FinLab AG: Termination of Matthias Kr?ner's management board activities by mutual agreement / Change from the scale board to the basic board / Discontinuation of IFRS accounting
Termination of Matthias Kr?ner's management board activities by mutual agreement as of 30 September 2021 / Change from the scale board to the basic board / Discontinuation of IFRS accounting FinLab AG, based in Frankfurt am Main (ISIN DE0001218063), announces that management board member Matthias Kr?ner will end his management board activities by mutual agreement with the supervisory board and the company as of 30 September 2021. From the beginning, the term of office was limited to a maximum of one year. Matthias Kr?ner has made a significant contribution to the successful change in management in recent months. The Supervisory Board and the company would therefore like to thank Matthias Kr?ner for his excellent cooperation during this interim period, which was successfully completed faster than originally planned.
With the approval of the supervisory board, the management board of FinLab AG has today decided on further measures to increase efficiency:
- FinLab AG will promptly request the revocation of the admission of FinLab AG shares to the sub-section of the Scale Board at the Frankfurt Stock Exchange in accordance with Section 27 of the "General Terms and Conditions of Deutsche B?rse AG for the Regulated Unofficial Market (Freiverkehr) on the Frankfurter Wertpapierb?rse". The change in segment does not affect the inclusion of FinLab AG shares to trading on the Regulated Unofficial Market of the Frankfurt Stock Exchange (Basic Board). The tradability will not be restricted. The revocation of the admission to the sub-segment of ??the Scale Board shall take effect upon expiry of three months. As a result of the change of the stock exchange segment, certain post-admission obligations no longer apply.
- The additional voluntary accounting in accordance with the International Financial Reporting Standards (IFRS) will be discontinued as of the fiscal year 2021.
The costs associated with listing and accounting will be significantly reduced by today's resolutions.
About FinLab AG: Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and largest investors focused on the Financial Services Technologies ("FinTech") and blockchain sector in Europe. FinLab focus in this context is providing venture capital for start-ups. FinLab's aim is a long-term participation and ongoing support of its investments. FinLab in this regard supports its investments in their respective development phase with their network and know-how. In addition, FinLab acts as an asset manager and manages assets in the three-digit million-dollar range.
Press contact:FinLab AG: email@example.com Phone: +49 69 719 12 80 0 www.finlab.de
30-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: FinLab AG Gr?neburgweg 18 60322 Frankfurt/Main
Germany Phone: +49 (0)69 719 12 80 - 0 Fax: +49 (0)69 719 12 80 - 011 E-mail: firstname.lastname@example.org Internet: www.finlab.de ISIN: DE0001218063 WKN: 121806 Indices: Scale 30 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange EQS News ID: 1237143 ? End of Announcement DGAP News Service