Tous Actualités
Suivre
Abonner JoWooD Entertainment AG

JoWooD Entertainment AG

EANS-Adhoc: JoWooD Entertainment AG announces shareholders' meeting due to expected losses

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
22.09.2010
• Losses amounting to half the share capital likely in Q2 financial 
statements • Managing board to call extraordinary shareholders' 
meeting • Drawing up of Q2 financials taking longer than expected
The managing board of publicly-listed JoWooD Entertainment AG 
yesterday notified the supervisory board that the losses set forth in
the Q2 financial statements will probably equal or exceed half the 
share capital of JoWooD Entertainment AG. The main reasons are 
credits granted in connection with price reductions, returned goods 
and requirements for value adjustments related to games launched in 
the market last year.
Accordingly, the managing board will call an extraordinary 
shareholders' meeting, in the course of which it will present the 
financial situation of the company as well as strategies and concrete
measures for the successful continuation of the business.
The completion of the interim financial statements for the second 
quarter of 2010, most recently announced for the end of September, 
will be postponed because material accounting and valuation issues 
could not be resolved in the course of drawing up the Q2 financials.
The extraordinary shareholders' meeting will proably be held during 
the first half of November 2010. Until then, the creation of the 
financial statements should be at a stage sufficient to enable the 
shareholders' meeting to take appropriate measures on the basis of 
the Q2 financial statements.
The launch of the game ArcaniA planned for 12 Oktober 2010 is not 
affected by the above. The game will score with numerous new features
and JoWooD expects the new release to contribute significantly to the
revenues in the second half of 2010.
end of announcement                               euro adhoc

Further inquiry note:

JoWooD Entertainment AG
Ing. Mag. Franz Rossler, Vorstand
Mag. Philipp Brock, Investor Relations
Tel.: +43 (0)1 37909
mailto:investor@jowood.com
http://corporate.jowood.com

Branche: Software
ISIN: AT0000747357
WKN: 935221
Index: WBI, ViDX, mid market
Börsen: Berlin / free trade
Frankfurt / free trade
Stuttgart / free trade
München / free trade
Wien / Regulated free trade

Plus de actualités: JoWooD Entertainment AG
Plus de actualités: JoWooD Entertainment AG