Clariant recommends repeal of restriction on voting rights
Muttenz, 15 February 2012 – Clariant will propose the repeal of the restriction on voting rights for shareholders with a participation of more than 10% of the share capital to the 17th Annual General Meeting on 27 March 2012. In doing so, the Board of Directors is taking up an identical proposal submitted to the company by shareholder zCapital AG (Zug, Switzerland) on 2 February 2012.
In accordance with Article 12 of Clariant’s current Articles of Association, each share has the right to one vote. However, a shareholder can only vote for his own shares and for represented shares up to a combined maximum of 10% of total share capital. By removing the voting restriction, the Board of Directors is following the trend for the “one share, one vote” principle.