Porsche will start to exchange preferred shares in Porsche AG for stock of Porsche Automobil Holding SE from 1 September.
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Shareholders holding their own Porsche shares may surrender them for exchange at the account-holding bank or a branch of Commerzbank until 5 December 2008. Old shares not surrendered will be declared void after 5 December 2008.
An extraordinary general meeting adopted a resolution on a change of form into a European company, a Societas Europaea (SE), and a change of name into Porsche Automobil Holding SE on 26 June 2007. Both measures became effective with the registration of the change of company name on 13 November.
The first AGM of Porsche Automobil Holding SE on 25 January 2008 adopted a resolution on a capital increase out of retained earnings and on a share split on a 10-for-one basis.
Share capital is now EUR175m divided into 87.5m ordinary and preferred shares each with a proportionate share in the share capital of EUR1 each per no-par value share.
