30.06.2020 / 19:12 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The Supervisory Board of Wirecard AG today terminated with immediate effect the employment contract of Dr. Markus Braun. On 19 June 2020, in mutual consent with the Supervisory Board of Wirecard AG, Dr. Markus Braun resigned with immediate effect as member of the management board.
30.06.2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Sprache:
Deutsch
Unternehmen:
Wirecard AG Einsteinring 35 85609 Aschheim b. München Deutschland
Telefon:
+49 (0)89-4424 1400
Fax:
+49 (0)89-4424 1500
E-Mail:
ir@wirecard.com
Internet:
www.wirecard.com
ISIN:
DE0007472060
WKN:
747206
Indizes:
DAX, TecDAX, Prime All Share, Technology All Share
Börsen:
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart, Tradegate Exchange
25-Jun-2020 / 10:27 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
Aschheim, June 25, 2020: The management board of Wirecard AG has decided today to file an application for the opening of insolvency proceedings for Wirecard AG with the competent district court of Munich (Amtsgericht München) due to impending insolvency and over-indebtedness. It is currently evaluated whether insolvency applications have to be filed for subsidiaries of Wirecard Group.
25-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Wirecard AG Einsteinring 35 85609 Aschheim b. München Germany
Phone:
+49 (0)89-4424 1400
Fax:
+49 (0)89-4424 1500
E-mail:
ir@wirecard.com
Internet:
www.wirecard.com
ISIN:
DE0007472060
WKN:
747206
Indices:
DAX, TecDAX, Prime All Share, Technology All Share
Listed:
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart, Tradegate Exchange
22-Jun-2020 / 16:49 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The Supervisory Board of Wirecard AG today dismissed with immediate effect the member of the Management Board Jan Marsalek, who had been suspended on a revocable basis on June 18, 2020, until June 30, and extraordinarily terminated his employment contract.
22.06.2020 CET/CEST 22-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Wirecard AG Einsteinring 35 85609 Aschheim b. München Germany
Phone:
+49 (0)89-4424 1400
Fax:
+49 (0)89-4424 1500
E-mail:
ir@wirecard.com
Internet:
www.wirecard.com
ISIN:
DE0007472060
WKN:
747206
Indices:
DAX, TecDAX, Prime All Share, Technology All Share
Listed:
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart, Tradegate Exchange
22-Jun-2020 / 02:48 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The Management Board of Wirecard assesses on the basis of further examination that there is a prevailing likelihood that the bank trust account balances in the amount of 1.9 billion EUR do not exist. The company previously assumed that these trust accounts have been established for the benefit of the company in connection with the so called Third Party Acquiring business and has reported them as an asset in its financial accounts. The foregoing also causes the company to question the previous assumptions regarding the reliability of the trustee relationships.
The Management Board further assesses that previous descriptions of the so called Third Party Acquiring business by the company are not correct. The Company continues to examine, whether, in which manner and to what extent such business has actually been conducted for the benefit of the company.
Wirecard withdraws the assessment of (i) the preliminary results of the financial year 2019 (revenue and earnings before interest, taxes, depreciation and amortization (EBITDA)) of 14 February 2020 (last confirmed on 18 June 2020), (ii) the preliminary results of the first quarter of 2020 (revenue and EBITDA) of 14 May 2020, (iii) the EBITDA prognosis for the financial year 2020 of 6 November 2019 (last confirmed on 14 May 2020) and (iv) the Vision 2025 prognosis for the financial year 2025 on transaction volume, revenue and EBITDA of 8 October 2019. Potential effects on the annual financial accounts of previous years cannot be excluded.
Wirecard continues to be in constructive discussions with its lending banks with regard to the continuation of credit lines and the further business relationship, including the continuation of the current drawing coming due at the end of June. Together with the renowned and internationally active investment bank Houlihan Lokey, Wirecard is assessing options for a sustainable financing strategy for the company.
In addition, the Company is examining a broad range of possible further measures to ensure continuation of its business operations, including cost reductions as well as restructuring, disposal or termination of business units and products segments.
For the avoidance of misunderstandings, the company wishes to inform that its IT systems continue to work without limitations.
