RCS - PSI Software AG - PSI Software AG Plans Change of Legal Form

PSI Software SEAnnouncement

27/04/2022 16:45

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RNS Number : 5889J  PSI Software AG  27 April 2022

 PSI Software AG / Key word(s): Miscellaneous

PSI Software AG Plans Change of Legal Form to European Stock Corporation
 (Societas Europaeas, SE) with Dualistic Management System

27.04.2022 / 16:59

The issuer is solely responsible for the content of this announcement.

 PSI Software AG Plans Change of Legal Form to European Stock Corporation
 (Societas Europaeas, SE) with Dualistic Management System

Berlin, April 27, 2022 - The Executive Board and Supervisory Board of PSI
 Software AG resolved on April 25, 2022 to prepare the conversion of the
 company into a European stock corporation (Societas Europaea, SE) with the
 name PSI Software SE by way of a change of legal form in accordance with Art.
 2 para. 4 in conjunction with Art. 37 of Council Regulation (EC) No. 2157/2001
 of October 8, 2011 on the Statute for a European stock corporation. The
 dualistic management system, consisting of an Executive Board as the
 management body and a Supervisory Board as the supervisory body, shall also
 continue under the SE legal form. The responsibilities and composition of the
 Executive Board and Supervisory Board will remain unaffected by the new
 structure. The registered office of the Company is to remain in Berlin.

The conversion into the legal form of an SE requires, among other things, that
 the Annual General Meeting of PSI Software AG approves the conversion plan and
 the Articles of Association of the future PSI Software SE contained therein.
 Corresponding resolution proposals are to be submitted for approval at the
 latest at the Annual General Meeting in May 2023. The effectiveness of the
 conversion into the legal form of an SE also requires that the procedure for
 the agreement on the involvement of the employees in the future PSI Software
 SE is completed or terminated prior to registration. According to current
 planning, the employee involvement procedure is expected to be initiated in
 May 2022.

 As a result of the SE Transformation, the legal position of the shareholders
 of PSI Software AG remains fundamentally unaffected. They will hold the same
 number of no-par value shares in PSI Software SE. In addition, the stock
 exchange trading of the shares will not be affected by the SE conversion, so
 that the shares of the future PSI Software SE will continue to bear the
 previous ISIN DE000A0Z1JH9 and WKN A0Z1JH.

 The PSI Group develops its own software products for optimizing the flow of
 energy and materials for utilities (energy grids, energy trading, public
 transport) and industry (metals production, automotive, mechanical
 engineering, logistics). The industry-specific products, which are built from
 standard components, are sold both directly and via the multi-cloud PSI App
 Store and can also be customized by customers and partners themselves. PSI was
 founded in 1969 and employs more than 2,200 people worldwide. www.psi.de

Contact:

 PSI Software AG

Karsten Pierschke

Head of Investor Relations and

Corporate Communication

Dircksenstraße 42-44

10178 Berlin

Germany

 Tel. +49 30 2801-2727

Fax +49 30 2801-1000

Email: KPierschke@psi.de

 27.04.2022 Dissemination of a Corporate News, transmitted by DGAP - a service
 of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
 Financial/Corporate News and Press Releases.

Archive at www.dgap.de

 Language:     English
 Company:      PSI Software AG
               Dircksenstraße 42-44
               10178 Berlin
               Germany
 Phone:        +49 (0)30 2801-0
 Fax:          +49 (0)30 2801-1000
 E-mail:       ir@psi.de
 Internet:     www.psi.de
 ISIN:         DE000A0Z1JH9
 WKN:          A0Z1JH
 Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in
               Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
 EQS News ID:  1337031

 

 End of News  DGAP News Service

1337031  27.04.2022

 

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