S-Ventures PLC Update on the release of financial statements (0560B)
May 30 2023 - 8:37AM
UK Regulatory
TIDMSVEN
RNS Number : 0560B
S-Ventures PLC
30 May 2023
S-VENTURES PLC
("S-Ventures" or the "Company")
Update on the release of consolidated audited financial
statements as of 30 September 2022
S-Ventures plc (AQSE: SVEN) (OTCQB: SVTPF), the company
investing in and growing exciting brands across the natural,
wellness and food-tech categories, wishes to provide an update
regarding the delay to the publication of the consolidated audited
results of the Company and its subsidiaries (the "Group") for the
financial year ended 30 September 2022 ("FYE 2022").
Work on the FYE 2022 audit is close to finalisation and
completion and this is expected to be fully concluded and released
by Friday 16(th) June. There have been a number of factors for the
delay, mainly surrounding PPA rules and valuations of subsidiaries
especially in Germany where the situation has been complex. The
auditors and the board of S-Ventures PLC are working hard to ensure
we complete the missing items to ensure we meet the 16(th) June
release date. New internal protocols have been put in place to
manage this process faster and more effectively for the upcoming
new financial year end and treatment of recent acquisitions.
For further information, please contact:
The Company
Robert Hewitt (Chief Financial
Officer)
Scott Livingston (Chief Executive
Officer) +44 (0) 1932 400 224
AQSE Corporate Adviser and
Broker:
VSA Capital Limited
Andrew Raca
Matthew Harker +44 (0) 20 3005 5000
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END
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