RIB SOFTWARE AG (FRA:RSTA) Tom Wolf and Michael Sauer sell their remaining stake in RIB Software SE
Transparency directive : regulatory news
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DGAP-Ad-hoc: RIB Software SE / Key word(s): Contract/Personnel 10-June-2021 Tom Wolf and Michael Sauer sell their remaining stake in RIB Software SE and agree on a smooth handover process regarding their CEO and CFO position Stuttgart, Germany, 10 June 2021. Tom Wolf and Michael Sauer, CEO and CFO of RIB Software SE, and their wives have today sold their remaining 8.4% and 0.5% interests in the Company to Schneider Electric for a price of EUR 47 per share. In full alignment with Schneider Electric, Tom Wolf and Michael Sauer intend to resign as CEO and CFO, respectively, in the first six months of 2022 when a succession plan is ready to be implemented to ensure a smooth handover process to their successors. They will continue to actively support the Company going forward and will remain members of the Administrative Board of the Company until the end of their term in 2025, Tom Wolf retaining his position as Chairman of the Board.
10-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | RIB Software SE |
| Vaihinger Str. 151 | |
| 70567 Stuttgart | |
| Germany | |
| Phone: | +49 (0)711-7873-0 |
| Fax: | +49 (0)711-7873-311 |
| E-mail: | info@rib-software.com |
| Internet: | www.rib-software.com |
| ISIN: | DE000A0Z2XN6 |
| WKN: | A0Z2XN |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1206825 |
| End of Announcement | DGAP News Service |
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1206825 10-Jun-2021 CET/CEST