EQS-Adhoc: Annual General Meeting of Kardex AG approves all motions by the Board of Directors

EQS Group-Ad-hoc: Kardex AG / Key word(s): AGM/EGM Annual General Meeting of Kardex AG approves all motions by the Board of Directors

2016-04-21 / 17:45 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement.

Media information

Zurich, 21 April 2016

Annual General Meeting of Kardex AG approves all motions by the Board of Directors

The 38th ordinary Annual General Meeting of Kardex AG took place today. The meeting was attended by 58 shareholders. A total of 59.10% of the company's voting share capital was represented. All motions put forward by the Board of Directors to the Annual General Meeting were approved.

The proposed dividend payment of CHF 3.00 per registered share by a reduction of the nominal value of registered shares from CHF 10.35 to CHF 7.35 has been approved by the shareholders. The pay-out will take place approximately at the beginning of July 2016.

All members of the Board of Directors proposed for re-election were confirmed for a further term of office of one year. Mr. Philipp Buhofer was re-elected Chairman of the Board of Directors. Mr. Felix Thöni former Executive Director will be the new Vice Chairman of the Board of Directors.

Furthermore, the remuneration report 2015 has been agreed upon a non-binding consultative vote and the motions regarding the maximum total compensation for the Board of Directors until the next ordinary General Meeting and for the Management Board for the financial year 2017 have been approved.

The 39th ordinary Annual General Meeting of Kardex AG will take place on 20 April 2017 in Zurich.

Contact Edwin van der Geest, Investor Relations Tel. +41 44 419 44 79 / Mobile +41 79 330 55 22 investor-relations@kardex.com www.kardex.com

Agenda 11 August 2016 Publication Interim Report 2016 Conference Call for Media and Analysts 08 March 2017 Publication Annual Report 2016 Media and Analysts Conference year-end 2016 SIX Swiss Exchange, Zurich 20 April 2017 Annual General Meeting 2017 SIX Swiss Exchange, Zurich 10 August 2017 Publication Interim Report 2017 Conference Call for Media and Analysts

Kardex Group - Corporate Profile

The Kardex Group is a global industry partner for intra-logistic solutions and a leading supplier of automated storage solutions and material handling systems. The Group consists of two entrepreneurially managed divisions, Kardex Remstar and Kardex Mlog. Kardex Remstar develops, produces and maintains dynamic storage and retrieval systems and Kardex Mlog offers integrated materials handling systems and automated high-bay warehouses. The two divisions are partners for their customers over the entire life cycle of a product or solution. This begins with the assessment of customer requirements and continues through planning, realization and maintenance of customer-specific systems. It ensures a high level of availability combined with low total cost of ownership and operation. Around 1 500 employees in over 30 countries work for the Kardex Group. Kardex AG has been listed on the SIX Swiss Exchange since 1987.

Disclaimer

This communication can contain 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.

End of ad hoc announcement

+++++ Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=ONCTVFYLRE Document title: Kardex_AGM2016_21042016

2016-04-21 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release. Language: English Company: Kardex AG Thurgauerstrasse 40 8050 Zürich Switzerland Phone: +41 (0)44 419 44 79 E-mail: investor-relations@kardex.com Internet: www.kardex.com ISIN: CH0100837282 Valor: 100837282 Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart; Open Market in Frankfurt ; SIX

End of News EQS Group News Service 456595 2016-04-21

(END) Dow Jones Newswires

   April 21, 2016 11:45 ET (15:45 GMT)- - 11 45 AM EDT 04-21-16