Statement of the Management Board of SYGNIS AG on September 28, 2017
On September 27, 2017, the company received a fine notice from BaFin (Federal Financial Supervisory Authority in Germany) regarding a delayed announcement of the issuance of new shares in accordance with § 30b WpHG in 2015 and a delayed announcement of the change in total voting rights in accordance with § 26a WpHG in early 2016. Both notifications were delayed by a few days only. The fine is not expected to impact the revenue and results guidance for 2017 and Q4/2017 in particular. New processes have been implemented recently to address the risk of reporting failures reoccurring.