Major shareholders intend to restructure the board of directors of the SNP SE
September 11, 2022 at 04:11 pm EDT
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DGAP-Ad-hoc: SNP Schneider-Neureither & Partner SE / Key word(s): AGM/EGM/Restructure of Company
Major shareholders intend to restructure the board of directors of the SNP SE
11-Sep-2022 / 22:09 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.
Major shareholders intend to restructure the board of directors of the SNP SE
SNP Schneider-Neureither & Partner SE hereby announces that the shareholders Wolfgang Marguerre and SN Assets GmbH have expressed their unconditioned intention to propose to an extraordinary shareholders’ meeting to revoke the appointment of Prof. Dr. Christoph Hütten, Sebastian Reppegather and Richard Roy and to elect two new board members. Moreover, it is intended to propose to alter the smaller board of directors into a supervisory board and thereby to transition from a monistic into a dualistic governance structure. The decision of the board of directors to convoke an extraordinary shareholders’ meeting will be drawn once a valid demand for such convocation by these shareholders is made.
About SNP
SNP is one of the world’s leading providers of software for the management of complex digital transformation processes. Unlike traditional IT consulting in an ERP environment, SNP employs an automated approach that uses proprietary software. With the data transformation platform CrystalBridge(R) and the SNP BLUEFIELDTM approach, IT landscapes can be restructured and modernized much faster and more securely, and data can be securely migrated to new systems or cloud environments. This provides customers with clear qualitative benefits while also reducing their investment of time and expense.
The SNP Group has around 1,350 employees worldwide. Headquartered in Heidelberg, the company generated revenue of approximately € 167 million in the 2021 fiscal year. SNP’s customers are global corporations from all industries. SNP was founded in 1994 and has been publicly traded since 2000. As of August 2014, the company is listed on the Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0007203705). Since 2017, the company has operated as a European stock corporation (Societas Europaea/SE).
Further information is available at www.snpgroup.com
11-Sep-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
SNP Schneider Neureither & Partner SE is a Germany-based company specialized in the Information Technology (IT) Services. The Company has two operational segments: Professional Services, which offers consultancy and training services and Software that provides sale of software and maintenance contracts. It offers software and software-related services for the transformation of IT systems, as well as the optimization of service and support processes. The transformation platform is based on the experience of the more than 1,500 projects. The Company's core products include SNP Business Landscape Management (BLM SNP), which structures the consultation process with standardized modules; SNP Dragoman that automates and simplifies the entire translation process; SNP Transformation Backbone that supports SAP System Transformation, as well as Business Landscape Transformation (BLT). The Company provides services to globally operating corporations in the fields of industry, finance and service.
SNP SCHNEIDER-NEUREITHER & PARTNER SE 
