Countryside Properties PLC FRS102 Disclosure Exemption (8368K)

TIDMCSP

RNS Number : 8368K

Countryside Properties PLC

26 September 2016

26 September 2016

Countryside Properties plc

(the "Company")

Notification to Shareholders in accordance with FRS102 disclosure exemption

The Company has on 23 September 2016 posted a notice on the website at www.countryside-properties.com, the full text of which is set out below:

Countryside Properties plc

Important information regarding FRS102 disclosure exemption

Countryside Properties plc (the "Company") intends to apply FRS102 to its individual company accounts for the period ending 30 September 2016. The Company intends to take advantage of the following disclosure exemptions:

   --      Preparation of a statement of cash flows 
   --      Financial instruments disclosures 
   --      Disclosure of share based payment arrangements; and 
   --      Disclosure of key management personnel compensation. 

These disclosures will still be included as part of the consolidated financial statements of Countryside Properties plc.

The Company is required to notify all shareholders of this election and any shareholder or shareholders holding in aggregate 5% or more of the total share capital of the Company may object by writing to the Company Secretary at the Company's registered office (Countryside House, The Drive, Brentwood, Essex CM13 3AT) by 7 October 2016. If we do not receive objections totalling more than 5% of shares in issue, the proposed changes will be applied to the 30 September 2016 statutory financial statements.

If you do not object to the proposal, no further action is necessary.

Enquiries:

Countryside Properties - 01277 260 000

Gary Whitaker - Company Secretary

Victoria Prior - Investor Relations & Strategy Director

This information is provided by RNS

The company news service from the London Stock Exchange

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September 26, 2016 08:10 ET (12:10 GMT)