Driver Group plc Reduced Disclosure Framework within FRS 102 (5487W)
2017年2月10日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMDRV
RNS Number : 5487W
Driver Group plc
10 February 2017
Driver Group plc ("the Company")
Adoption of the reduced disclosure framework within Financial
Reporting Standard (FRS) 102
Driver Group plc, the international consultancy specialising in
contract claims management, dispute resolution and expert witness
services, today announces that following publication of FRS100
"Application of Financial Reporting Requirements" by the Financial
Reporting Council, it is required to change the accounting
framework for its entity financial statements and those of its UK
subsidiaries, which currently adopt UK GAAP. It is intended, for
the period ended 30 September 2016 and future years, that the
parent entity and its UK subsidiaries adopt FRS102, which is based
on International Financial Reporting Standards as adopted by the
European Union. As part of the adoption of FRS 102, the parent
entity and its UK subsidiaries intend to take advantage of the
"Reduced Disclosure Framework" available within FRS 102.
Driver Group plc's consolidated financial statements are
unaffected by this change, and will continue to be prepared in
accordance with International Financial Reporting Standards (IFRSs)
as adopted by the European Union.
Shareholder approval to adopt FRS 102 is not required. However,
owing to the election to take certain disclosure exemptions
permitted under FRS 102, the Company is required to notify
shareholders of this election and any shareholder or shareholders
holding in aggregate five percent or more of the total allotted
shares in the Company may object. Any objections must be served in
writing not later than 5.00 p.m. on 15 February 2017 to the Company
Secretary at the Company's registered office at 4 St. Crispin Way,
Haslingden, Rossendale BB4 4PW.
Enquiries:
Driver Group plc
Gordon Wilkinson (CEO) 07964-518095 gordon.wilkinson@driver-group.com
Hugh Cawley (CFO) 07971-469975 hugh.cawley@driver-group.com
N+1 Singer - Nominated Adviser
Sandy Fraser/James White 0207-496-3000
This information is provided by RNS
The company news service from the London Stock Exchange
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