Cash Compensation Set for Transfer of REpower’s Shares (Germany)
Today (July 21, 2011), the majority shareholder of REpower Systems SE , AE-Rotor Holding B.V., Amsterdam (Netherlands), a subsidiary of Suzlon Energy Ltd., Pune (India), informed the Executive Board of REpower Systems SE that it has set the cash compensation for the transfer of the shares from the minority shareholders of REpower Systems SE to AE-Rotor Holding B.V. at 142.77 EUR per no-par value share in compliance with § 327a German Stock Corporation Act (Aktiengesetz) (squeeze out).
A resolution on the squeeze out shall be passed in the annual general meeting of REpower Systems SE. The annual general meeting will not take place on August 30, 2011 as previously announced but has been postponed to September 21, 2011 due to conflicting schedules.
Source: repower, July 21, 2011