publity AG significantly expands transparency for capital markets
- Accounting to be migrated to IFRS as of 2018 financial statements
- Consolidated financial statements to be prepared in future in addition to the single-entity financial statements
Leipzig/Frankfurt – publity AG (“publity”, ISIN: DE0006972508) is taking its reporting and the information content in its communication with the capital markets to a new level. Starting with the financial statements for fiscal year 2018 publity will migrate its accounting from the former HGB accounting standard to IFRS accounting. In addition, for the first time in the company’s history, it will also prepare consolidated financial statements. publity is putting these activities in place to meet the demands placed by national and international investors for IFRS consolidated financial statements.
Thomas Olek, publity’s CEO and majority shareholder: “During the past few months we have future-proofed our company. This included the extensive capital increase to reinforce our equity base and also the expansion of our customer base as well as highly successful property sales and purchases. We are now significantly leveraging the depth of information in our communication with the capital markets with extensive reporting using international standards.
Disclaimer
This publication does not constitute an offer document or an offer to sell or the solicitation of an offer to buy or subscribe for shares of publity AG („the Company“) but is for information purposes only. This publication does not constitute an offer or a solicitation of an offer to purchase or subscribe for securities in the United States of America, Australia, Canada, Japan or any other jurisdiction in which an offer is restricted by law. The securities referred to in this publication may not be sold or offered for sale in the United States of America without prior registration under the U.S. Securities Act of 1933 in its respective applicable version (the „Securities Act“), except in a transaction that is not subject to, or exempt from, the provisions of the Securities Act. Subject to certain exceptions, the securities referred to in this publication may not be offered or sold in Australia, Canada or Japan or to or for the account of Australian, Canadian or Japanese residents or citizens. The offer and sale of the securities referred to in this publication has not been and will not be registered under the Securities Act or the applicable laws of Australia, Canada or Japan; no such registration will take place in future.