22.06.2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Wirecard AG Einsteinring 35 85609 Aschheim b. München Germany
Phone:
+49 (0)89-4424 1400
Fax:
+49 (0)89-4424 1500
E-mail:
ir@wirecard.com
Internet:
www.wirecard.com
ISIN:
DE0007472060
WKN:
747206
Indices:
DAX, TecDAX, Prime All Share, Technology All Share
Listed:
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart, Tradegate Exchange
19.06.2020 / 12:48 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
In mutual consent with the Supervisory Board of Wirecard AG, Dr. Markus Braun resigned today with immediate effect as member of the management board. The Supervisory Board of Wirecard AG appointed Dr. James H. Freis, Jr., who was appointed yesterday as member of the management board, as interim CEO with sole power of representation.
19.06.2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Wirecard AG Einsteinring 35 85609 Aschheim b. München Germany
Phone:
+49 (0)89-4424 1400
Fax:
+49 (0)89-4424 1500
E-mail:
ir@wirecard.com
Internet:
www.wirecard.com
ISIN:
DE0007472060
WKN:
747206
Indices:
DAX, TecDAX, Prime All Share, Technology All Share
Listed:
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart, Tradegate Exchange
18-Jun-2020 / 18:18 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The Supervisory Board of Wirecard AG today suspended the member of the Management Board Jan Marsalek with immediate effect on a revocable basis as a member of the Management Board of Wirecard AG until June 30, 2020.
Furthermore, Dr. James H. Freis, Jr. (49) was appointed as member of the Management Board with immediate effect – and thus earlier than July 1, 2020 as announced on May, 8 2020. James Freis, Jr. will be responsible for the newly created department “Integrity, Legal and Compliance”.
Über Wirecard: Wirecard (GER:WDI) ist eine der weltweit am schnellsten wachsenden digitalen Plattformen im Bereich Financial Commerce. Wir bieten sowohl Geschäftskunden als auch Verbrauchern ein ständig wachsendes Ökosystem an Echtzeit-Mehrwertdiensten rund um den innovativen digitalen Zahlungsverkehr durch einen integrierten B2B2C-Ansatz. Dieses Ökosystem konzentriert sich auf Lösungen aus den Bereichen Payment & Risk, Retail & Transaction Banking, Loyalty & Couponing, Data Analytics & Conversion Rate Enhancement in allen Vertriebskanälen (Online, Mobile, ePOS). Wirecard betreibt regulierte Finanzinstitute in mehreren Schlüsselmärkten und hält Lizenzen aus allen wichtigen Zahlungs- und Kartennetzwerken. Die Wirecard AG ist an der Frankfurter Wertpapierbörse notiert (DAX und TecDAX, ISIN DE0007472060). Besuchen Sie uns auf www.wirecard.de, folgen Sie uns auf Twitter @wirecard und auf Facebook @wirecardgroup.
18.06.2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Wirecard AG Einsteinring 35 85609 Aschheim b. München Germany
Phone:
+49 (0)89-4424 1400
Fax:
+49 (0)89-4424 1500
E-mail:
ir@wirecard.com
Internet:
www.wirecard.com
ISIN:
DE0007472060
WKN:
747206
Indices:
DAX, TecDAX, Prime All Share, Technology All Share
Listed:
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart, Tradegate Exchange
18.06.2020 / 10:43 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
Date for publication of annual and consolidated financial statements 2019 delayed due to indications of presentation of spurious balance confirmations
Wirecard AG’s auditor Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft, Munich, informed Wirecard AG that no sufficient audit evidence could be obtained so far of cash balances on trust accounts to be consolidated in the consolidated financial statements in the amount of EUR 1.9 billion (approximately a quarter of the consolidated balance sheet total).
There are indications that spurious balance confirmations had been provided from the side of the trustee respectively of the trustee’s account holding banks to the auditor in order to deceive the auditor and create a wrong perception of the existence of such cash balances or the holding of the accounts for to the benefit of Wirecard group companies. The Wirecard management board is working intensively together with the auditor towards a clarification of the situation.
In light of the above the audit of the annual and the consolidated financial statements 2019 will not be concluded as planned by June 18, 2020. A new date will be announced. If certified annual and consolidated financial statements cannot be made available until June 19, 2020, loans made to Wirecard AG amounting to approximately EUR 2 billion can be terminated.
