Adoption of FRS 101 - Reduced Disclosure Framework

RNS Number : 4799J

Anglo-Eastern Plantations PLC

18 December 2015

 

18 December 2015

Anglo-Eastern Plantations Plc

("Anglo-Eastern" or "Company")

Adoption of FRS 101 - Reduced Disclosure Framework

Following the publication of FRS 100 'Application of Financial Reporting Requirements' by the Financial Reporting Council, Anglo Eastern is required to change its accounting framework for its entity financial statements for its financial year commencing 1 January 2015 and for future years.  The Directors consider that it is in the best interests of Anglo Eastern for the Company to adopt FRS 101 'Reduced Disclosure Framework'.

No disclosures in the Company's current UK GAAP financial statements would be omitted on adoption of FRS 101.

A shareholder, or shareholders, holding in aggregate 5% or more of the total allotted shares in the Company may serve objections to the use of the disclosure exemptions on the Company in writing, to Christine Dilworth at its registered office (Quadrant House, 6^th Floor, 4 Thomas More Square, London, W1W 1YW, UK) not later than 31 January 2016.

This election will apply 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.

Enquiries:

Anglo-Eastern Plantations Plc
Dato' John Lim Ewe Chuan	020 7216 4621
Panmure Gordon
Russell Cook Jonathan Surr	020 7886 2500

 

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