The special resolution proposed to the meeting was adopted unanimously without amendment. The name change has been accepted by the Registrar of Companies for England and Wales.
The company remains a British company whose shares are listed on Euronext Brussels. It is expected that Euronext will make the name change effective from the start of trading on October 20, 2021, and that the company’s ticker symbol will change from GLOG to HYSG. No other changes will be made to listed shares.
Chairman Guido Van der Schueren comments: “I have felt for some time that the name ‘Global Graphics’ no longer describes the group’s mission, in particular to the investment community. With the acquisition of Hybrid Software earlier this year, it was clear that we needed a name that reflected the true nature of our business: enterprise software combined with an electronic printhead for business applications. ‘digital printing. I am very happy with the strong support we have received for this rebranding.
CEO Mike Rottenborn adds, “The group’s four operating companies – Global Graphics Software, Hybrid Software, Meteor Inkjet and Xitron – operate under their own individual brands, which are well established in the market, but it is important that investors and Customers see them as part of a larger group with a complete solution for industrial inkjet manufacturing. Renaming the company as the Hybrid Software Group is an important step in positioning our business, and I look forward to promoting the new brand.