Deutsche Börse AG: Court does not approve closure of the investigation proceedings against Chief Executive Officer
October 23, 2017 at 01:45 pm EDT
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DGAP-Ad-hoc: Deutsche Börse AG / Key word(s): Legal Matter
Deutsche Börse AG: Court does not approve closure of the investigation proceedings against Chief Executive Officer
23-Oct-2017 / 19:38 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Deutsche Börse Aktiengesellschaft - Court does not approve closure of the investigation proceedings against Chief Executive Officer
Today, the local court (Amtsgericht) Frankfurt am Main refused to approve the applied for closure of the investigation proceedings against the Chief Executive Officer of Deutsche Börse AG, Carsten Kengeter, in relation to the accusations of an alleged violation of the prohibition against insider trading in December 2015 as well as the alleged failure to publish an ad-hoc-announcement in January 2016 subject to conditions in the form of payment of EUR 500,000.00. In light of the significance of the proceedings the court considers it appropriate to continue the investigation proceedings at this time. The further investigations could lead from a closure of the proceedings due to lack of adequate suspicion to an indictment.
The court has returned the matter, both as relates to the investigation proceedings against the Chief Executive Officer as well as to potential actions against the Company, to the Public Prosecutor (Staatsanwaltschaft) which will now decide upon further procedural steps.
Contact:
Martin Halusa
Group Communications
Deutsche Börse AG
Phone: +49 69 211 1 29 01
Kai Fischer
Group Communications
Deutsche Börse AG
Phone: +49 69 211 1 86 73
E-Mail: media-relations@deutsche-boerse.com
23-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Deutsche Börse AG is one of the leading European stock exchanges. Net sales break down by activity as follows:
- trading services (44%): execution and management of operations on derivatives and in cash (shares, bonds, warrants, etc.; Xetra);
- compensation, payment-delivery, and conservation services and securities (41.2%);
- distribution of indexes and market data (14.8%). The group is also involved in development and implementation of IT solutions.
Net sales are distributed geographically as follows: European Union (53.1%), Europe (27.5%), America (13.4%) and Asia/Pacific (6%).