Kennedy Ventures PLC Notice of final results - Delay and Suspension (0915A)
21 December 2017 - 11:00PM
UK Regulatory
TIDMKENV
RNS Number : 0915A
Kennedy Ventures PLC
21 December 2017
21 December 2017
Kennedy Ventures plc
Notice of final results - Delay and Suspension
Kennedy Ventures plc ("Kennedy Ventures" or "the Company), the
AIM quoted investment company who, through its stake in African
Tantalum (Pty) Limited ("Aftan"), has an interest in the Namibia
Tantalite Investment Mine in Namibia, announces that it will not be
in a position to publish its audited accounts for the year ended 30
June 2017 before the deadline of 31 December 2017, as required by
the AIM Rules for Companies. As a result, the Company's shares have
been suspended from trading with immediate effect and will remain
suspended until such time as the Company is in a position to
publish its audited accounts.
The work to complete the Company's accounts is substantially
complete however, the associated technical complexities of the
adoption of IFRS has led to a delay in the production of Kennedy's
Namibian subsidiaries accounts. This, coupled with the closure of
the offices of the Namibian auditors BDO until 8 January 2018,
means that the Company will not be able to meet the deadline of 31
December 2017.
The Company's current cash position is GBP2.4 million and the
Board views the future with confidence.
Kennedy Ventures plc
Larry Johnson (CEO), c/o Camarco Tel: +44 (0)203
757 4983
finnCap (Nominated Adviser Tel: +44 (0)20
and Joint broker) 7220 0500
Christopher Raggett / Scott
Mathieson / Anthony Adams (corporate
finance)
Simon Johnson (corporate broking)
Shore Capital (Joint broker) Tel: +44 (0) 207
Mark Percy / Toby Gibbs (corporate 408 4090
finance)
Jerry Keen (corporate broking)
Camarco (PR) Tel: +44 (0) 203
Gordon Poole / Billy Clegg 757 4980
James Crothers
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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