10.04.2017
SNP Schneider-Neureither & Partner AG DE0007203705
DGAP-Adhoc: SNP Schneider-Neureither & Partner AG Forges Ahead with Internationalization / Conversion into a European Company (SE) is Planned
DGAP-Ad-hoc: SNP Schneider-Neureither & Partner AG / Key word(s): Strategic
Company Decision
SNP Schneider-Neureither & Partner AG Forges Ahead with Internationalization
/ Conversion into a European Company (SE) is Planned
10-Apr-2017 / 15:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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SNP | Insider Information Pursuant to Article 17 MAR
SNP AG Forges Ahead with Internationalization / Conversion into a European
Company (SE) is Planned
- The Executive Board and Supervisory Board will propose to the General
Meeting the conversion into a Societas Europaea (SE) and the creation of
authorized capital.
Heidelberg, April 10, 2017 - The Executive Board and Supervisory Board of
SNP Schneider-Neureither & Partner AG resolved today to propose to the
Annual General Meeting to be held on May 31, 2017, the legal conversion of
SNP Schneider-Neureither & Partner AG into a stock corporation under EU law
(Societas Europaea/SE). The conversion should further promote the
internationalization of the SNP Group.
The conversion into the European legal form of SE takes into account the
increasing significance of international business and the heightened
international orientation of the SNP Group. The basic corporate structure,
the corporate governance of the company and the listing of the share on the
previous stock exchanges remain intact.
In addition, the Executive Board and Supervisory Board are proposing to the
General Meeting the creation of authorized capital corresponding to up to
20% of the current share capital, i.e. up to EUR 995,357. The company will
provide information on its planned use and additional details in its
invitation to the General Meeting.
About SNP
SNP enables companies to successfully navigate the rapidly changing digital
environment and seize their opportunities on the market with a highly
flexible IT infrastructure. The solutions and software from SNP provide
support for M&A projects and carve-outs, allow for the integration of
previously divergent IT landscapes and promote expansion into new markets
outside of the domestic space. With SNP Transformation Backbone(R), the
company offers the world's first standardized software for automatically
assessing and implementing changes to IT systems. This provides customers
with clear qualitative advantages while notably reducing the time and
expense involved in transformation projects.
SNP AG employs over 700 people across Europe, South Africa, Asia and the
United States. Headquartered in Heidelberg, the company generated revenue of
approximately EUR 81 million in 2016. Its customers include globally
operating corporations in the industrial, financial and service sectors. SNP
AG was founded in 1994 and has been publicly traded since 2000. As of August
2014, the company is listed on the Prime Standard segment of the Frankfurt
Stock Exchange (ISIN DE0007203705).
Further information is available at www.snp-ag.com
Investor Relations Contact:
Marcel Wiskow
Tel.: +49 6221 6425-637
Fax: +49 6221 6425-470
Email: [email protected]
http://www.snp-ag.com/de/Investor-Relations/
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10-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: SNP Schneider-Neureither & Partner AG
Dossenheimer Landstraße 100
69121 Heidelberg
Germany
Phone: +49 6221 6425 637
Fax: +49 6221 6425 470
E-mail: [email protected]
Internet: www.snp-ag.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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563795 10-Apr-2017 CET/CEST
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Software , 720370 , SHF , XETR:SHF