Centaur Media PLC Annual Report and Notice of AGM (7010B)

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RNS Number : 7010B

Centaur Media PLC

05 April 2017

Centaur Media Plc

(the "Company")

ANNUAL REPORT 2016 AND ASSOCIATED DOCUMENTS

London, UK - 5 APRIL 2017 - Centaur Media plc (the "Company") (LSE: CAU), the business to business information, insight and events group, announces that its Annual General Meeting will be held on Tuesday 9 May 2017 at 12.30pm at Wells Point, 79 Wells Street, London, W1T 3QN.

In compliance with Listing Rule 9.6.1R, the following documents have today been submitted to the National Storage Mechanism and will shortly be available at www.morningstar.co.uk/uk/NSM

   --      Annual Report 2016 
   --      Notice of 2017 Annual General Meeting 
   --      Form of Proxy for 2017 Annual General Meeting 

The Annual Report 2016 and Notice of 2017 Annual General Meeting are also available in the Investors section of the Centaur Media plc website at http://www.centaurmedia.com

The information set out in the appendices to this announcement, which is extracted from the Annual Report 2016, constitutes the material required by Disclosure & Transparency Rule 6.3.5 which is required to be communicated to the media in full unedited text through a Regulatory Information Service. This announcement is not a substitute for reading the Annual Report and Accounts for the period ended 31 December 2016.

Enquiries:

Grainne Brankin

Company Secretary

020 7971 4506

Note to editors

Centaur Media is an award winning business to business information, insight and events group that inspires and enables people to excel at what they do, setting the standard for market insight, interaction and impact.

Leading brands include: Econsultancy, Oystercatchers, Marketing Week, Festival of Marketing, Creative Review, Celebrity Intelligence, Fashion Monitor, Money Marketing, Platforum, The Lawyer, VB Research, Employee Benefits, The Engineer, Subcon, Homebuilding & Renovating, Business Travel Show and The Meetings Show.

Appendices

Appendix A: Directors Responsibility Statement

The Directors are responsible for preparing the annual report, including the Remuneration Committee Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have prepared the Group and Company financial statements in accordance with International Financial Reporting Standards ('IFRSs') as adopted by the European Union. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of the profit or loss of the Group for that period. In preparing these financial statements, the Directors are required to:

   --     Select suitable accounting policies and then apply them consistently; 
   --     Make judgements and accounting estimates that are reasonable and prudent; 

-- State whether applicable IFRSs as adopted by the European Union have been followed, subject to any material departures disclosed and explained in the financial statements;

-- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group and Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and enable them to ensure that the financial statements and the Remuneration Committee Report comply with the Companies Act 2006 and, as regards the Group financial statements, Article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Directors are responsible for the maintenance and integrity of the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The Directors consider that the annual report and financial statements, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess a company's position and performance, business model and strategy.

Each of the Directors, whose names and functions are listed in the Board of Directors summary on page 30, confirms that, to the best of their knowledge:

-- The Group and Company financial statements, which have been prepared in accordance with IFRSs as adopted by the EU, give a true and fair view of the assets, liabilities, financial position and loss of the Group; and

-- The Operational Review and Financial Review, contained in the Strategic Report and the Directors' Report contained in the Governance Report, include a fair review of the development and performance of the business and the position of the Group, together with a description of the principal risks that it faces.

By order of the Board

Grainne Brankin

Company Secretary

28 March 2017

Appendix B: Related Party Transactions

Group

Key management compensation is disclosed in note 6. There were no other material related party transactions.

Company

During the year, interest was recharged from subsidiary companies as follows:

 
                      2016    2015 
                      GBPm    GBPm 
------------------  ------  ------ 
 Interest payable      0.4     0.2 
------------------  ------  ------ 
 

Borrowings of GBP1.5m were received (2015: GBP2.9m) by subsidiaries on behalf of the Company.

The balances outstanding with subsidiary companies are disclosed in notes 15 and 19.

Audit Exemption

For the year ended 31 December 2016 the Company has provided a guarantee pursuant to sections 479A-C of the Companies Act 2006 over the liabilities of the following subsidiaries and as such they are exempt from the requirements of the Act relating to the audit of individual financial statements, or preparation of individual financial statements, as appropriate, for this financial year.

 
 Name                                    Company    Outstanding 
                                          number    liabilities 
                                                         (GBPm) 
-------------------------------------  ---------  ------------- 
 Centaur Communications Limited         01595235            1.4 
-------------------------------------  ---------  ------------- 
 Centaur Consumer Exhibitions 
  Limited                               07276298            3.4 
-------------------------------------  ---------  ------------- 
 Chiron Communications Limited          01081808           13.9 
-------------------------------------  ---------  ------------- 
 Ascent Publishing Limited              02561341            0.9 
-------------------------------------  ---------  ------------- 
 The Forum for Expatriate Management 
  Limited                               06776955            0.3 
-------------------------------------  ---------  ------------- 
 Pro-Talk Ltd                           03939119              - 
-------------------------------------  ---------  ------------- 
 Taxbriefs Holdings Limited             03572069              - 
-------------------------------------  ---------  ------------- 
 Taxbriefs Limited                      01247331            0.2 
-------------------------------------  ---------  ------------- 
 Investment Platforms Limited           06439194            0.5 
-------------------------------------  ---------  ------------- 
 Venture Business Research 
  Limited                               05663936            0.1 
-------------------------------------  ---------  ------------- 
 The Profile Group (UK) Limited         05243851            4.0 
-------------------------------------  ---------  ------------- 
 E-consultancy.com Limited              04047149            3.4 
-------------------------------------  ---------  ------------- 
 Mayfield Publishing Ltd                02034820              - 
-------------------------------------  ---------  ------------- 
 Your Business Magazine Limited         01707331              - 
-------------------------------------  ---------  ------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 05, 2017 10:09 ET (14:09 GMT)