German commercial broadcaster ProSiebenSat.1 Media has completed its conversion into a European stock corporation (Societas Europaea/SE) on July 7, 2015 with the entry into the commercial register.
With the new legal form now officially effective, the company wants to facilitate its increasingly international focus and support its growth course.
ProSiebenSat.1 Media SE will continue to operate under a two-tier system consisting of an executive board and a supervisory board. The new legal form will not affect shareholders, contract partners, customers, employees and corporate governance, according to the company.
The same applies to stock market trading: The share’s listing on the present stock exchanges remains unchanged. The headquarters of ProSiebenSat.1 Media SE remain in Unterföhring near Munich.
The annual general assembly approved the conversion on May 21, 2015 after the submission of a corresponding resolution proposal by the executive board and the supervisory board.