Pro Global Insurance Solutions PLC Adoption of Financial Reporting Standard (FRS)101 (2889R)

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 
--------------------------  --------------

This information is provided by RNS

The company news service from the London Stock Exchange

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March 07, 2016 08:58 ET (13:58 GMT)

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