20.04.2016 RIB Software AG (RIB) prepares for conversion to a European Company (SE) - New legal form reflects RIB's international focus - No implications for the operational business - Shareholders' interests and dividend entitlements not affected Stuttgart, 20 April 2016. RIB Software AG will submit a proposal to its shareholders at the Annual General Meeting to be held on 31 May 2016 to convert the company to a European Company (Societas Europaea - SE). The conversion to the supranational legal form of an SE will reflect the company's transnational business activities and focus. The company holds interests in a total of 34 subsidiaries, of which eight have registered offices in Germany and another six have registered offices in other member states. Given this background, the SE is an appropriate legal form for RIB Software AG as the operational holding company of the Group: - With its international, modern image, the SE will strengthen RIB Software AG's position as a European company with registered offices in Germany; - The SE's supranational legal form will facilitate RIB Software AG's presence in the other member states; - The current dualistic system of corporate management at RIB Software AG, with both an Executive Board and a Supervisory Board, can be transferred to a monistic management system that is now customary internationally. This system combines the management and supervisory responsibility in one Administrative Board. In Europe, the SE is the only supranational legal form available that, as a stock corporation, is comparable to a limited company and allows a one-tier management structure and permits a stock exchange listing. It highlights the significance of the company's international business and offers a presence in line with the activities of the RIB Group. This important milestone will foster the company's further development and best serve the interests of our shareholders and the company. Of the eight persons proposed for appointment as members of the Board of Directors of the SE, five are currently members of the Supervisory Board and three of the Executive Board of the company. In the case of their appointment as members of the first Board of Directors of the SE, the current Chairman of the Executive Board, Thomas Wolf, shall be proposed as a candidate for Chairman of the Board of Directors, and the current Chairwoman of the Supervisory Board, Sandy Möser, shall be proposed as a candidate for Deputy Chairwoman of the Board of Directors. About RIB Group End of Media Release Issuer: RIB Software AG Key word(s): Information technology 2016-04-20 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. |
Language: | English | |
Company: | RIB Software AG | |
Vaihinger Str. 151 | ||
70567 Stuttgart | ||
Germany | ||
Phone: | +49 (0)711-7873-0 | |
Fax: | +49 (0)711-7873-311 | |
E-mail: | info@rib-software.com | |
Internet: | www.rib-software.com | |
ISIN: | DE000A0Z2XN6 | |
WKN: | A0Z2XN | |
Indices: | TecDAX | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Terminbörse EUREX | |
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