EQS-Ad-hoc: ProCredit Holding AG & Co. KGaA / Key word(s): Legal Matter/Miscellaneous
ProCredit Holding AG & Co. KGaA seeks conversion into stock corporation
The General Partner of ProCredit Holding AG & Co. KGaA ("the Company") has agreed today with the shareholders of the General Partner to prepare a change of the legal form of the Company into a stock corporation (Aktiengesellschaft – AG).
In the opinion of the General Partner the planned change in legal form is in line with the positioning of ProCredit Holding AG & Co. KGaA as an internationally oriented, listed financial holding company. This legal form also offers the opportunity to achieve greater efficiency in the corporate governance structure and in the work of the company’s executive bodies. The Company's business focus and, in particular, its commitment to the impact-oriented provision of banking services through its subsidiaries, with an operational focus on South Eastern and Eastern Europe, will remain unaffected by the intended legal change.
Upon conversion, the shareholders of the Company (Kommanditaktionäre) will automatically become shareholders of the AG. The shares of the AG will also be listed on the Frankfurt Stock Exchange.
The change of legal form requires approval by the shareholders of the Company (Kommanditaktionäre) and is to be obtained at a general meeting within the next two years.
Christian Edgardo Dagrosa, Investor Relations, ProCredit Holding, Tel.: +49 69 951 437 0, e-mail: Christian.Dagrosa@procredit-group.com
About ProCredit Holding AG & Co. KGaA
ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit group, which consists of commercial banks for small and medium enterprises (SMEs). In addition to its operational focus on South Eastern and Eastern Europe, the ProCredit group is also active in South America and Germany. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The anchor shareholders of ProCredit Holding AG & Co. KGaA include the strategic investors Zeitinger Invest and ProCredit Staff Invest (the investment vehicle for ProCredit staff), the Dutch DOEN Participaties BV, KfW and IFC (part of the World Bank Group). As the group’s superordinated company according to the German Banking Act (Kreditwesengesetz), ProCredit Holding AG & Co. KGaA is supervised on a consolidated level by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank. Further information is available on the internet at www.procredit-holding.com.
14-Oct-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||ProCredit Holding AG & Co. KGaA|
|60486 Frankfurt am Main|
|ISIN:||DE0006223407, DE000A289FD2, DE000A3E5LD7, DE000A0N37P3, DE000A161YW4, DE000A3MP7Z1, DE000A289E87, DE000A3E47A7, DE000A2YN7F2, DE000A2YN017|
|Indices:||im Freiverkehr der Frankfurter Wertpapierbörse|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1464291|
|End of Announcement||EQS News Service|
1464291 14-Oct-2022 CET/CEST