2020

14.04.2020 – Kardex AG

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

Kardex AG / Key word(s): AGMEGM
Annual General Meeting of Kardex AG approves all motions by the Board of
Directors

14-Apr-2020 / 17:55 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Media Information

Zurich, 14 April 2020

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

The 42nd 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 43rd 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

     Agenda
     30 July 2020     Publication Interim Report 2020
                      Conference Call for Media and Analysts
     4 March 2021     Publication Annual Report 2020
                      Conference Call for Media and Analysts
     15 April 2021    Annual General Meeting 2021
                      SIX ConventionPoint, Zurich, Switzerland
     29 July 2021     Publication Interim Report 2021
                      Conference Call for Media and Analysts
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.

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