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Nanogate Plans Transformation into Societas Europaea
New legal form will strengthen international focus / Resolution to transform company into an SE expected to be passed at shareholders' meeting on June 29, 2017
The proposal by the Supervisory Board and Management Board is expected to be approved at the shareholders’ meeting on June 29, 2017. The company will retain its proven organizational structure with its Management Board and Supervisory Board. The existing rights of shareholders and employees will be unaffected. The Supervisory Board will continue to be elected exclusively at the shareholders’ meeting and therefore by the shareholders. The Group’s headquarters will also remain in Quierschied-Göttelborn (Saarland). The transformation of the legal form into a societas Europaea (SE) is expected to be completed by the end of the year.
Ralf Zastrau, CEO of Nanogate AG, commented, “Nanogate has established itself in recent years as a global company and generates more than half its sales outside Germany. Its international business is expected to continue growing in the future. We also have facilities of our own in various countries on both sides of the Atlantic. At the same time, Nanogate is attracting an increasing number of foreign investors. The aim of the planned transformation is to highlight our international market focus in particular and raise our profile in the capital market.”
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This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Nanogate AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). No offer or sale of transferable securities is being made to the public.
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