By Nathan Allen

Sika AG (SIK.EB) has called an extraordinary general meeting to propose a series of changes to its capital structure, following from the recently settled dispute with Compagnie de Saint-Gobain SA (SGO.FR).

Switzerland-based Sika said it will propose to eliminate a 6.97% stake in itself that it recently bought back from the Schenker-Winkler Holding AG via a capital reduction.

The company also said it will propose the creation of unitary registered shares with a nominal value of CHF0.01 ($0.01) each.

Sika had earlier said this would standardize voting rights among shareholders so that one share is equivalent to one vote.

Previously, Sika's founding Burkard family held a majority of voting rights, despite holding a minority stake in the company.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

May 17, 2018 02:12 ET (06:12 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Cie de SaintGobain (EU:SGO)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024 Plus de graphiques de la Bourse Cie de SaintGobain
Cie de SaintGobain (EU:SGO)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024 Plus de graphiques de la Bourse Cie de SaintGobain