Extraordinary General Meeting of Siemens Gamesa approves delisting

MADRID, SPAIN - Siemens Gamesa Renewable Energy approved the delisting

According to the shareholders of Siemens Gamesa Renewable Energy, S.A. they have approved the delisting of the company from the Spanish Stock Exchanges at an Extraordinary General Meeting. 98.43% of shareholders voted today in favor of the motion to delist the company. For the company to actually be delisted, it still needs approval from the Spanish National Securities Market Commission.

"Resolving the current challenges at Siemens Gamesa and turning around the business is the number one priority. Jochen Eickholt and his team have started to implement extensive changes and we have seen an initial positive impact. The delisting will help the team focus entirely on solving operational issues. This is the right thing to do to get Siemens Gamesa back on track and I appreciate the decision of the outstanding shareholders to support our efforts to return to profitability." Said Christian Bruch, CEO of Siemens Energy and non-executive Chairman of the Board of Directors of SGRE.

According to the company the delisting is expected to take place within the next month following approval by the CNMV.

Source: Siemens Energy