As Managing Partner of the proxy firm Expert Corporate Governance Service Ltd (« ECGS »), Proxinvest is proud to invite investors to join a support group created by our swiss partner ETHOS to defend the minority shareholder rights in the SIKA case (CH0000587979).
Indeed, Ethos and 11 shareholders filed a shareholder resolution at Sika to demand the removal of the opting out clause. The resolution will be voted on at the extraordinary general meeting of Sika which was announced and will take place in the first quarter of 2015.
In order to mobilize a maximum number of minority shareholders in favor of the resolution, Ethos has created a support group for this resolution. Ethos invites all shareholders, be they institutional or private, to join the support group. By joining the group, the shareholder demonstrates his/her support for a resolution that aims to remove an unjustified clause that serves only to favor in a financial manner the controlling shareholder to the detriment of the minority shareholders. Such unequal treatment of shareholders is unacceptable and the same offer should be made to every shareholder of SIKA.