DGAP-News
World Markets AG : World Markets AG to delay publication of the Annual Financial Statements 2014; Invitation to the Annual General Meeting
World Markets AG / Key word(s): Final Results/AGM/EGM
15.06.2015 14:01
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
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On 15 June 2015, the Board of Directors of World Markets AG (4WM, ISIN
CH0039402646) has announced that the publication of the Annual Financial
Statements 2014 and the Invitation to the Annual General Meeting will be
delayed beyond the required filing date. Currently 4WM is not in a position
to complete its annual reports as the directors of one of its holdings,
F.I.T. Timber Ltd. (FITTL), have not fulfilled their legal obligation to
accurately and timely report to 4WM (as a shareholder and a creditor of
FITTL) and did not provide data. As a result, 4WM's Board of Directors are
not in a position to evaluate a significant portion of the Company's assets
under IFRS or Swiss GAAP, and the appointed statutory auditors cannot
complete their work in a timely and lawful manner. The Board of Directors
is in contact with FITTL and its directors, and remains confident that the
information will be available shortly. The corporate calendar will be
updated as soon as possible.
15.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: World Markets AG
c/o IFIT Fund Services AG, Rothusstrasse 21
6331 Hünenberg
Switzerland
Phone: 0041 41 500 0848
Fax: 0041 41 500 0849
E-mail: info@world-markets-ag.com
Internet: www-world-markets-ag.com
ISIN: CH0039402646
WKN: A0NJ8B
Listed: Open Market (Entry Standard) in Frankfurt
End of Announcement DGAP News-Service
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CH0039402646) has announced that the publication of the Annual Financial
Statements 2014 and the Invitation to the Annual General Meeting will be
delayed beyond the required filing date. Currently 4WM is not in a position
to complete its annual reports as the directors of one of its holdings,
F.I.T. Timber Ltd. (FITTL), have not fulfilled their legal obligation to
accurately and timely report to 4WM (as a shareholder and a creditor of
FITTL) and did not provide data. As a result, 4WM's Board of Directors are
not in a position to evaluate a significant portion of the Company's assets
under IFRS or Swiss GAAP, and the appointed statutory auditors cannot
complete their work in a timely and lawful manner. The Board of Directors
is in contact with FITTL and its directors, and remains confident that the
information will be available shortly. The corporate calendar will be
updated as soon as possible.
15.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: World Markets AG
c/o IFIT Fund Services AG, Rothusstrasse 21
6331 Hünenberg
Switzerland
Phone: 0041 41 500 0848
Fax: 0041 41 500 0849
E-mail: info@world-markets-ag.com
Internet: www-world-markets-ag.com
ISIN: CH0039402646
WKN: A0NJ8B
Listed: Open Market (Entry Standard) in Frankfurt
End of Announcement DGAP News-Service
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