REG - Vesuvius plc - Annual Financial Report

VesuviusAnnouncement

04/04/2019 17:25

RNS Number : 2080V
Vesuvius plc
04 April 2019
 


Annual Financial Report
4 April 2019
Vesuvius plc
Annual Report and Accounts 31 December 2018
Vesuvius plc today posted its 2018 Annual Report and Accounts (the 'Annual Report') and 2019 Notice of Meeting to those shareholders who have requested them and they are available on Vesuvius' website at:
https://report2018.vesuvius.com
and at
https://www.vesuvius.com/en/investors/shareholder-information/shareholder--meetings.html
In accordance with Listing Rule 9.6.1, Vesuvius plc will shortly be submitting its Annual Report and other shareholder documents to the National Storage Mechanism. These documents should then be available for inspection within two working days at www.morningstar.co.uk/uk/nsm
The Company's 2019 Annual General Meeting will be held at The Lincoln Centre, 18 Lincoln's Inn Fields, London WC2A 3ED on Wednesday 15 May 2019 at 11.00am. 
This announcement contains the directors' responsibility statement as required for the purposes of compliance with DTR 6.3.5R (1) of the Disclosure and Transparency Rules. This information is extracted, in full unedited text, from the Annual Report. All the other information required by DTR 6.3.5 (1) was contained within the preliminary announcement of Vesuvius' results for the year ended 31 December 2018 released to the market on Thursday 28 February 2019. As disclosed in the preliminary announcement and in the 2018 Annual Report there are no related party transactions requiring disclosure. These announcements are not a substitute for reading the full Annual Report.
Enquiries:



Henry Knowles, General Counsel and Company Secretary


+44 (0) 20 7822 0000




Euan Drysdale, Group Head of Corporate Finance


+44 (0) 20 7822 0027




Virginia Skroski, Investor Relations Manager


+44 (0) 20 7822 0016



 
Appendix
Statement of Directors' Responsibilities in respect of the Annual Report and Financial Statements
 
The Directors are responsible for preparing the Annual Report and the Financial Statements in accordance with applicable law and regulation.
 
Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have prepared the Group financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union and Company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 101 "Reduced Disclosure Framework", and applicable law). Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and Company and of the profit or loss of the Group and Company for that period. In preparing the financial statements, the Directors are required to:
 
>>      select suitable accounting policies and then apply them consistently;
 
>>      state whether applicable IFRSs as adopted by the European Union have been followed for the Group financial statements and United Kingdom Accounting Standards, comprising FRS 101, have been followed for the Company financial statements, subject to any material departures disclosed and explained in the financial statements;
 
>>      make judgements and accounting estimates that are reasonable and prudent; and
 
>>      prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group and Company will continue in business.
 
The Directors are also responsible for safeguarding the assets of the Group and Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
 
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and Company and enable them to ensure that the financial statements and the Directors' Remuneration Report comply with the Companies Act 2006 and, as regards the Group financial statements, Article 4 of the IAS Regulation.
 
The Directors are responsible for the maintenance and integrity of the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
 
Directors' confirmations
 
The Directors consider that the Annual Report and Financial Statements, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess the Group and Company's position and performance, business model and strategy.
 
Each of the Directors, whose names and functions are listed in the Statement of Directors' Responsibilities confirm that, to the best of their knowledge:
 
>>      the Company financial statements, which have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 101 "Reduced Disclosure Framework", and applicable law), give a true and fair view of the assets, liabilities, financial position and profit of the Company;
 
>>      the Group financial statements, which have been prepared in accordance with IFRSs as adopted by the European Union, give a true and fair view of the assets, liabilities, financial position and profit of the Group; and
 
>>      the Strategic Report includes a fair review of the development and performance of the business and the position of the Group and Company, together with a description of the principal risks and uncertainties that it faces.
 
The Directors of Vesuvius plc who were in office during the year and up to the date of signing the financial statements were:
 



John McDonough CBE             


Chairman




Patrick André                           


Chief Executive




Guy Young


Chief Financial Officer




Christer Gardell


Non-executive Director




Hock Goh


Non-executive Director




Jane Hinkley


Non-executive Director








and Chairman of the








Remuneration Committee




Douglas Hurt


Non-executive Director, Senior








Independent Director and








Chairman of the Audit Committee




Holly Koeppel


Non-executive Director



 
On behalf of the Board
 
Guy Young
Chief Financial Officer
27 February 2019
 
 
Vesuvius plc, 165 Fleet Street, London EC4A 2AE
Registered in England and Wales No. 8217766
LEI: 213800ORZ521W585SY02
www.vesuvius.com




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