ABOUT YOU Holding SE: Legal form converted into a European Company
- International orientation underlined by conversion
- Two-tier system of Management Board and Supervisory Board maintained
- Without any impact on business activities
Hamburg, 7 October 2021 – ABOUT YOU Holding SE (“ABOUT YOU”), one of Europe’s fastest-growing online fashion platforms of scale, has completed the conversion of its legal form into a European Company (Societas Europaea, “SE”) on 16 September 2021, following the previous announcement in the IPO and the accelerated international business activities.
Tarek Müller, Co-Founder and Co-CEO: “ABOUT YOU stands for internationality: We have employees from all over the world and are present in 26 European markets. We inspire more and more customers in Europe to go on a digital shopping stroll via their smartphones. Our legal form should reflect that international expansion is a key lever of our growth.”
Through the change, the resolution of the last Annual General Meeting on 14 June 2021 was implemented. The two-tier system of the Management Board and Supervisory Board is maintained. As ABOUT YOU Holding SE is legally and economically identical to the previous stock corporation (“AG”), the conversion has no impact on the actual business. The listing on the regulated market of the Frankfurt Stock Exchange was updated to ABOUT YOU Holding SE. The trading symbol YOU, the ISIN DE000A3CNK42, and the shareholder rights remain unchanged.
The conversion of legal form became effective upon registration with the Hamburg Local Court (register number 170972).
ABOUT YOU digitises the classic shopping stroll by creating a personalised shopping experience on the smartphone. At ABOUT YOU, the focus is on the customers, who are supported in expressing themselves individually through fashion. On the website aboutyou.com and the multi-award winning ABOUT YOU app, customers find versatile inspiration and more than 400,000 items from over 2,000 brands. With more than 30 million unique monthly active users, ABOUT YOU is one of the largest fashion and lifestyle platforms in Europe. It is currently active in 26 European markets. With the ABOUT YOU Commerce Suite, the fashion tech company also offers its own e-commerce infrastructure as a licensed product. The shares of ABOUT YOU are listed on the Frankfurt Stock Exchange and have been admitted to the SDAX® index in September 2021.
This publication constitutes neither an offer to sell nor a solicitation to buy securities.
Certain statements contained in this release may constitute “forward-looking statements” that involve a number of risks and uncertainties. Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “plan”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “project”, “goal” or “target” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on assumptions, forecasts, estimates, projections, opinions or plans that are inherently subject to significant risks, as well as uncertainties and contingencies that are subject to change. No representation is made or will be made by ABOUT YOU Holding SE that any forward-looking statement will be achieved or will prove to be correct. The actual future business, financial position, results of operations and prospects may differ materially from those projected or forecast in the forward-looking statements. Neither ABOUT YOU Holding SE nor any of their respective affiliates assume any obligation to update, and do not expect to publicly update, or publicly revise, any forward-looking statements or other information contained in this release, whether as a result of new information, future events or otherwise, except as otherwise required by law.
Head of Consumer Communications
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