TIDMCBG

RNS Number : 5458G

Close Brothers Group PLC

07 November 2018

 
 
 
 
   IFRS 9 Transition Report 
---------------------------

Close Brothers Group plc ("Close Brothers" or "the group") has today published an IFRS 9 transition report, now available to view on our website:

https://www.closebrothers.com/investor-relations/investor-information/results-reports-and-presentations

The report is designed to assist the reader in understanding the impact on Close Brothers of the adoption of IFRS 9 Financial Instruments, which replaces IAS 39 Financial Instruments: Recognition and Measurement.

The report provides further details on the implementation of IFRS 9 Financial Instruments and on the movement from IAS 39 reported numbers, as included in the Close Brothers Annual Report 2018. IFRS 9 is effective for the group from 1 August 2018.

There has been no change to the previously reported impact of IFRS 9 on the group's balance sheet and capital position at 1 August 2018, which remain as stated in the group's preliminary results announcement on 25 September 2018.

Enquiries

 
                      Close Brothers Group 
 Sophie Gillingham     plc                     020 7655 3844 
                      Close Brothers Group 
 Matt Bullivant        plc                     020 7655 3698 
  Andy Donald          Maitland                020 7379 5151

About Close Brothers

Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ around 3,300 people, principally in the UK. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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November 07, 2018 06:00 ET (11:00 GMT)

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