EANS-Adhoc: Kardex AG / Kardex AG Annual General Meeting approves proposals of the Board of Directors

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

21.04.2009

Par value reduction of CHF 2.50 per share - Conversion of bearer shares into
registered shares - Withdrawal of proposals to restrict voting rights and waive
the opting-up clause

The 31st Annual General Meeting of Kardex AG on April 21, 2009 approved the
proposals put forward by the Board of Directors to reduce the par value by CHF
2.50 per share instead of making a dividend pay¬ment and to convert bearer
shares into registered shares. The proposals published in the invitation to the
Annual General Meeting to restrict voting rights to 5% and to waive the
opting-up clause were with¬drawn by the Board of Directors following recent
discussions with major shareholders and institutional investors. Walter T. Vogel
was re-elected to the Board of Directors for a further three-year term.

Following the capital reduction, which is scheduled to take place following
entry in the commercial register in July 2009, Kardex AG´s share capital will
amount to CHF 61,901,983, divided into 5,627,453 shares with a par value of CHF
11 per share.

Kardex Remstar International Group
Australia, Austria, Belgium, China, Cyprus, Czech Republic, Finland, France,
Germany, Hungary, India, Ireland, Italy, Malaysia, the Netherlands, Norway,
Poland, Portugal, Russia, Singapore, Slovakia, Spain, Sweden, Switzerland,
Turkey, UK, USA.

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 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.

Further inquiry note:
Jos De Vuyst, Chief Executive Officer
jos.devuyst@kri-group.com
Tel. +41 (0)44 386 44 15

Gerhard Mahrle, Chief Financial Officer
gerhard.mahrle@kri-group.com

end of announcement euro adhoc
--------------------------------------------------------------------------------

emitter:      Kardex AG
              Thurgauerstrasse 40
              CH-8050 Zürich
phone:        +41 44 386 44 15
FAX:          41 44 386 44 17
mail:         info@kri-group.com
WWW:          www.kri-group.com
sector:       Heavy Engineering
ISIN:         CH0018263415
indexes:      SPI, SPIEX, SSCI
stockmarkets: regulated dealing: SWX Swiss Exchange 
language:     English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB

print