Delay to publication of audited accounts

GreenSquareAccord Limited
27 September 2023
 

Delay to publication of audited accounts

 

GreenSquareAccord Limited

27 September 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN, CANADA OR SWITZERLAND OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

GreenSquareAccord Limited (the Issuer) has issued £400,000,000 5.250 per cent. Secured Sustainability Bonds due 2047 (the Bonds).

The terms of the Bonds includes a requirement for the Issuer to provide to M&G Trustee Company Limited (the Bond Trustee) a copy of its own and its consolidated financial statements for each financial year within 180 days of the end of such financial year.  The Issuer has been informed by its auditors, BDO LLP (BDO), that it will be unable to finalise its audit of the Issuer's financial statements for its financial year ended 31 March 2023 (the 2023 Financial Statements) prior to 27 September 2023, due to health issues with respect to key staff members and the internal processes at BDO.

On the basis that the cause of delay is due to circumstances which are outside of the control of the Issuer and the Issuer has confirmed that, to the best of its knowledge and belief, there is no reason to believe that the 2023 Financial Statements will be subject to any audit qualification and the draft 2023 Financial Statements do not contain any non-public, price sensitive information about the Issuer, the Issuer has sought, and obtained, the consent of the Bond Trustee to postpone such requirement to 31 October 2023.

For further information, please contact:

 

James Tarrant

Director of Corporate Finance & Treasury

GreenSquareAccord Limited

Bruce Kenrick House

2 Killick Street

London N1 9FL

 

Email: james.tarrant@greensquareaccord.co.uk

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings