Reduced Disclosure Framework

RNS Number : 7160N

Plant Health Care PLC

02 February 2016

 

Plant Health Care plc

2 February 2016

("Plant Health Care" or the "Company")

Adoption of the reduced disclosure framework within Financial Reporting Standard (FRS) 102

Following the publication of FRS 100 'Application of Financial Reporting Requirements' by the Financial Reporting Council, Plant Health Care plc is required to change its accounting framework for its entity financial statements, which currently adopt UK GAAP.  It is intended for the period ended 31 December 2015 and future years that the parent entity and group subsidiaries adopt FRS 102, which is based on International Financial Reporting Standards as adopted by the European Union.  As part of the adoption of FRS 102, the parent entity and group subsidiaries intend to take advantage of the "Reduced Disclosure Framework" available within FRS 102.  The reduced disclosure framework is not expected to give rise to any significant changes in disclosure. 

Shareholder approval to adopt FRS102 is not required, however shareholders holding 5% or more of the issued share capital of the Company may object to the use of the reduced disclosures available within FRS 102.  If you have any queries regarding the Company's adoption of FRS102 or would like to object to the use of the reduced disclosure framework in the Company's financial statements, please contact Jeffrey Hovey, the Company's Chief Financial Officer at its registered office (48 Chancery Lane, London WC2A 1JF) not later than 1 March 2016.

Further information is available at: www.planthealthcare.com or please contact:

Plant Health Care plc

Jeff Hovey, Chief Financial Officer
Tel: [phone] (x101)

Liberum

Clayton Bush / Chris Clarke

Tel: [phone]

LHA

Ed McGregor / Jody Burfening
Tel: [phone]

 

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