Agriterra Ltd Change of Accounting Year-End (0401Y)
February 28 2017 - 03:36AM
UK Regulatory
TIDMAGTA
RNS Number : 0401Y
Agriterra Ltd
28 February 2017
Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector:
Agriculture
28 February 2017
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Agriterra Ltd ('Agriterra' or the 'Company')
Change of Accounting Year-End
Agriterra announces that it has changed its accounting reference
date from 31 May to 31 March, with immediate effect, so as to more
effectively co-ordinate the Company's annual report and accounts
with the business cycle of the Company's underlying operations.
As a result of the change, the Company's reporting calendar will
be as follows:
-- Audited accounts for the 10 months to 31 March 2017 will be published by 30 September 2017
-- Unaudited interim accounts for the 6 months ended 30
September 2017 will be published by 31 December 2017
Thereafter annual and interim reports will be published each
year for the 12 months to 31 March and the 6 months to 30
September, respectively.
The Board considers that the change in accounting reference date
aligns the Company's reporting period to the maize harvest,
storage, processing and funding cycle of its principal revenue
generating Grain division.
The Board does not foresee any material financial implications
on the Group as a result of the change in accounting reference date
of the Company, nor is there any other matter of significance that
needs to be brought to the attention of the shareholders of the
Company in this regard.
** ENDS **
For further information please visit www.agriterra-ltd.com or
contact:
Andrew Groves Agriterra Ltd Tel: +44 (0)
20 7408 9200
Daniel Cassiano-Silva Agriterra Ltd Tel: +44 (0)
20 7408 9200
David Foreman Cantor Fitzgerald Tel: +44 (0)
Europe 20 7894 7000
Michael Reynolds Cantor Fitzgerald Tel: +44 (0)
Europe 20 7894 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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