Jangada Mines PLC Change in Financial Year End (3658A)
29 September 2020 - 4:00PM
UK Regulatory
TIDMJAN
RNS Number : 3658A
Jangada Mines PLC
29 September 2020
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector:
Mining
29 September 2020
Jangada Mines plc
Change in Financial Year End
Jangada Mines plc ('Jangada' or 'the Company'), a natural
resources company, announces that it is changing its financial year
end from 30 June to 31 December with immediate effect. This change
is driven by cost efficiencies in aligning its financial year end
to that of ValOre Metals Corp ('ValOre'), in which Jangada has a
current 17.68 per cent. interest in and representation on the
ValOre board, as well as that of Jangada's Brazilian
subsidiaries.
Upcoming reporting
In line with the guidance issued by AIM Regulation in an Inside
AIM notification dated 9 June 2020, and the ongoing COVID-19
related disruption to processes, the Company is availing of the one
month extension to the date by which it is required under AIM Rule
18 to publish its interim accounts for the six months ended 30 June
2020. Accordingly, the Company is required to publish its 2020
interim accounts by 31 October 2020.
Thereafter, Jangada commits to releasing its audited financial
statements and annual report for the eighteen months ended 31
December 2020 by the end of Q1 2021. From then on, the Company's
financial reporting will be in line with AIM Rules 18 and 19.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
**ENDS**
For further information please visit www.jangadamines.com or
contact:
Jangada Mines plc Brian McMaster (Chairman) Tel: +44 (0) 20 7317
6629
Strand Hanson Limited James Spinney Tel: +44 (0)20 7409
(Nominated & Financial Ritchie Balmer 3494
Adviser) Jack Botros
Brandon Hill Capital Jonathan Evans Tel: +44 (0)20 3463
(Broker) Oliver Stansfield 5000
St Brides Partners Charlotte Page Tel: +44 (0)20 7236
Ltd Beth Melluish 1177
(Financial PR)
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END
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