Last checked at 29 Apr 2020 16:45
Tuesday 29 April, 2020
Mustang Energy PLC
29 April 2020
Mustang Energy PLC
("MUST" or "the Company")
(LSE: MUST)
Full Year Results deferral in response to FCA and FRC Guidelines
MUST announces that it is utilising the temporary relief measures implemented by the Financial Conduct Authority ("FCA") and the Financial Reporting Council ("FRC") regarding the publication of annual financial results during the COVID-19 pandemic (the "FCA exemption"); thereby deferring the publication of its audited financial results for the year ending 31 December 2019 ("2019 Accounts"). The maximum delay permitted by the FCA exemption is two months; hence, following the deferral, the Company's reporting timetable for the 2019 Accounts means they must be published by no later than 30 June 2020.
Notwithstanding this permitted timeframe, MUST intends on publishing the 2019 Accounts within the next 7 days.
The announcement from the FCA and FRC may be viewed here:
https://www.fca.org.uk/news/statements/delaying-annual-company-accounts-coronavirus
ABOUT THE COMPANY
MUST aims to use strong management experience and relationships to acquire interests in low cost, low risk development projects that possess significant undeveloped upside with access to existing infrastructure.
ENQUIRIES
For further information, please visit www.mustangplc.com, follow us on Twitter @Mustang_Plc, or contact:
Mustang Energy PLC
Dean Gallegos, Managing Director
dg@mustangplc.com
+61 416 220 007
Optiva Securities (Broker)
Jeremy King
Jeremy.king@optivasecurities.com
+44(0)203 137 1904