RIB Software AG accomplishes the conversion into a European Stock Company
Stuttgart, 03 April 2017. RIB Software AG, the world’s leading provider of 5D BIM Big Data technology for the construction industry, has entered into a European Stock Company (Societas Europaea / SE) and is now trading as RIB Software SE. The new legal form has today been registered in the commercial register and thus has become formally effective.
The conversion into the supranational legal form of the SE is intended to take account of the transnational business activity and orientation of the company.
The Annual General Meeting on 31 May 2016 had decided on the conversion following the submission of the corresponding resolution by the Executive Board and the Supervisory Board. The RIB Software SE has a monistic management system.
The Administrative Board of RIB Software SE consists of eight members, five of which are members of the Supervisory Board and three members of the Executive Board of the company up top now. The former Chairman of the Executive Board, Thomas Wolf, has been elected as the Chairman and the previous Chairwoman of the Supervisory Board, Sandy Möser, as Deputy Chairwoman of the Board of Directors. Managing Directors are the former members of the Executive Board, Thomas Wolf, Michael Sauer and Helmut Schmid.
The rights of shareholders and employees are not affected by the change of the legal form. The company headquarters remains Stuttgart.
The shareholders of RIB Software AG have automatically become shareholders of RIB Software SE upon the implementation of the conversion. There are also no effects on the stock exchange trading of RIB Software shares.