EQS-Adhoc: ABO Wind AG examines a change of legal form into a partnership limited by sharesEQS
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EQS-Ad-hoc: ABO Wind AG / Key word(s): Letter of Intent
ABO Wind AG examines a change of legal form into a partnership limited by shares
On the basis of today's discussion, the Managing Board and the Supervisory Board have agreed to examine in more detail a change of legal form of ABO Wind AG into a partnership limited by shares (abbreviation in German: KGaA) and to prepare for this by drafting the necessary documentation. In the coming months, the boards will then decide whether to submit a corresponding proposal to the General Meeting.
The background to the considered change of form is the desire to improve the company's opportunities on the capital market. Currently, the potential for capital increases is limited because the founders' families, as majority shareholders, would like to continue to exercise significant influence. After a conversion into a partnership limited by shares, their influence could remain secured as shareholders of a general partner. The well-established structure of a family-owned company, which is at the same time open for financing also via the capital market, would be preserved. This would not change if the participation of the founding families in the limited partnership capital were to fall below the threshold of a majority in the event of any capital increases.
Provided that the further examinations and decisions are positive, the Managing Board assumes that it will be possible to submit a proposal for a resolution on a change of legal form to the General Meeting before the end of this year.
End of Inside Information
01-Jun-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||ABO Wind AG|
|Unter den Eichen 7|
|Phone:||+49 (0)611 26 765 0|
|Fax:||+49 (0)611 26 765 5199|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange|
|EQS News ID:||1647383|
|End of Announcement||EQS News Service|
1647383 01-Jun-2023 CET/CEST