Update on the release of financial statements
30/05/2023 14:37
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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 +44 (0) 1932 400 224
Robert Hewitt (Chief Financial Officer)
Scott Livingston (Chief Executive Officer)
AQSE Corporate Adviser and Broker: +44 (0) 20 3005 5000
VSA Capital Limited
Andrew Raca
Matthew Harker
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