The Supervisory Board of OHB AG has approved the Management Board’s resolution to convert the company into a Societas Europaea (SE). This requires the approval of the shareholders at the annual general meeting which will be taking place on July 2, 2014 in Bremen. The Company’s registered offices and headquarters will continue being in Bremen.
Upon the conversion into an SE, the previous shareholders of the OHB AG will automatically become shareholders in the OHB SE; accordingly, there will be no change in status of the shareholders. The invitation to the annual general meeting will include detailed information on the planned conversion.
By adopting SE status, OHB is responding to the growing Europeanization of space industry and the Group’s increasing intercultural structure. The change of corporate status will permit more uniform and clearer governance and promote an open and European corporate culture. At the same time, it will be easier for the future OHB SE to establish new branches within the European Union.
Conversion into an SE is to be completed by spring 2015.
Contact for investors and analysts:
Marcel Dietz
Investor Relations
Phone: +49 421 2020 6426
Email: ir@ohb.de
Contact for media representatives:
Marianne Radel
Head of Corporate Communications
Phone: +49 421 2020 9159
Email: marianne.radel@ohb.de