PATRIZIA SE
DGAP-Ad-hoc: PATRIZIA AG / Key word(s): Miscellaneous
PATRIZIA AG: PATRIZIA to align legal structure to reflect its grown international business activity
30-Jul-2021 / 14:50 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.
=----------------------------------------------------------------------------------------------------------------------
Publication of insider information pursuant to Article 17 MAR
PATRIZIA to align legal structure to reflect its grown international business activity - conversion to SE ensures
management stability - new committees to further strengthen corporate governance
Augsburg, 30 July 2021 - The Management Board of PATRIZIA AG has on 29 July 2021 decided, with today's approval by its
Supervisory Board, to initiate the conversion of PATRIZIA AG into the legal form of a European company ("Societas
Europaea" or "SE") by 2022.
The former dualistic management system of the Management and Supervisory Board will in future be adapted to the
internationally customary monistic management system, with a single Board of Directors supplemented by Executive
Directors.
It is intended that the founder, Chairman of the Management Board and CEO of PATRIZIA AG, Wolfgang Egger, will join the
Board of Directors and continue his role as CEO. The Management Board contract of Wolfgang Egger has recently been
extended until end of June 2024, ensuring continued management stability. The group of Executive Directors outside of
the Board of Directors is expected to mainly consist of the current members of the Management Board.
Further independent non-executive directors will be joining the Board of Directors. It is intended that the Board of
Directors will be chaired by an independent non-executive director. PATRIZIA had already announced its plans to
strengthen the Supervisory Board's profile and diversity on 11 May 2021. The company also plans to strengthen its
Supervisory Board governance with the initiation of an audit committee following its 14 October 2021 annual general
meeting.
The conversion into the legal form of a European company requires, among other things, approval by shareholders of
PATRIZIA AG. Corresponding resolution proposals are to be submitted to the 2022 annual general meeting for approval,
which is planned to be held on 1 June 2022.
The legal position of the shareholders of PATRIZIA AG remains principally unaffected by conversion into a European
company. They will hold the same number of no-par-value registered shares in PATRIZIA SE. Furthermore, the stock
exchange trading of the shares will remain unaffected by the SE conversion.
Contact:
Martin Praum
Head of Investor Relations
Phone: +49 (0)821 50910-402
investor.relations@patrizia.ag
=----------------------------------------------------------------------------------------------------------------------
30-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and
Press Releases.
Archive at www.dgap.de
=----------------------------------------------------------------------------------------------------------------------
Language: English
Company: PATRIZIA AG
Fuggerstraße 26
86150 Augsburg
Germany
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: investor.relations@patrizia.ag
Internet: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1223080
End of Announcement DGAP News Service
=------------ 1223080 30-Jul-2021 CET/CEST
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1223080&application_name=news(END) Dow Jones Newswires
July 30, 2021 08:50 ET (12:50 GMT)
