Pro Global Insurance Solutions PLC Adoption of Financial Reporting Standard (FRS)101 (2889R)
March 07 2016 - 8:58AM
UK Regulatory
TIDMPROG
RNS Number : 2889R
Pro Global Insurance Solutions PLC
07 March 2016
7(th) March 2015
Pro Global Insurance Solutions plc
Adoption of Financial Reporting Standard (FRS) 101 - Reduced
Disclosure Framework
Following the publication of FRS 100 Application of Financial
Reporting Requirements by the Financial Reporting Council, Pro
Global Insurance Solutions plc (the "Company") is required to
change its accounting framework for its entity financial statements
for the financial year ended 31 December 2015. The Board considers
that it is in the best interest of the Company to adopt FRS 101
Reduced Disclosure Framework. No disclosures in the current UK GAAP
financial statements would be omitted on adoption of FRS 101. The
Group consolidated accounts will continue to be prepared using
IFRS.
A shareholder or shareholders may serve objections to the use of
the disclosure exemptions on Pro Global Insurance Solutions plc, in
writing, to its registered office (88 Leadenhall Street, London
EC3A 3BP) or by email to the Company Secretary at
mike.dalzell@pro-global.com no later than 14 March 2016.
Enquiries:
Artur Niemczewski, Chief
Executive
Pro plc 020 7068 8123
-------------------------- --------------
Guy Wiehahn, Peel Hunt
LLP (nominated adviser
and broker) 020 7418 8900
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This information is provided by RNS
The company news service from the London Stock Exchange
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