies, the Company's
continuing capital requirements, financing costs, delays in the
integration of acquisitions, changes in the operating expenses, the
Company's ability to recruit and retain qualified employees,
unfavorable changes to the applicable tax laws, and other factors
identified in this communication. In view of these uncertainties,
readers are cautioned not to place undue reliance on such
forward-looking statements. The Company accepts no obligation to
continue to report or update such forward-looking statements or
adjust them to future events or developments.
end of announcement        euro adhoc 21.10.2003

Further inquiry note:

Ulrich Graf, President and CEO; Phone +41 1 818 90 61
Dr. Werner Stadelmann, CFO; Phone +41 1 818 90 61

Branche: Semiconductors & active components
ISIN: CH0011795959
WKN: 1179595
Index: SPI
Börsen: SWX Swiss Exchange / official dealing

Plus de actualités: Kaba Holding AG
Plus de actualités: Kaba Holding AG