The management board of update software AG resolved in its meeting today to initiate the process of a delisting of the company's shares. To this end, the board will determine in the coming weeks whether to submit an application for withdrawal of the listing of its shares on the regulated market (General Standard) (regular delisting) or if a corporate restructuring measure (e.g. changing its legal form from a joint stock company (AG) to a limited liability company (GmbH)), in the course of which the company's stock exchange listing would expire (cold delisting), should be preferred.
At the present point in time, the management board of update software AG tends toward taking a corporate restructuring measure. The final decision, however, will be taken only after a detailed examination of the legal possibilities and the advantages and disadvantages of each option. Furthermore, from today's viewpoint, the management board expects that the delisting of the company's shares will take place in the second or third quarter of 2015.
At the present point in time, the management board of update software AG tends toward taking a corporate restructuring measure. The final decision, however, will be taken only after a detailed examination of the legal possibilities and the advantages and disadvantages of each option. Furthermore, from today's viewpoint, the management board expects that the delisting of the company's shares will take place in the second or third quarter of 2015.
