REG-Panther Securities: Adoption of FRS 101 <Origin Href="QuoteRef">PNS.L</Origin>

Panther SecuritiesAnnouncement

29/02/2016 15:40

29 February 2016

                           Panther Securities P.L.C.                           

                     ("Panther", the "Company" or "Group")                     

    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, Panther is required to change
the accounting framework for its entity financial statements and those of its
subsidiaries, 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 current United Kingdom
registered subsidiaries adopt FRS 101 "Reduced Disclosure Framework", based on
International Financial Reporting Standards (IFRSs) 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 per cent. or more of the
total allotted shares of the Company in writing to Simon Peters, the Company's
Finance Director, at its registered office (Deneway House, 88-94 Darkes Lane,
Potters Bar, Hertfordshire EN6 1AQ) not later than 14 March 2016.

Panther'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.

ENQUIRIES:

Panther Securities P.L.C.                                             
                                                                      
Simon Peters, Group Finance Director        Tel: 01707 667 300        
                                                                      
Sanlam Securities UK Limited                                          
                                                                      
David Worlidge                              Tel: 020 7628 2200        
                                                                      



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