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

Media Information

Zurich, 14 April 2020

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

The 42^nd ordinary Annual General Meeting of Kardex AG took place today. Due to the ordinance of the Federal Council (COVID-19 Ordinance 2), no shareholders were allowed to attend the meeting. A total of 71.95% of the company's share capital was represented by the independent proxy. All motions put forward by the Board of Directors to the Annual General Meeting were approved.

The proposed dividend payment of CHF 4.50 per registered share has been approved by the shareholders. The pay-out will take place on 20 April 2020.

All members of the Board of Directors proposed for re-election were confirmed for a further term of office of one year. The two newly proposed board members, Mr. Eugen Elmiger and Mr. Andreas Häberli, were also elected by a large majority. Mr. Philipp Buhofer was re-elected Chairman of the Board of Directors.

The proposed amendment to the Articles of Incorporation to rename Kardex AG as Kardex Holding AG was approved. In this context, the Kardex Group's corporate identity will also change slightly. In order to strengthen the umbrella brand and create a clearer hierarchy to the Kardex Remstar and Kardex Mlog brands, the Kardex Group will appear only under the KARDEX brand. As a result, the previous "Group" suffix will no longer apply.

The 43^rd ordinary Annual General Meeting of Kardex Holding AG will take place on 15 April 2021 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

Kardex - Corporate Profile

Kardex 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 lifecycle of a product or solution. This begins with an assessment of customer requirements and continues via the planning, realization and implementation of customer-specific systems through to ensuring a high level of availability and low lifecycle costs by means of customer-oriented lifecycle management. Around 1 900 employees in over 30 countries work for Kardex.

Disclaimer

This communication contains 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 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.

Privacy policy

You have registered with us for our ad hoc announcements and are therefore entered in Kardex AG's list of recipients and regularly receive price-sensitive or current information about our company. The protection of your personal data is very important to us and we implement this throughout the entire life cycle of personal data in compliance with the applicable data protection regulations. You can find further information about data protection on our website under
Privacy Statement.
Recipients of our communications have the option at any time of revoking their registration for ad hoc communications for the future or requesting information from Kardex AG about their own personal data that has been processed or their deletion. Please send us an e-mail to
investor-relations@kardex.com.