03.09.2018
KWS SAAT SE DE0007074007
DGAP-Adhoc: KWS SAAT SE: KWS plans a change in legal form and a stock split
DGAP-Ad-hoc: KWS SAAT SE / Key word(s): Corporate Action/Strategic Company
Decision
KWS SAAT SE: KWS plans a change in legal form and a stock split
03-Sep-2018 / 19:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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KWS plans a change in legal form and a stock split
Einbeck, September 3, 2018. The Supervisory Board and Executive Board of KWS
SAAT SE decided today to prepare a change in legal form to a partnership
limited by shares (KGaA) and a stock split at a ratio of 1:5.
As part of the change in legal form, KWS SAAT SE would be converted into an
SE & Co. KGaA. The aim of the change in form is to sustainably further the
company's continuing growth strategy. As a KGaA, KWS will be able to
leverage future growth opportunities with greater agility and flexibility
and raise the equity required for that without losing the company's
character as a listed family business.
As part of the change in legal form, the newly formed KWS SE will join the
company as general partner. It will be majority owned by investment
companies of the shareholder families C.-E. Büchting and Arend Oetker. Its
Executive Board will be identical to the current Executive Board of KWS SAAT
SE. The change of legal form will not result in liquidation of the company
or formation of a new legal entity. The company's legal and economic
identity will be retained.
In order to increase the share's fungibility, a stock split at a ratio of
1:5 is being prepared. Concurrently, there is to be a capital increase from
company funds, i.e. reserves will be converted into capital stock. The stock
split will not result in any changes to the stakes held. The shareholders do
not need to make any additional cash payments.
Executive Board and Supervisory Board are still to decide on the agenda of
the forthcoming Annual Shareholders' Meeting on December 14, 2018.
The Executive Board
Contact:
Notifying person:
Wolf-Gebhard von der Wense
Head of Investor Relations
Phone: +49-5561-311-968
Mobile: +49-151-18855673
[email protected]
KWS SAAT SE
www.kws.de
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03-Sep-2018 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: KWS SAAT SE
Grimsehlstraße 31
37555 Einbeck
Germany
Phone: +49 (0)5561 311-0
Fax: +49 (0)5561 311-322
E-mail: [email protected]
Internet: www.kws.de
ISIN: DE0007074007
WKN: 707400
Indices: S-DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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720239 03-Sep-2018 CET/CEST
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