10.04.2015 21:14:47
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Press Release: Valartis Group postpones 2015 results media conference and Ordinary General Meeting
Valartis Group AG / Valartis Group postpones 2015 results media conference and Ordinary General Meeting . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
During the course of divestment of Valartis Bank AG, Switzerland in 2014, Valartis Group fundamentally realigned its Group structure and restructured the relevant operating activities of Private Banking, Wealth Management, and Private Equity into Valartis Finance Holding AG, which was newly incorporated in Summer 2014 in Liechtenstein. Valartis Finance Holding AG is subject to a consolidated banking supervision by the Financial Market Authority in Liechtenstein (FMA). Integration of the new Valartis Group AG structure into the 2014 year-end reporting with now two consolidated reports according to IFRS for the first time and all auditing activities will require longer than was planned and, as a result, publication of results will also be delayed.
The Board of Directors of Valartis Group AG has decided to postpone the 2015 results media conference and the Ordinary General Meeting due to the fact that initial, additional consolidated reporting on the new Valartis Finance Holding AG, due to delays in reporting on some group companies as well as qualification of Group-internal financing structures under the more stringent new equity capital regulations are taking significantly longer than was planned. The results media conference will take place on 28 April 2015 and the Ordinary General Meeting on 2 June 2015.
Valartis Group will now publish its 2014 Annual Report on 28 April 2015.
Agenda Results media conference 2015 28 April 2015 General Meeting 2015 2 June 2015 Half-year report 2015 25 August 2015
For any further information, please contact:
Kim-My Schefer, Head Corporate Communications & Marketing
Tel. +41 44 503 54 02, corporate.communications@valartis.ch
Valartis Group
Valartis Group is an international banking and finance group represented today with offices in Liechtenstein, Austria, Switzerland as well as Luxembourg and Moscow. The Group's holding company is domiciled in Switzerland and is listed on the SIX Swiss Exchange. Valartis Finance Holding AG in Liechtenstein comprises the operations of the private banking and wealth management divisions, together with the private equity operations of ENR Russia Invest. Valartis Finance Holding AG is subject to the consolidated banking supervision by the Financial Market Authority Liechtenstein (FMA). Valartis Group focuses on the wealth management business for wealthy private clients and institutional investors in addition to traditional wealth manageSHYment and investment advisory, it develops, manages and markets innovative niche investment products and offers specialized product packages. In doing so, Valartis Group combines a wide range of traditional private banking services with specialized advisory and classical banking services in the fields of Asset Management, Corporate Finance and Private Equity together with innovative investment products in the categories Stocks, Fixed Income, Alternative Investments and Real Estate. Valartis Group's core markets include Central and Eastern Europe, the Middle East and certain countries in North and South America and Asia.
www.valartisgroup.ch
Press release (PDF) : http://hugin.info/143135/R/1910399/681255.pdf
This announcement is distributed by Nasdaq OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Valartis Group AG via Globenewswire
HUG#1910399
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Valartis Group AG
Blegistrasse 11a Baar ZG Switzerland
ISIN: CH0001840450;
http://www.valartisgroup.ch/ (END) Dow Jones Newswires
April 10, 2015 14:44 ET (18:44 GMT)- - 02 44 PM EDT 04-10-15
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