Goldbach Group AG

DGAP-Adhoc: Goldbach Group AG: Goldbach Group changes over to Domestic Standard on 8 December 2014

Goldbach Group AG  / Key word(s): Miscellaneous

10.11.2014 07:00

Release of an ad hoc announcement pursuant to Art. 53 KR
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Ad hoc press release

Goldbach Group changes over to Domestic Standard on 8 December 2014

Küsnacht-Zürich, 10.11.2014. On 7 November 2014, SIX Swiss Exchange
approved the petition of Goldbach Group AG to change over to the Domestic
Standard on 8 December 2014, under the condition that all obligations of
public disclosure are met.

From 8 December 2014, the 6,010,920 registered shares, each with a nominal
value of CHF 1.25, of Goldbach Group AG, headquartered in Küsnacht-Zürich
(ticker symbol: GBMN), will be traded for the first time with the Domestic
Standard of the SIX Swiss Exchange. The last day of trading with the Main
Standard will be 5 December 2014.

The change in standards (segment change) is associated with the transition
from the current International Financial Reporting Standards (IFRS) to the
Swiss GAAP FER standard and will apply retroactively from the 2014 fiscal
year.

Switching accounting practice from IFRS to Swiss GAAP FER will mainly lead
to adjustments where company mergers are involved (treatment of goodwill
and immaterial assets from acquisitions), the treatment of cumulative
foreign currency differences in equity, and the calculation of benefit
liabilities. The switch will have a positive influence on turnover for
2014, as a reclassification of the cumulative exchange differences recorded
as equity with regard to the sale of a foreign subsidiary is no longer
required. The balance will be reduced due to the new treatment of goodwill
and the lower benefit liabilities. Accounting equity will be lower due to
the new treatment of goodwill, and current balance sheet risks will be
reduced. A detailed reconciliation account for the switch from IFRS to
Swiss GAAP FER will be included in the 2014 Annual Report.

Contact:
Goldbach Group AG
Lukas Leueberger, CFO
Corinne Laverrière, Public Relations Manager
Seestrasse 39
8700 Küsnacht-Zurich
Phone +41 (44) 914 91 00
Fax +41 (44) 914 93 60
www.goldbachgroup.com

Goldbach Group Company Profile
The Goldbach Group is the leading network for electronic communication
solutions and a logistics centre for the marketing and representation of
advertising in private electronic media in the areas of television,
internet television, radio, digital out of home, online display, in-game,
search advertising and mobile advertising. The company is based in
Switzerland (Kusnacht-Zurich) and is active in the whole DACH region
(Switzerland, Germany, Austria), Central Eastern Europe (Poland, Romania)
and in the Adriatic region (Slovenia, Croatia, Serbia). The Group's core
business comprises planning, consulting, creation, concept development,
purchasing and implementation through to assessment of the deployment of
electronic offline and online media and cross-media campaigns.

Goldbach Group has been quoted in the main segment of the SIX Swiss
Exchange since June 15th, 2007 (Valor 487094, ISIN CH0004870942, ticker
symbol: GBMN).

Further information: www.goldbachgroup.com oder www.goldbach.com


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Language:               English
Company:                Goldbach Group AG
                        Seestrasse 39
                        8700 Küsnacht-Zürich
                        Switzerland
Phone:                  +41 44 914 91 00
Fax:                    +41 44 914 93 60
E-mail:              info@goldbachgroup.com
Internet:            www.goldbachgroup.com
ISIN:                   CH0004870942
Valor:                  487094
Listed:                 SIX

End of Announcement                             EQS Group News-Service

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