Viscom AG  / Key word(s): Legal Matter

22.01.2016 11:59

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Viscom AG: Viscom AG likely affected by the new ruling of the German Federal Fiscal Court (BFH)



Hanover, 22 January 2016 - The ruling of the German Federal Fiscal Court (BFH) from 13 January 2016 on the taxation of dividend income from securities lending transactions means that Viscom AG (ISIN DE0007846867) will have to recognise provisions for the 2015 financial year.
According to this ruling, dividend income for ongoing tax years generated by a borrower from a securities lending transaction can no longer be deemed tax exempt under certain circumstances. In the past, fiscal authorities had usually treated this income as tax exempt.

Viscom AG - like many other companies - has made use of the securities lending instrument in 2006, meaning that it will likely be affected by the BFH ruling.

The provisions to be recognised are based on the principle of commercial prudence and include possible subsequent tax payments as well as related interest payments. The company estimates that the burden on the Group's net profit for the 2015 financial year from these provisions will amount to approximately EUR 2.5 million. This amount is composed of additional tax expenses of approximately EUR 1.7 million and expected interest expenses for tax of EUR 0.8 million.




Contact:
Viscom AG
Investor Relations
Anna Borkowski
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-861
Fax:  +49-511-94996-555
investor.relations@viscom.de


22.01.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Viscom AG
              Carl-Buderus-Strasse 9-15
              30455 Hannover
              Germany
Phone:        +49 (0) 511 94 996 861
Fax:          
E-mail:       investor.relations@viscom.de
Internet:     www.viscom.de
ISIN:         DE0007846867
WKN:          784686
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Munich,               Stuttgart
 
End of Announcement DGAP News-Service  

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