DDD Group PLC FRS 101 Notice (7188O)

TIDMDDD

RNS Number : 7188O

DDD Group PLC

11 February 2016

11 February 2016

DDD Group plc

Notification to Shareholders

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, DDD Group plc ("DDD" or the "Company") is required to change its accounting framework for its parent entity (Company) financial statements, which is currently UK GAAP. It is intended, for its financial year ending 31 December 2015 and future years, that the parent entity will adopt FRS 101 "Reduced Disclosure Framework", based on International Financial Reporting Standards as adopted by the European Union.

It is noted that no disclosures in the current parent Company UK GAAP financial statements will be omitted upon the adoption of FRS 101. There will be no change to the accounting framework for the group's consolidated financial statements, which will continue to be prepared in accordance with International Financial Reporting Standards, as adopted in the European Union.

Objections to its adoption may be served by a shareholder or shareholders holding in aggregate 5% or more of the total allotted shares of the Company, in writing, to its registered office (42-50 Hersham Road, Walton-on-Thames, Surrey, KT12 1RZ), not later than 11 March 2016.

Enquiries

 
 DDD Group 
  Chris Yewdall, President 
  & CEO 
  Victoria Stull, CFO               [phone] 
 Peel Hunt LLP (UK Nomad/Broker) 
  Richard Kauffer / Euan 
  Brown                             [phone] 
 Beaufort Securities (Joint 
  broker) 
  Jon Levinson / Elliot 
  Hance                             [phone] 
 Berns & Berns (US PAL) 
  Michael Berns, esq.               [phone] 
 
 

About DDD

DDD transforms the visual experience. Its advanced imaging and TriDef(R) solutions are licensed by leading brands including Samsung, LG and Lenovo for use in TVs, tablets and PCs. Over 55 million 3D products have been shipped by DDD's licensees worldwide. DDD's shares are quoted on the London Stock Exchange's AIM Market (AIM: DDD) and the OTCQX (DDDGY). For more information please visit www.DDD.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 11, 2016 02:00 ET (07:00 GMT)