ifa systems AG - Regulatory Filings 2017

News Details

Corporate | 5 May 2017 16:39

ifa systems AG: Obligations subsequent to stock exchange admission

DGAP-News: ifa systems AG / Key word(s): Miscellaneous/Quarterly / Interim Statement

05.05.2017 / 16:39

The issuer is solely responsible for the content of this announcement.

Press Release

Obligations subsequent to stock exchange admission

Issuer Announcement

– Following the termination of the Stock market segment “Entry Standard” on February 28 th 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 5 th 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.

ifa systems AG has been admitted to the Frankfurt Stock Exchange since July 2005. The executive board of ifa systems is fully aware of its obligations vis-à-vis the Company’s investors. In spite of lower requirements resulting from the segment “regulated unofficial market”, management will maintain practicing a high level of transparency voluntarily and closely monitor the stock’s liquidity on the exchange. The Company has adequate procedures in place.

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.

To maintain a high degree of transparency standards , management will follow a proactive investor relations approach, especially participating at investor conferences regularly.

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 9 th 2017 Management will present during the DVFA spring conference.

Investors will have a chance to learn more about the ongoing business review process.

ifa systems AG

Executive Management

05.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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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:	[email protected]
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