TIDMCOD
RNS Number : 1483M
Compagnie de Saint-Gobain
04 May 2015
Paris, May 4, 2015
FINMA decision once again confirms the validity of the opt-out
clause
Saint-Gobain welcomes the decision of FINMA (Swiss financial
markets authority) which, following other positive decisions,
confirms Sika's articles of association and does not express any
reservations as regards the application of the opt-out clause in
the case of Saint-Gobain. This opt-out clause exempts Saint-Gobain
from launching a compulsory offer due to the acquisition of
Schenker-Winkler Holding (SWH). FINMA's decision puts an end to the
allegation relating to an abuse of rights claimed by Sika.
This fourth favorable decision on the validity of the opt-out
clause confirms the legitimacy of the transaction between the
Burkard family and Saint-Gobain.
It reinforces Saint-Gobain's determination to complete an
industrial project that will allow Sika and Saint-Gobain to
increase their sales and profitability, thereby creating value for
all their shareholders.
The delaying tactics of certain Sika Board members with the sole
intention of deferring the closing of the transaction can only have
negative consequences for all Sika stakeholders: delay in the
implementation of the industrial logic, thus postponing the value
creation for all shareholders; prolonged insecurity for the
managers and the employees; extended uncertainties for customers
and suppliers.
The time has come to act in the best interest of all Sika
stakeholders and to start constructive discussions on the future
governance of the company. Saint-Gobain has been and will always be
open to such discussions with the Sika Board members.
ABOUT SAINT-GOBAIN
In 2015, Saint-Gobain is celebrating its 350(th) anniversary,
350 reasons to believe in the future. Backed by its experience and
its capacity to continuously innovate, Saint-Gobain, the world
leader in the habitat and construction market, designs,
manufactures and distributes high-performance and building
materials providing innovative solutions to the challenges of
growth, energy efficiency and environmental protection. With 2014
sales of EUR41 billion, Saint-Gobain operates in 64 countries and
has over 180,000 employees. For more information about
Saint-Gobain, visit www.saint-gobain.comand the twitter account
@saintgobainor download the "Saint-Gobain Shareholder" application
for tablet and smartphone.
Analyst/Investor Relations Media Relations
----------------------------------------- ------------------------------------------------------------
+33 1 47 62 32
52 +33 1 47 62
Gaetano Terrasini +33 1 47 62 44 30 48
Vivien Dardel 29 +33 1 47 62 Sophie Chevallon +33 1 47 62
Marine Huet 30 93 Susanne Trabitzsch 43 25
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