Brighton Pier Group PLC (The) Notification of Adoption of FRS 101 (2512G)
2016年8月4日 - 5:36PM
RNSを含む英国規制内ニュース (英語)
TIDMPIER
RNS Number : 2512G
Brighton Pier Group PLC (The)
04 August 2016
4 August 2016
The Brighton Pier Group PLC
("Brighton Pier Group" or the "Company")
Notification to Shareholders of Adoption of Financial Reporting
Standard (FRS) 101
Brighton Pier Group has posted a letter to its shareholders
relating to the adoption of FRS 101, the content of which is
reproduced below.
Notice of Adoption of Financial Reporting Standard 101 ("FRS
101"): Reduced Disclosure Framework
We wish to notify you about certain proposed changes to the
information that will be disclosed in The Brighton Pier Group PLC's
(the "Company" or the "Group") parent company financial statements
contained in the Company's future annual report and accounts.
A new UK GAAP accounting framework introduced by the Financial
Reporting Council ("FRC") became mandatorily effective for the
financial statements of UK companies with accounting periods
commencing on or after 1 January 2015. Under this new framework,
the Company is required to elect to prepare its parent company and
subsidiary company financial statements on one of the bases
permitted by the FRC. The Company will continue to prepare
consolidated accounts in accordance with EU-adopted International
Financial Reporting Standards as these remain unaffected by the new
accounting framework.
The Board considers that it is in the best interests of the
Company to adopt FRS 101, a reduced disclosure regime, for its
parent company and subsidiary company financial statements for the
year ending 26 June 2016 and on an ongoing basis until such time as
the Company notifies shareholders of any change to its chosen
accounting framework for the parent company financial statements.
For the avoidance of doubt, the adoption of FRS 101 will not change
the presentation of the Group's consolidated accounts.
The Company's election to adopt FRS 101 for its parent company's
financial statements does not require shareholder approval.
However, as stipulated in FRS 101, the Company is required to
notify all shareholders of this election. Any shareholder or
shareholders holding in aggregate 5 per cent or more of the total
allotted shares in the Company may object. Objections must be
served in writing and delivered to the Company Secretary at
Brighton Pier Group Plc, 36 Drury Lane, London, WC2B 5RR, United
Kingdom by no later than 30 August 2016.
Enquiries:
The Brighton Pier Group PLC
John Smith, Chief Financial Officer Tel: 020 7376
and Company Secretary 6300
Panmure Gordon (UK) Limited (Nominated Tel: 020 7886
Adviser & Joint Broker) 2500
Corporate Finance
Andrew Godber / Atholl Tweedie /
Duncan Monteith
Corporate Broking
Charles Leigh-Pemberton
Arden Partners plc (Joint Broker) Tel: 0207 7614
5900
Corporate Finance
James Felix / Benjamin Cryer
Corporate Broking
Ed Walsh / Jonathan Keeling
Maitland (Financial Communications Tel: 020 7379
Advisers) 5151
James Devas
Robbie Hynes
Website: www.brightonpiergroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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August 04, 2016 04:36 ET (08:36 GMT)
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