ifa systems AG
ifa systems AG: Obligations subsequent to stock exchange admission
DGAP-News: ifa systems AG / Key word(s): Miscellaneous/Quarterly / Interim Statement Press Release Obligations subsequent to stock exchange admission – Following the termination of the Stock market segment “Entry Standard” on February 28th 2017, ifa systems has decided not to join the new Segment “Scale”. – The stock of ifa systems AG is still listed in the segment “Open Market” on the Frankfurt Stock Exchange. – The segment “Open Market” enjoys a reduced level of transparency vis-à-vis the segment “Entry Standard”. With certain exceptions, ifa systems will maintain a higher level of transparency voluntarily in the future. Frechen, May 5th 2017. ifa system’s executive board decided not to join the new segment “Scale” offered on the Frankfurt Stock Exchange. Moreover, ifa systems will comply with the rules and regulations of the “regulated unofficial market” prescribed by Frankfurter Wertpapierbörse. Among other business lines, a high proportion of ifa systems’ revenues are generated from its international project business. High fluctuations regarding revenue recognition and capacity utilization are a normal state of this business. Because of the high business fluctuation Management has decided – with consent of the board – not to release quarterly reports any longer to avoid possible misinterpretations. ifa’s majority shareholder Topcon Corp is listed in the first section of Tokyo Stock Exchange with the Symbol 7732.T. The highest standards of transparency are required in this Stock Exchange segment in Japan. A similarly high level of Corporate Governance is required. ifa’s majority shareholder Topcon has similar claims pertaining the compliance of Corporate Governance issues to its operating and associated companies. Next week, on May 9th 2017 Management will present during the DVFA spring conference. ifa systems AG
05.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | ifa systems AG |
Augustinusstraße 11 b | |
50226 Frechen | |
Germany | |
Phone: | +49 (0)2234 93367-0 |
Fax: | +49 (0)2234 93367-30 |
E-mail: | info@ifasystems.de |
Internet: | www.ifasystems.de |
ISIN: | DE0007830788 |
WKN: | 783078 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Basic Board) in Frankfurt |
End of News | DGAP News Service |