Corporate Governance

Events after the balance sheet date

At its meeting on 17 December 2015 the Board of Directors resolved to have Repower securities delisted. An application for delisting has been submitted to SIX Swiss Exchange, SIX Swiss Exchange has fixed 29 April 2016 as the date Repower securities are delisted, with 28 April 2016 the last day of trading on SIX Swiss Exchange. Following delisting the company will organise off-exchange trading in Repower securities.

The Board of Directors has also resolved to put a motion to Repower's Annual General Meeting to convert the current bearer shares and participation certificates into registered shares on a one-for-one basis. This will harmonise and simplify the company's capital structure. This motion will be voted on at the Annual General Meeting held in Landquart on 12 May 2016.