Stand:updated on 17.06.2025 | Topic Information obligations for issuers Information obligations under section 48 et seq. of the WpHG
Issuers of securities that have been admitted to trading on a stock exchange are required to meet a large number of obligations to provide information so that investors can exercise the rights attached to their securities in full.
For example, issuers are required to publish in the Federal Gazette (Bundesanzeiger) notices convening shareholders’ meetings, notifications on the distribution of dividends and announcements regarding the issuance of new shares in addition to any arrangements for conversion rights, pre-emptive rights, cancellation rights and subscription rights, plus decisions relating to such rights, within the prescribed period. In addition, issuers are obliged to report any changes in the rights attached to the securities that have been admitted to trading and any publication of important information in third countries.
