Last checked at 11 Sep 2023 15:30
11 September 2023
Agriterra Limited ('Agriterra' or the 'Company')
Agriterra Limited / Ticker: AGTA / Index: AIM / Sector: Agriculture
2023 Annual Accounts Timetable
Agriterra Limited, the AIM-quoted African agricultural company, provides the following update on its 2023 Annual Accounts timetable.
The Company now expects to report its 2023 Annual Report & Accounts (the "2023 Accounts") for the year ended 31 March 2023 during the course of October 2023. The delay in publishing the 2023 Accounts is predominantly due to the impact of the recent restructuring of operations in Mozambique delaying the provision of certain audit information to the Company's auditors in accordance with previously agreed timetables. Although substantially all of the information has now been provided, the Company's auditors no longer have sufficient resources and capacity to be allocated to the assignment and accordingly are not able to complete their work by the end of September 2023.
As a result of this delay, the Company is not able to comply with the requirements of AIM Rule 19 of the AIM Rules for Companies, which requires publication of the 2023 Accounts within 6 months of the year end. Accordingly, the Company's ordinary shares will be suspended from trading on AIM with effect from 7:30 a.m. on Monday 2 October 2023. The temporary suspension from trading on AIM will be lifted once the 2023 Accounts have been published (during October 2023, as noted above).
Notwithstanding the temporary suspension of trading in the Company's ordinary shares, the Company will continue to make announcements as and when there are any developments that require announcement in accordance with its obligations under the AIM Rules for Companies.
** ENDS **
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
For further information please visit www.agriterra-ltd.com or contact:
Agriterra Limited | Caroline Havers caroline@agriterra-ltd.com |
Strand Hanson Limited Nominated & Financial Adviser
| Ritchie Balmer / James Spinney +44 (0) 207 409 3494 |
Peterhouse Capital Limited Broker | Duncan Vasey / Eran Zucker +44 (0) 207 469 0930 |