PRESS RELEASE
AXÉLERO S.P.A.: ADOPTION OF IAS/IFRS ACCOUNTING STANDARDS AND 2017 CORPORATE EVENTS CALENDARMilan, January 30, 2017 - The Board of Directors of axélero S.p.A., an Internet Company listed on the AIM Italia (Ticker: AXEL), involved in the Italian media, marketing and digital advertising sector, with a focus on supporting the digitalisation of Italian enterprises and Public Administrations, has today approved application of IAS/IFRS accounting standards from the statutory and consolidated financial statements at December 31, 2016.
The Board of Directors also approved, as part of the transition to international accounting standards, in accordance with the provisions of Article 2364, paragraph 2 of the Civil Code, in addition to Article 16 of the By-Laws, utilisation of the extended 180-day deadline from year-end for approval of the 2016 Financial Statements by the Shareholders' Meeting.
Leonardo Cucchiarini, Chairman and Chief Executive Officer of axélero stated: "In 2016, we began the ERP system change-over which was outsourced to Replay, while currently we are completing the transition to IAS/IFRS accounting standards. This decision was undertaken with a view to delivering even stronger and more transparent communication to an increasingly international stakeholder base, in line with the disclosure required of companies listed on the Italian Stock Exchange's main index."
At the same meeting, the Board of Directors also approved the 2017 Financial events calendar:
DATE | EVENT |
March 20, 2017 | Board of Directors' Meeting Publication of 2016 preliminary figures |
May 29, 2017 | Board of Directors' Meeting Approval of the 2016 Statutory Financial Statements and Consolidated Financial Statements |
June 28, 2017 | Shareholders' AGM (First call) Approval of the 2016 Statutory Financial Statements |
June 29, 2017 | Shareholders' AGM (Second call) |
Approval of the 2016 Statutory Financial Statements | |
September 28, 2017 | Board of Directors' Meeting Approval of the 2017 Half-Year Report |
Axélero S.p.A. will communicate in a timely manner changes to the calendar in accordance with Article 82-ter of the Issuers' Regulation.
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axélero S.p.A., listed on the AIM Italia market since December 2014, is an Internet Company founded in 2008 byLeonardo Cucchiarini andStefano Maria Cereseto. The Company is an Italian media, marketing and digital advertising operator, supporting the digitalisation of businesses and Public Administrations. Axélerospecifically provides effective and innovative digital advertising and digital marketing solutions, tailor-made for small, medium and large enterprises and national and local institutions to gain greater visibility, useful contacts and concrete business results. Ticker: AXEL, Codice ISIN: IT0005069809
axélero contacts Francesca Cocco Tel. +39 02 84259800 ir@axelero.itfcocco@lerxiconsulting.com | NOMAD Contacts Banca Popolare di Vicenza S.p.A. Tel +39 051 4850992 axelero@popvi.it |
Media Relations Contacts Image Building Simona Raffaelli, Emanuela Borromeo, Vanessa Corallino Tel +39 02 89011300 axelero@imagebuilding.it |
axélero S.p.A. published this content on 30 January 2017 and is solely responsible for the information contained herein.
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