Technotrans : plans conversion into European stock corporation (SE) with dual-board management system
October 09, 2017 at 10:20 am EDT
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DGAP-Ad-hoc: technotrans AG / Key word(s): Miscellaneous/Miscellaneous
technotrans Group plans conversion into European stock corporation (SE) with dual-board management system
09-Oct-2017 / 16:12 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.
Disclosure of inside information in accordance with Article 17 of MAR
Ad hoc information from technotrans AG (ISIN: DE000A0XYGA7)
Sassenberg, October 9, 2017, 3:30 pm - The Board of Management of technotrans AG has, with the consent of the Supervisory Board, resolved to prepare a form-changing conversion of the company into the legal form of a European (public limited-liability) Company (Societas Europaea, SE). It is the intention of the Board of Management and Supervisory Board to preserve a dual-board administrative system for technotrans SE comprising Board of Management and Supervisory Board. The Board of Management resolution and Supervisory Board resolution to commence preparatory activities were passed today.
The Board of Management and Supervisory Board still need to pass resolutions on the terms of conversion that remain to be drawn up. The conditions to be met for the form-changing conversion include the Annual General Meeting of technotrans AG voting in favour of the terms of conversion, and approving the Articles of Incorporation of the future technotrans SE contained in the terms of conversion. Resolution proposals to that effect are to be presented to the 2018 Annual General Meeting of Shareholders. For the form-changing conversion to be registered and therefore to take effect, a procedure for establishing arrangements for employee involvement in the future SE must also be conducted.
The conversion of legal form reflects the continuing European and international focus of the dynamically evolving technotrans Group.
09-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
technotrans AG
Robert-Linnemann-Str. 17
48336 Sassenberg
Germany
Phone:
+49 (0)2583 - 301 - 1000
Fax:
+49 (0)2583 - 301 - 1030
E-mail:
info@technotrans.de
Internet:
http://www.technotrans.de
ISIN:
DE000A0XYGA7
WKN:
A0XYGA
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
technotrans SE is a Germany-based provider of liquid cooling technologies and solutions. The Company operates through two segments: Technology and Services. The Technology segment develops and markets system solutions and machinery in the area of cooling and temperature control, which comprise the Temperature Control business unit; filtering and separating, which comprise the Fluid Conditioning business unit, and spraying and pumping of liquids, which comprise the Ink & Fluid Technology business unit. The Services segment provides related services, such as worldwide installation, repair and maintenance, supply of spare parts and consulting, as well as software and documentation. It serves clients from various industries, such as industrial printing, laser technology, stamping and forming, medical technology and electro-mobility.
TECHNOTRANS SE 
