DGAP-Adhoc

SNP AG: Executive Board and Supervisory Board intend to propose a controlling and profit-and-loss transfer agreement with the subsidiary SNP Consulting GmbH and the creation of authorised capital to the Annual General Meeting

SNP Schneider-Neureither & Partner AG / Key word(s): Corporate Action/Contract

05.03.2015 18:39

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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SNP | Ad hoc disclosure as per section 15 (1) WpHG

SNP AG: Executive Board and Supervisory Board intend to propose a
controlling and profit-and-loss transfer agreement with the subsidiary SNP
Consulting GmbH and the creation of authorised capital to the Annual
General Meeting

Heidelberg, 5 March 2015 - The Executive Board and Supervisory Board of SNP
Schneider-Neureither & Partner AG today resolved to conclude a controlling
and profit-and-loss transfer agreement between SNP Schneider-Neureither &
Partner AG and their wholly-owned subsidiary SNP Consulting GmbH located in
Thale, Germany, and to submit this for approval to the Annual General
Meeting which is expected to take place on 21 May 2015. The approval of the
Annual General Meeting is a requirement for the validity of the agreement.
The agreement will have a term of at least five years and will take effect
with its entry in the Commercial Register. With regard to the
profit-and-loss transfer agreement, it would take retroactive effect from
the start of the current financial year (1 January 2015). The agreement
will be published with the invitation to the 2015 Annual General Meeting.

In addition, the Executive Board and the Supervisory Board agreed to
propose to the Annual General Meeting the creation of authorised and
contingent share capital each up to a maximum of 50% of the current share
capital, i.e. each of EUR 1,869,030. The Company will provide information
on the planned use with the invitation to the Annual General Meeting.

About SNP

Today digital transformation and the ability to react quickly to changes in
the world of business are two competitive factors critical to success in
all industries. SNP AG supports companies in consolidating their IT
landscapes and rapidly and cost-effectively adapting to new underlying
conditions. In this context, SNP views itself as a catalyst and an engine
driving digital transformation. With SNP Transformation Backbone(R), SNP
offers the world's first standard software that automatically analyzes and
implements changes in IT systems in a standardized manner. It is based on
the experience that SNP has gained from over 4,000 projects carried out
worldwide with its software-based Business Landscape Transformation
services.

SNP AG has approximately 350 employees in Europe, South Africa, and the
United States; approximately 250 of them are based in Germany. The company
is headquartered in Heidelberg and, in 2014, generated revenues of some 31
million euros. Its customers include global companies from the industrial
and financial sectors, and the services industry. SNP AG was founded in
1994, has been listed on the stock exchange since 2000, and has been a part
of the Frankfurt Stock Exchange's Prime Standard segment since August 2014
(ISIN DE0007203705).

For further information, visit www.snp-ag.com.

Contact for Investor Relations:

Marcel Wiskow
Tel.: [phone]
Fax: [phone]
E-mail: [e-mail]


05.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SNP Schneider-Neureither & Partner AG
Dossenheimer Landstraße 100
69121 Heidelberg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.snp-ag.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange

End of Announcement DGAP News-Service

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