Moves its registered office from Luxembourg to Germany

The two Extraordinary General Meetings of Stabilus SE last week approved the transfer of the company’s registered office from Luxembourg to Germany with an attendance rate of 78.3 percent and an approval rate of 100 percent.

The transfer of the registered office will become effective upon registration of the company in the German Commercial Register. Stabilus will report on this in a separate corporate news item on the day of registration.

In addition to the transfer of the registered office, the new Articles of Association of Stabilus SE, the new authorized capital and the conversion of dematerialized shares into bearer shares were resolved. The new Articles of Association authorize the Executive Board, with the approval of the Supervisory Board, to increase the company’s share capital by a maximum of 2.47 million euros, i.e. by a maximum of 10 percent, by issuing new shares over the next five years. Furthermore, the Extraordinary General Meeting confirmed the mandates of the Supervisory Board members with an approval rate of 99.6 percent.

“We are pleased about the strong approval of the shareholders for the relocation of the registered office as well as for the new articles of association,” emphasizes Dr. Stephan Kessel, Chairman of the Supervisory Board of Stabilus SE. “The relocation of the registered office will lead to a simplification of the Group’s structures and thus to a reduction of complexity, which at the same time will result in cost savings and efficiency gains. In the future, both the Group headquarters and the stock exchange listing of Stabilus SE will be in Germany.”