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SIX Exchange Regulation AG (SER) has submitted a request for a sanction to the Sanctions Commission of SIX Group against Evolva Holding SA concerning alleged violations of the regulations on financial reporting on 22 August 2022.
After completion of its investigation, SER has concluded that the 2019 and 2020 IFRS annual financial statements of Evolva Holding SA contain material misstatements. For this reason SER has submitted a request for a sanction to the Sanctions Commission against Evolva Holding SA on 22 August 2022.
The alleged deficiencies refer to the goodwill impairment tests used for the 2019 and 2020 IFRS annual financial statements as well as the related disclosures.
No information will be provided while the sanction proceedings are ongoing. SER will inform the public about the outcome of the sanction proceedings.
