BRDH Burani

 

TIDMBRDH 
 
RNS Number : 8624T 
Burani Designer Holding N.V. 
15 June 2009 
 
BURANI DESIGNER HOLDING N.V. ("BDH" or the "Company") 
DELAY IN PUBLICATION AND APPROVAL OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 
DECEMBER 2008 
The Company announces that it will not be publishing its consolidated financial 
statements for the year ended 31 December 2008 today as it previously indicated 
in the circular to shareholders dated 18 May 2009 (the "Circular"). The delay is 
due to the fact that certain subsidiaries of BDH, namely Arcte S.p.A. and Food 
Design S.p.A., did not provide BDH with their IAS compliant financial statements 
in a timely fashion. The reasons for the delays are: in relation to Arcte 
S.p.A., the fact that this company is reorganising its workforce to take account 
of the effect of the current economic conditions and accordingly the company has 
been recently focussed on this rather than preparing its IAS compliant financial 
statements; and in relation to Food Design S.p.A., this company has been 
focussed on reorganising its administrative reporting function and has not 
therefore been able to finalise the preparation of its IAS compliant financial 
statements. As a consequence, the Company has not been able to carry out the 
necessary preparatory work that is required in order to prepare the BDH 
consolidated financial statements for the year ended 31 December 2008. 
As a result of this delay, the Company is proposing to call its annual 
shareholders' meeting for the end of June 2009 at which it will (in addition to 
the other business to be conducted at such annual shareholders' meeting) seek 
shareholder approval for an extension up to 30 November 2009 in order to prepare 
annual accounts for BDH for the year ended 31 December 2008. It is expected that 
a notice convening the annual shareholders' meeting will be sent out shortly. In 
accordance with, and subject to the requirements of, article 18 of the Company's 
articles of association and article 2:101 paragraph 1 of the Dutch Civil Code, 
the General Meeting of Shareholders may decide to allow the Company's Board of 
Directors to delay preparation and publication of the annual accounts. 
Shareholders are reminded that following the shareholders' meeting of 5 June 
2009 at which a resolution was passed approving the cancellation of the 
admission of the Company's ordinary shares to trading on AIM, (the "De-Listing") 
that the De-Listing will become effective from 07.00 (UK time) (08.00 (CET)) on 
16 June 2009. 
Enquiries: 
+---------------------------------------+---------------------------------------+ 
| Burani Designer Holding N.V.          | Tel: +39 02 7642 0111                 | 
+---------------------------------------+---------------------------------------+ 
| Carol Brumer, IR                      |                                       | 
+---------------------------------------+---------------------------------------+ 
|                                       |                                       | 
+---------------------------------------+---------------------------------------+ 
| Shore Capital and Corporate Limited   | Tel: +44 20 7408 4090                 | 
| (NOMAD)                               |                                       | 
+---------------------------------------+---------------------------------------+ 
| Dru Danford                           |                                       | 
+---------------------------------------+---------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCILFLIREISLIA 
 

Burani (LSE:BRDH)
Historical Stock Chart
From Jun 2024 to Jul 2024

Burani (LSE:BRDH)
Historical Stock Chart
From Jul 2023 to Jul 2024