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Corporate News

VERBIO intends conversion into a European Company (Societas Europaea, SE)

Leipzig, February 21, 2023 – In an ad hoc press release yesterday evening, VERBIO Vereinigte BioEnergie AG announced its intention to convert the Company into a European Company (Societas Europaea, SE) with the name VERBIO SE. It is planned to present a resolution to convert the Company into an SE at an extraordinary General Shareholders’ Meeting to be held in the second half of 2023.

The Management Board of VERBIO considers the European Company to be a modern legal form for a limited corporation that is suitable and appropriate in the long term for VERBIO’s size and internationality. “We are driving climate protection forward worldwide with our innovations and our leading technologies.” said Claus Sauter, CEO of the VERBIO Group. “The SE, as an international legal form, underlines the global nature of our operations and the conversion is a logical step in continuing our sustainable growth strategy”.

The Company’s current dual structure with its separate Supervisory and Management Boards will be retained. Shareholders’ rights will also remain unchanged. The change in legal form will not result in any changes for VERBIO’s business partners or employees. The Company's registered office is to remain in Zörbig. The legal position of the Company’s shareholders are not affected by the conversion. Shareholders will receive the same number of shares in VERBIO SE. There will be no change to shareholders’ rights or to the trading arrangements for the Company’s shares on the stock exchange as a result of the conversion.


Important notice

This publication contains forward-looking statements that are based on assumptions and estimates made by the management of VERBIO Vereinigte BioEnergie AG. Although the Company’s management is of the opinion that these assumptions and estimations are realistic, actual future developments and actual future results may differ significantly from these assumptions and estimates due to a variety of factors. For example, these factors can include changes to the overall economic climate, changes to the legal and regulatory framework in Germany and the EU, and changes in the industry. VERBIO can give no guarantee and accepts no liability as to whether future development and the results actually achieved in future will match the assumptions and estimates made in this publication.

Your contact person

Alina Köhler
Head of Investor Relations and Corporate Strategy Manager

E-Mail: ir@verbio.de

Contact IR
Katharina Manok
Investor Relations Manager
T: +49 (0) 341 30 85 30 676
E-Mail: ir@verbio.de

Contact ESG
Isha Mohanty
ESG Manager
T: +49 (0) 341 30 85 30 667
E-Mail: ir@verbio.de