Aumann AG: Release according to § 109 Paragraph 2 Sentence 1 WpHG
Thursday, 26 March 2020 () DGAP-News: Aumann AG / Key word(s): Miscellaneous
26.03.2020 / 11:16
The issuer is solely responsible for the content of this announcement.Beelen, 26 March 2020
The German Financial Reporting Enforcement Panel (FREP) has determined that the consolidated financial statements and the combined management report and group management report of Aumann AG, Beelen, as at 31 December 2017 are incorrect:
1. In the consolidated income statement for the 2017 fiscal year of Aumann AG, Beelen, consolidated earnings before taxes are shown approximately EUR 13.0 million too high, as costs in connection with the capital increase during the company's Initial Public Offering (IPO) in March 2017 were not recognised as an expense but deducted directly from equity as transaction costs (IAS 39.9). Approximately EUR 12.5 million of this amount relates primarily to compensation to management that did not meet the requirements of IAS 32.35 and IAS 32.37 for recognition in equity. Further costs of around EUR 0.5 million were attributable to the listing of shares already issued in accordance with IAS 32.35 and IAS 32.38.
2. The combined management and group management report for the 2017 fiscal year of Aumann AG, Beelen, did not include the concluding statement of the dependency report prepared by the Management Board. This is in violation with § 312 Paragraph 3 Sentence 3 AktG.*About Aumann AG*
Aumann is a world-leading manufacturer of innovative speciality machinery and automated production lines with a focus on e-mobility. The company combines unique winding technology for the highly efficient production of electric motors with decades of automation experience, particularly in the automotive industry. Leading companies around the world rely on Aumann solutions for the series production of purely electric and hybrid vehicle drives, and on solutions for production automation.
Further information is available on the Internet via www.aumann.com.
The Executive Board
Rolf Beckhoff (CEO)
Sebastian Roll (CFO)
The Supervisory Board
Gert-Maria Freimuth (Chairman)
Dr. Christof Nesemeier
Court of registration
Münster Local Court, register number: HRB 16399
*For further information, please contact*
+49 2586 888 7807 [email protected] --------------------
26.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Company: Aumann AG
Phone: +49 (0) 2586 888-7800
Fax: +49 (0) 2586 888-7805
E-mail: [email protected]
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1007793
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