Ad hoc announcement pursuant to § 15 WpHG: Changes in DF Deutsche Forfait AG’s marketing office in LondonThe Board of Management of DF Deutsche Forfait AG (Prime Standard, ISIN: DE000A14KN88) has decided to terminate the cooperation agreement with its London marketing office with immediate effect. This team has generated on average around 10% of DF Group’s total business volume for the past three years.
The decision has been taken because DF and the marketing team were not able to reach an agreement on an adjustment to the compensation system. These adjustments to the cooperation agreement are an essential component of the ongoing operative restructuring of the Company. According to the Board of Management it is necessary to further optimize the performance and the cost structure to make the company more competitive.
DF would like to thank its former team for the successful cooperation of the last years and wishes them all the best in its new venture.
The new board member Mark West is taking care of the replacement, and is currently in discussion with potential candidates to build a new marketing team in London. The management is confident that this will help the continued resurgence in a timely manner and to the benefit of all stakeholders.