Fines proceeding of the BaFin
Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
Berlin, 22 July 2019, 16.55 p.m. CET – YOC AG (Frankfurt, Prime Standard, ISIN DE0005932735; hereinafter also referred to as the «Company») today gained knowledge from Germany’s Federal Financial Supervisory Authority BaFin about a fine proceeding against the Company. The background to this is a missing statement by the management board pursuant to § 264 (2) sentence 3 and § 289 (1) sentence 5 of the German Commercial Code (Handelsgesetzbuch) in the half-year financial reports 2016 and 2017. The accuracy of the figures in the half-year financial statements and the relevant annual financial statements as such is not in question. The amount of a possible fine has not yet been determined, but will have to take into account the economic performance of the company. YOC AG will cooperate with BaFin in the processing of the case.
Notifying person: Dirk-Hilmar Kraus, Board of Directors
Greifswalder Str. 212