BRAIN FORCE Group
06.03.2009 00:00
BRAIN FORCE to list on the Standard Market Continuous of the Vienna Stock Exchange as of March 23, 2009

The Management Board of BRAIN FORCE HOLDING AG (Vienna Stock Exchange: BFC, Reuters: BFC.VI), a leading IT service company with business operations in Austria, Germany, Switzerland, Italy, Netherlands and the Czech Republic, was informed by the Vienna Stock Exchange today that the BRAIN FORCE shares (ISIN: AT0000820659) as well as the shares of six other companies would be removed from the Prime Market as of March 23, 2009. The Vienna Stock Exchange justified its decision exclusively on the grounds that BRAIN FORCE does not fulfill the criterion of minimum free float market capitalization. As of March 23, 2009 the ordinary shares of BRAIN FORCE HOLDING AG will be listed in the Standard Market Continuous of the Vienna Stock Exchange.

As at February 28, 2009, 45% of the shares of BRAIN FORCE HOLDING AG were in free float, featuring a free float factor of 0.5. At a share price traded at EUR 1.69 at the end of February, market capitalization amounted to about EUR 13 million. The criterion of minimum market capitalization was calculated by the Vienna Stock Exchange as totaling EUR 16.06 million. “The Vienna Stock Exchange confirmed that we fulfilled all the qualitative criteria for listing in the Prime Market, and the BRAIN FORCE share was only removed from trading in the Prime Market due to the share price decline in recent months”, says Thomas Melzer, Chief Financial Officer of BRAIN FORCE HOLDING AG. “Our shareholders can rely on the fact that BRAIN FORCE will continue to meet the strict corporate governance and transparency standards of the Prime Market despite the changeover to the Standard Market Continuous“.