Notice of Adoption of FRS 101

RNS Number : 6304S

Trinity Mirror PLC

22 December 2016

 

22 December 2016

TRINITY MIRROR PLC

NOTICE OF ADOPTION OF FRS 101

Trinity Mirror plc's (the "Company") parent company financial statements contained in the Trinity Mirror plc Annual Report for the 52 weeks ended 27 December 2015 (the "Annual Report 2015") were prepared in accordance with UK Generally Accepted Accounting Practice ("UK GAAP"). The Annual Report 2015 Report can be found on the Company's website at www.trinitymirror.com.

A new UK GAAP accounting framework introduced by the Financial Reporting Council ("FRC") becomes mandatorily effective for the financial statements of UK companies with accounting periods commencing on or after 1 January 2015. Under this new framework, the Company is required to elect to prepare its parent company financial statements on one of the bases permitted by the FRC. The consolidated financial statements of the Company's group will continue to be prepared in accordance with EU-adopted IFRS and are unaffected by this new accounting framework.

The Company proposes to adopt FRS 101, a reduced disclosure regime, for its parent company financial statements for the 53 weeks ended 1 January 2017 and on an on-going basis until such time as the Company notifies shareholders of any change to its chosen accounting framework for the parent company financial statements.

The Company's election to adopt FRS 101 for its parent company's financial statements does not require shareholder approval. However, as stipulated in FRS 101, the Company is required to notify all shareholders of this election. Any shareholder or shareholders holding in aggregate 5 per cent or more of the total allotted shares in the Company may serve an objection. Objections must be served in writing and delivered to the Company Secretary, Trinity Mirror plc, One Canada Square, Canary Wharf, London, E14 5AP, United Kingdom by no later than 31 January 2017.

Enquiries
Trinity Mirror plc	020 7293 3553
Simon Fox, Chief Executive
Vijay Vaghela, Group Finance Director
Brunswick	020 7404 5959
Mike Smith
Will Medvei

 

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