The Supervisory Board and Management Board of Elmos Semiconductor AG have decided to make preparations for the conversion of the company into a European stock corporation (Societas Europaea – SE). That will help position Elmos as an international, European company. The tried-and-tested two-tier system consisting of its Management Board and Supervisory Board will remain unchanged.
Elmos Semiconductor AG’s Annual General Meeting in May 2020 will decide on the change of legal form. The process of reaching an agreement about employee representation at the future Elmos Semiconductor SE has already begun.
The new legal form will not have any direct effects on operational business. The legal status of shareholders will also remain fundamentally unaffected by the planned conversion. They will retain the same number of no-par-value shares in Elmos Semiconductor SE as they held in Elmos Semiconductor AG before the conversion.
About Elmos
Elmos develops, produces and markets semiconductors and sensors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For over 30 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient.
Contact
Elmos Semiconductor AG, Thalea Blunk, Heinrich-Hertz-Str. 1, 44227 Dortmund/Germany, Telephone: +49 231-7549-0, Extension: -273, Fax: +49 231-7549-111, invest@elmos.com, www.elmos.com