Greater flexibility in financial market communications for new and listed companies
- Vienna Stock Exchange moves in step with European stock exchanges regarding reporting obligations
(Vienna) Companies listed on the prime market of the Vienna Stock Exchange may choose whether or not to publish quarterly reports (Q1 & Q3) and in what form. The respective amendment to the prime market rules enters into effect immediately. The companies listed in the top segment of the Vienna Stock Exchange are highly transparent and finely attuned to investors. Within the prime market framework, they will continue to fulfil stricter requirements than stipulated by law (Austrian Stock Exchange Act). So far, the quarterly reports of prime market issuers have been rather extensive by international standards. European stock exchanges such as the Euronext Group, the London Stock Exchange and the Swiss Stock Exchange also give the listed companies the freedom to choose their quarterly reporting policy.
"Together with their investors, companies know best what information is required in their industry and which reporting frequency is the most useful, especially in seasonal sectors and for cyclical business models. The message the Vienna Stock Exchange is sending is to look at the long-term horizon: investing is a marathon and not a sprint," says Christoph Boschan, CEO of the Vienna Stock Exchange and its holding company.
The European Transparency Directive has set the course for voluntary quarterly reporting in 2013. The Austrian Stock Exchange Act has had no mandatory quarterly reporting since the end of 2015.
For further information, please contact:
T +43 1 531 65-186
T +43 1 531 65-110
About the Vienna Stock Exchange
The Vienna Stock Exchange is the only securities exchange in Austria. It features a modern infrastructure and supplies market data and relevant information. It offers Austrian companies maximum visibility, high liquidity and utmost transparency. Investors can rely on the smooth and efficient execution of exchange trades. The Vienna Stock Exchange operates a central market datafeed for Central and Eastern Europe (CEE) and is well established as an expert for the calculation of indices with a reference to the region. Wiener Börse AG, together with its holding company, CEESEG, cooperates with over ten exchanges in CEE and is globally recognized for this unique know-how.
Exclusion of Liability
This press release may contain certain forward-looking statements and forecasts that are based on assumptions current made at the time of publication of this press release. We do not assume any liability for these forward-looking statements materializing. Furthermore, we would like to explicitly point out that this press release cannot serve as a basis for investment decisions and may not be construed as a solicitation to buy or a recommendation to invest by Wiener Börse AG. No liability is assumed for the information given in this press release.