Topic Information obligations for issuers Obligations to provide information pursuant to sections 48 et seq. of the WpHG

Issuers of securities admitted to trading on a stock exchange are obliged to satisfy a large number of information obligations so as to enable investors to fully exercise their rights attached to those securities.

For instance, issuers must without delay publish in the Federal Gazette (Bundesanzeiger) the convening of the shareholders’ meeting, notifications on the distribution of dividends, the issue of new shares and any arrangement for conversion, cancellation and subscription rights as well as a decision in the general meeting as regards to these issues. Issuers are furthermore obliged to communicate any change in the rights attached to the admitted securities and any publication of important information in a third country.

updated on: 18.05.2018

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