Agriterra Ltd - Update regarding publication of annual accounts
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Update regarding publication of annual accounts
As shareholders will be aware, in accordance with Rule 19 of the AIM Rules for Companies, the Accounts were due to be published no later than
Since the Due Date, the Company's internal audit team (the "IAT") has prepared and released to the Company's audit committee (the "Audit Committee") its "Internal Audit Report 1 - 2019"; preliminary findings based from this report confirm that:
· discovered fraud during the 2019 financial year was less than
· a further US
The Company confirms that management is taking steps to improve the weighbridge system and have started implementing some of the recommendations made by the independent internal auditors.
The IAT is in the final stages of finalising its "Internal Audit Report 2 - 2019" (anticipated to be the final report in relation to these matters); the final report is scheduled to be presented to the Audit Committee before end
The Company's auditors,
Due to the delay in publishing of the Company's Accounts, dealings in the Company's ordinary shares have been and will remain temporarily suspended from trading on AIM, until such time as the Accounts have been duly published in compliance with the AIM Rules for Companies.
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For further information please visit www.agriterra-ltd.com or contact:
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+44 (0) 207 409 3494
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