The Executive Board and Supervisory Board of ZEAL Network SE issued the last Declaration of Conformity with the German Corporate Governance Code pursuant to Sec. 161 of the German Stock Corporation Act (AktG) in February 2013. Since the relocation of the Company’s registered office became effective on 7 February 2014, ZEAL Network SE – as a UK-based company whose shares are traded exclusively on a regulated market in Germany – is subject to neither UK nor German corporate governance regulations and, in particular, is no longer required to submit declarations of conformity pursuant to Sec. 161 AktG.
However, the Company will continue to comply with most recommendations of the German Corporate Governance Code in its currently valid version on a voluntary basis as the Company believes that it is better suited to its dual-tier system of Executive Board and Supervisory Board than the UK equivalent.
ZEAL Network SE
Investor Relations Manager
Frank Hoffmann
Phone: +44 20 3739-7123
Fax: +44 20 3739-7199
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