At the E.ON Annual Shareholders Meeting, the company’s shareholders approved the spinoff of a 53.35-per cent majority stake in Uniper to shareholders. This decision was supported by 99.68 per cent of the share capital represented at the meeting. This clear vote paves the way for the full implementation of E.ON’s new strategy.
The new E.ON focuses on the new energy world and has three core businesses: energy networks, customer solutions, and renewables. Uniper focuses on the conventional energy business with an emphasis on power generation and energy trading. The spinoff of Uniper approved by E.ON SE shareholders will take effect when it is entered into the commercial register, likely in the second half of 2016. E.ON shareholders will then automatically receive Uniper shares at the one-to-ten ratio specified in the spinoff agreement.
Further Karl-Ludwig Kley is the new Chairman of the E.ON SE Supervisory Board. The Annual Shareholders Meeting appointed the former CEO of Merck KGaA to the Supervisory Board, which subsequently elected him to be its Chairman. Kley succeeds Werner Wenning, who ended his service on the board at his own request.
