The Autorité des marchés financiers (AMF) reminds companies listed on Alternext that the rules governing periodic and ongoing disclosure are the same regardless of whether their securities are admitted to trading following a public offering or a private placement.
Pursuant to Articles 4.1 et seq. of the Alternext rulebook, companies listed on this market are required to publish within four months of their financial year-end their annual financial statements, management discussion and analysis (MD&A) and, where applicable, consolidated financial statements and the group MD&A, as well as the reports of the statutory auditors on the aforementioned financial statements. Within four months of the end of the second quarter, companies must publish a semi-annual report that includes a balance sheet, an income statement and commentary for the period. This information must be posted on the websites of the company and Alternext and remain there for two years.
In light of the information supplied by NYSE Euronext, the AMF has observed that some companies had not complied with the annual financial statement disclosure requirement by the date stipulated in the market rulebook. It therefore calls on those companies to make these disclosures in accordance with established procedures, within the specified deadlines and in full compliance with the content requirements. The AMF also reminds listing sponsors of the duty to inform companies of their disclosure requirements before they list on Alternext and to ensure that, once listed, those companies fulfil their periodic disclosure obligations.