Duisburg/Wesel, June 30, 2010
ALTANA: Annual General Meeting passes squeeze out resolution
- Stock exchange listing ends after entry into the Commercial Register
- Dividend of 4 cent per share
At the company’s Annual General Meeting in Duisburg the shareholders of the specialty chemicals Group ALTANA AG have approved the transfer of the remaining shares to the company’s main shareholder SKion GmbH. As of February 2, 2010, SKion holds 95.04 percent of the shares in ALTANA. Once the so called squeeze out, which has now been approved by the shareholders, has been entered into the Commercial Register, the remaining shares will be transferred to SKion in return for a cash compensation of €15.01 per share. Thereafter the trading of the ALTANA shares will be discontinued on the stock exchanges. ALTANA has been listed on the stock market for 33 years.
Furthermore, the Annual General Meeting has approved the dividend proposal made by the Management and Supervisory Boards. As a result, the shareholders receive a dividend of 4 cent per share for the past business year. The remaining income will be allocated to retained earnings.
This press release contains forward-looking statements, i.e. current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA as well as assumptions made by and information currently available to ALTANA. Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.
ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine “global player” with 84% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.
ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.
At present, the ALTANA Group has 35 production facilities and 47 service and research laboratories worldwide. Throughout the group about 4,800 people work to ensure the success of ALTANA worldwide. In 2009 ALTANA achieved sales of about 1.2 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.