H&T Group PLC Adoption of Financial Reporting Standard (FRS) 101 (5807I)

TIDMHAT

RNS Number : 5807I

H&T Group PLC

10 December 2015

10 December 2015

H&T Group plc

("H&T" or "the Company")

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, H&T is required to change the accounting framework for its entity financial statements and those of its subsidiaries H&T Finance Limited and Harvey and Thompson Limited, which currently adopt United Kingdom Generally Accepted Accounting Standards (UK GAAP). It is intended for the year ended 31 December 2015 and future years that the parent entity and its subsidiaries adopt FRS 101 "Reduced Disclosure Framework", based on International Financial Reporting Standards (IFRS) as adopted by the European Union.

Objections to the use of the disclosure exemptions 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 Steve Fenerty, the Company's Finance Director, at its registered office (Times House, Thowley Way, Sutton, Surrey, SM1 4AF) not later than 31 December 2015.

H&T's consolidated financial statements are unaffected by this change, and will continue to be prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union.

ENDS

For further information:

H&T Group plc

Tel: [phone]

John Nichols, Chief Executive

Steve Fenerty, Finance Director

Numis Securities (Broker and Nominated Adviser)

Tel: [phone]

Etienne Bottari / Freddie Barnfield - Nominated Adviser

Mark Lander - Corporate Broking

Haggie Partners (Public Relations)

Tel: [phone]

Damian Beeley

Brian Norris

This information is provided by RNS

The company news service from the London Stock Exchange

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December 10, 2015 02:00 ET (07:00 GMT)