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Glossary

Glossary


A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Ad hoc publicity
Obligation of issuers of securities to immediately report and publish any information that might have a bearing on the price of their securities. The regulations pertaining to the disclosure requirement are contained in section 15 of the German Securities Trading Act, which states that issuers of securities admitted to the Regulated Market or Unofficial Regulated Market on a German stock exchange are obliged to report all corporate developments that have a sufficiently strong impact on the issuer's financial situation or its business activities to influence the market price of the security. The obligation to release such information without delay is intended to mitigate the abuse of inside information and enhance market transparency. A violation of the disclosure requirement is punishable with a fine.

Allocation
If demand is higher than the supply of newly issued shares, subscriptions will be shortened and investors will be informed about their final share allocations.

Annual General Meetings (AGM)
The AGM takes place at least once a year and is an opportunity for shareholders to air their concerns and to ask questions. The AGM is responsible for: the appointment and dismissal of the members of the Supervisory Board (but not of the employee representatives); decides on the use of profits; amendments of the company's statutes; capital increases, and actions that will significantly change the organisational structure of the company.

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