Update re Final Results

RNS Number : 4628C

Kennedy Ventures PLC

22 January 2018

 

22 January 2018

Kennedy Ventures plc

Update re Final Results

Kennedy Ventures plc ("Kennedy Ventures" or "the Company), the AIM quoted investment company who, through its stake in African Tantalum (Pty) Limited ("Aftan"), has an interest in the Namibia Tantalite Investment Mine in Namibia, is pleased to provide an update on the audit of its Namibian investments and the publication of its audited group accounts for the year ended 30 June 2017.

Further to the announcement on 21 December 2017, the Company can confirm that BDO, the auditors to Kennedy's Namibian subsidiary companies, have now largely completed their audit work and have confirmed to the Company that they will be in a position to provide audit sign off to the group auditors no later than 26 February 2018. Following receipt of BDO's audit sign off for the subsidiary accounts, the group auditors will require approximately two weeks to complete their audit work. Upon completion of the audit work the Company will publish their audited group accounts without delay.  

Larry Johnson, CEO of Kennedy Ventures, commented:

"Despite the frustration of the suspension, something that was outside of our control and which we are doing everything we can to bring to a quick conclusion, business at the mine continues to operate as normal and we look forward to providing a detailed operational update to shareholders in due course. The board of directors continue to look to the future with confidence."

Kennedy Ventures plc (c/o Camarco)	Tel: [phone]
Larry Johnson (CEO)
finnCap (Nominated Adviser and Joint broker) Christopher Raggett / Scott Mathieson / Anthony Adams (corporate finance) Simon Johnson (corporate broking)	Tel: [phone]
Shore Capital (Joint broker) Mark Percy / Toby Gibbs (corporate finance) Jerry Keen (corporate broking)	Tel: [phone]
Camarco (PR) Gordon Poole / James Crothers / Monique Perks	Tel: [phone]

The information contained 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.

 

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