18.06.2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Wirecard AG Einsteinring 35 85609 Aschheim b. München Germany
Phone:
+49 (0)89-4424 1400
Fax:
+49 (0)89-4424 1500
E-mail:
ir@wirecard.com
Internet:
www.wirecard.com
ISIN:
DE0007472060
WKN:
747206
Indices:
DAX, TecDAX, Prime All Share, Technology All Share
Listed:
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart, Tradegate Exchange
05.06.2020 / 18:03 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
Following the investigations already known in the market in connection with ad hoc news preceding the publication of the KPMG report on the special audit, today the company’s premises were searched. The investigations are not targeting the company, but the members of its management board. The company is fully cooperating with the investigating authorities.
05.06.2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Wirecard AG Einsteinring 35 85609 Aschheim b. München Germany
Phone:
+49 (0)89-4424 1400
Fax:
+49 (0)89-4424 1500
E-mail:
ir@wirecard.com
Internet:
www.wirecard.com
ISIN:
DE0007472060
WKN:
747206
Indices:
DAX, TecDAX, Prime All Share, Technology All Share
Listed:
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart, Tradegate Exchange
25.05.2020 / 22:10 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The audit firm Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft has informed Wirecard AG that all foreign auditors have meanwhile been able to finalize their audit procedures for Group purposes. Within the scope of the completed parts of the audit procedures, Wirecard has not yet been informed of any material findings. However, not all audit procedures have yet been completed. Against this background, the audit of the annual financial statements and consolidated financial statements for 2019 will not be completed by June 4, 2020, as planned.
The publication of the consolidated financial statements and the annual press conference will take place on June 18, 2020. The company expects an unqualified audit opinion.
In February 2020, the company had reported preliminary sales revenue growth of 38 percent to EUR 2.8 billion and preliminary EBITDA of EUR 785 million (+40%). Wirecard assumes that there will be no significant deviations from these figures.
As a result of the changed scheduling, Wirecard AG is postponing its Annual General Meeting to August 26, 2020.
25.05.2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Wirecard AG Einsteinring 35 85609 Aschheim b. München Germany
Phone:
+49 (0)89-4424 1400
Fax:
+49 (0)89-4424 1500
E-mail:
ir@wirecard.com
Internet:
www.wirecard.com
ISIN:
DE0007472060
WKN:
747206
Indices:
DAX, TecDAX, Prime All Share, Technology All Share
Listed:
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart, Tradegate Exchange
08.05.2020 / 17:34 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The Supervisory Board of Wirecard AG appoints the American Dr. James H. Freis (49) as Chief Compliance Officer effective July 1, 2020. On the Group Management Board of the company, he will be responsible for the newly created department “Integrity, Legal and Compliance”. The Legal, Contracts and Compliance functions will be bundled in this department.
The Supervisory Board of Wirercard AG has also decided to expand the Executive Board by two additional seats, increasing the total number of members to seven. In a newly created sales department, a Chief Commercial Officer will manage all sales activities of Wirecard AG and promote the company’s sales strategy to further expand its global market position. The responsibilities of the Chief Operating Officer will be reorganized and placed under new management.
In addition, the Supervisory Board has resolved to reorganize the responsibilities of the Board of Management. The Management Board welcomes this decision. The CEO of Wirecard AG, Dr. Markus Braun, will in future focus his activities on the strategic development of Wirecard AG. The Supervisory Board is strengthening the Group’s Finance Department and is locating capital market communications directly with CFO Alexander von Knoop. The Finance Department will be relieved of the Compliance and Legal departments as well as Human Resources. With the appointment of a COO to the Group Management Board, Jan Marsalek takes over responsibility for Business Development as Chief Business Development Officer. The Product Board department headed by Susanne Steidl remains virtually unchanged. Responsibility for the Group companies in North and South America will be transferred to the COO.
On the basis of the agreed organizational and personnel changes, the Supervisory Board expresses its confidence in the Management Board and its Chairman.
08.05.2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Wirecard AG Einsteinring 35 85609 Aschheim b. München Germany
Phone:
+49 (0)89-4424 1400
Fax:
+49 (0)89-4424 1500
E-mail:
ir@wirecard.com
Internet:
www.wirecard.com
ISIN:
DE0007472060
WKN:
747206
Indices:
DAX, TecDAX, Prime All Share, Technology All Share
Börsen:
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart, Tradegate Exchange
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