DGAP-News: UBS Preferred Funding (Jersey) Ltd.: Publication in accordance with Paragraph 37q Abs 2. Satz 1 WpHG
(firmenpresse) - DGAP-News: UBS Preferred Funding (Jersey) Ltd. / Key word(s):
Miscellaneous/Miscellaneous
UBS Preferred Funding (Jersey) Ltd.: Publication in accordance with
Paragraph 37q Abs 2. Satz 1 WpHG
28.02.2013 / 16:16
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Publication in accordance with Paragraph 37q Abs.2. Satz 1 WpHG
The German Financial Reporting Enforcement Panel has reviewed the Annual
Report of UBS Preferred Funding (Jersey) Ltd. for the year ending 31
December 2011 and has determined that the report contains an error:
Preferred securities amounting to 995 mio EUR are presented in the
statement of financial position as equity. This does not comply with IAS 32
paragraph 11 ff. Because of the issuing conditions of the non-cumulative
perpetual preferred securities there is a contractual obligation to pay out
distributions, if certain conditions are met. The preferred securities
therefore have to be accounted as liability.
End of Corporate News
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28.02.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's 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: UBS Preferred Funding (Jersey) Ltd.
Durell House / 28 New Street
JE2 3RA St. Helier
Jersey Guernsey
Phone: +44 1534 70 1000
Fax: +44 1534 70 1099
E-mail: stuart.littlewood(at)ubs.com
ISIN: DE000A0D1KX0
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart
End of News DGAP News-Service
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202677 28.02.2013
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Datum: 28.02.2013 - 16:16 Uhr
Sprache: Deutsch
News-ID 234577
Anzahl Zeichen: 2742
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Kategorie:
Business News
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