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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Stagecoach Group Plc | LSE:SGC | London | Ordinary Share | GB00B6YTLS95 | ORD 125/228P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 104.70 | 104.80 | 105.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSGC Notification to Shareholders in accordance with FRS 101 Stagecoach Group plc has posted a letter to its shareholders relating to the adoption of FRS 101 Reduced Disclosure Framework. This included an accompanying letter concerning electronic communications with shareholders. The full text of the FRS 101 letter is set out below. Notice of Adoption of Financial Reporting Standard 101 ("FRS 101"): Reduced Disclosure Framework We wish to notify you about certain proposed changes to the information that will be disclosed in Stagecoach Group plc's (the "Company") parent company financial statements contained in the Company's future annual report and accounts. A new UK GAAP accounting framework introduced by the Financial Reporting Council ("FRC") became mandatorily effective for the financial statements of UK companies with accounting periods commencing on or after 1 January 2015. Under this new framework, the Company is required to elect to prepare its parent company financial statements on one of the bases permitted by the FRC. The Company will continue to prepare consolidated accounts in accordance with EU-adopted International Financial Reporting Standards as these remain unaffected by the new accounting framework. The Company however proposes to adopt FRS 101, a reduced disclosure regime, for its parent company financial statements for the year ending 30 April 2016 and on an ongoing basis until such time as the Company notifies shareholders of any change to its chosen accounting framework for the parent company financial statements. The Company's election to adopt FRS 101 for its parent company's financial statements does not require shareholder approval. However, as stipulated in FRS 101, the Company is required to notify all shareholders of this election. Any shareholder or shareholders holding in aggregate 5 per cent or more of the total allotted shares in the Company may object. Objections must be served in writing and delivered to the Company Secretary at Stagecoach Group plc, 10 Dunkeld Road, Perth PH1 5TW, United Kingdom by no later than 29 April 2016. If you do not object to the proposal, no further action is necessary. In accordance with the Financial Conduct Authority ("FCA") Listing Rule 9.6.1, a copy of the notification and the electronic communications letter sent to shareholders have been submitted to the National Storage Mechanism and will shortly be available at http://www.morningstar.co.uk/uk/NSM. This announcement is made pursuant to FCA Listing Rule 9.6.3. For further information, please contact: Stagecoach Group plc www.stagecoach.com Mike Vaux, Company Secretary 01738 442111 1 April 2016 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Stagecoach Group PLC via Globenewswire HUG#1999538 http://www.stagecoachgroup.com
(END) Dow Jones Newswires
April 01, 2016 07:00 ET (11:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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