In addition to the external examination of the allegations of the stock market analysis company Viceroy Research by the auditor Deloitte – the OÖN have reported – the Linz IT company S&T now also wants to enlarge the supervisory board. The board of directors of the listed group, Hannes Niederhauser, announced yesterday that an independent expert on the issues of law and rules of conduct (compliance) will be brought into the supervisory body.
In terms of content, the CEO again rejected the allegations, which had caused the S&T share to crash by around a third two weeks ago. The papers have only partially recovered since then. Viceroy described S&T as completely overvalued in a report in mid-December. The company structure is unnecessarily complex, and there are off-balance sheet units that have been shown as minority holdings, are the allegations.
The Linz company published a detailed response to the allegations on Tuesday. The investigation should be completed and published in the course of the first quarter of 2022. According to the company, the operational forecast for the current financial year remains upright.
Source: Nachrichten
