we hereby inform you that the transformation of the legal form of update software AG into a limited liability company with the company name Aurea Software GmbH resolved upon in the shareholders' meeting on 10 June 2015 has been registered with the Austrian Commercial Register with effective date 18 November 2015 and therefore became legally binding.
The former stockholders of update software AG are now shareholders of Aurea Software GmbH.
The Viennese Commercial Court will ex officio arrange for publication of the transformation with the Austrian Official Gazette. From the date of this publication the shareholders entitled to receive the cash compensation (i.e. dissenting shareholders having their objection recorded in the minutes of the shareholders' meeting of 10 June 2015) may accept the cash compensation offer within two months.
Further information regarding the acceptance of the cash compensation offer will be published on the company’s website within the next days.