DGAP-Adhoc: Goldbach Group AG: Goldbach Group changes over to Domestic Standard on 8 December 2014
10.11.2014 – 07:03
Goldbach Group AG / Key word(s): Miscellaneous 10.11.2014 07:00 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- 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 10.11.2014 News transmitted by EQS Schweiz AG. The issuer is responsible for the contents of the release. EQS publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------