REpower striving for change in legal form to European Company (SE) (Germany)

REpower Systems AG (WKN 617 703) is preparing to transform itself into a European Company (Societas Europaea, SE). The Executive Board and the Supervisory Board today each resolved to propose the transformation of the legal form of the company from a German stock corporation (AG) to a European Company at the Annual General Meeting planned for October 25, 2010. The company’s domicile and headquarters will remain in Hamburg.

The shareholders of REpower Systems AG will receive detailed information on the planned transformation in the course of September together with the invitation to and agenda for the Annual General Meeting.

The change in legal form from an AG to an SE reflects REpower’s European and international outlook. In particular, the form of a European Company highlights the growing significance of REpower’s international and pan-European business activities and externally expresses its predominantly international corporate culture.

The change in legal form of REpower Systems AG into an SE will not lead to the dissolution of the company or the formation of a new legal entity. The company will retain its legal and business identity. This change will also not affect shareholders’ investments in REpower.

[mappress]

Source: repower, September 09, 2010