The Supervisory Board of OHB AG has approved the Executive Board’s resolution to convert the company into a European Company (Societas Europaea, SE). The change in legal form is still subject to approval by the Annual General Meeting, which will take place on July 2, 2014, in Bremen. The company’s registered office and headquarters will remain in Bremen.
Upon conversion to an SE, the existing shareholders of OHB AG will automatically become shareholders of OHB SE; the shareholders’ ownership interests will thus remain unchanged. Shareholders will receive detailed information regarding the planned conversion along with the invitation to the Annual General Meeting.
By pursuing its conversion into an SE, OHB is responding to the increasing Europeanization of the space industry and the growing intercultural structure within the group. The change in legal form enables more uniform and transparent governance and promotes an open and European corporate culture. At the same time, the future OHB SE will be able to establish new branches within the European Union more easily.
The conversion of OHB AG into an SE is expected to be completed by spring 2015.