TIDMSVT
RNS Number : 7424H
Severn Trent PLC
12 June 2017
Severn Trent Plc - Annual Report and Annual General Meeting
Severn Trent Plc (the "Company") released its preliminary
announcement of annual results on 23 May 2017 ("Preliminary Results
Announcement").
Further to that announcement, the Company can now confirm that
the Annual Report and Accounts for the year ended 31 March 2017 are
available on the Company's website (at www.severntrent.com) and
that the 2017 Annual General Meeting ("AGM") will be held at 11am
on 19 July 2017 at the Ricoh Arena, Phoenix Way, Coventry CV6
6GE.
The Company further confirms that copies of the following
documents have been submitted to the National Storage Mechanism and
will shortly be available for inspection at:
http://www.morningstar.co.uk/uk/
-- Annual Report and Accounts 2017;
-- Notice of AGM; and
-- Form of Proxy.
The Annual Report and Accounts, together with the Notice of AGM
and Form of Proxy were posted to shareholders on 12 June 2017.
The Notice of Annual General Meeting is available to view
here:
https://www.severntrent.com/shareholder-resources/shareholder-meetings
These documents (with the exception of the Form of Proxy) are
available on the Company's website at www.severntrent.com.
The Annual Report and Accounts 2017 for Severn Trent Water
Limited will shortly be available to view on Severn Trent Water's
website at www.stwater.co.uk.
The Appendix to this announcement contains additional
information for the purposes of compliance with the Disclosure and
Transparency Rules and should be read together with the Preliminary
Results Announcement which included, inter alia, a condensed set of
the Company's financial statements and extracts from the management
report. Together these constitute the information required by DTR
6.3.5 to be communicated to media in full unedited text. This
announcement should be read in conjunction with and is not a
substitute for reading the full Annual Report and Accounts
2017.
The responsibility statement set out in the Appendix is repeated
here solely for the purpose of complying with DTR 6.3.5. The
responsibility statement relates to and is extracted from page 124
of the Annual Report and Accounts 2017. Responsibility is for the
full Annual Report and Accounts 2017 not the extracted information
presented in this announcement and the Preliminary Results
Announcement.
Please note the below revised timetable for the 2017/18 interim
dividend:
Ex Dividend Date (Final) 15 June 2017
--------------------------------- ----------------
Record Date (Final) 16 June 2017
--------------------------------- ----------------
AGM 19 July 2017
--------------------------------- ----------------
Q1 Trading Update 19 July 2017
--------------------------------- ----------------
Dividend Payment Date (Final) 21 July 2017
--------------------------------- ----------------
Half Year Results Announcement 23 November
2017/18 2017
--------------------------------- ----------------
Ex Dividend Date (Interim) 1 December 2017
--------------------------------- ----------------
Record Date (Interim) 2 December 2017
--------------------------------- ----------------
Dividend Payment Date (Final) 6 January 2018
--------------------------------- ----------------
Appendix
Directors' responsibility statement
The Directors are responsible for preparing the Annual Report
and the financial statements in accordance with applicable law and
regulations. Company law requires the Directors to prepare
financial statements for each financial year. Under that law the
Directors are required to prepare the Group financial statements in
accordance with International Financial Reporting Standards
('IFRSs') as adopted by the European Union and Article 4 of the IAS
Regulation and have elected to prepare the Company financial
statements in accordance with United Kingdom Generally Accepted
Practice (United Kingdom Accounting Standards and applicable law)
including FRS101 'Reduced Disclosure Framework'. Under company law
the Directors must not approve the accounts unless they are
satisfied that they give a true and fair view of the state of
affairs of the Company and of the profit or loss of the Company for
that period.
In preparing the parent company financial statements, the
Directors are required to:
-- select suitable accounting policies and then apply them consistently;
-- make judgements and accounting estimates that are reasonable and prudent;
-- state whether applicable UK Accounting Standards have been
followed, subject to any material departures disclosed and
explained in the financial statements; and
-- prepare the financial statements on the Going Concern basis
unless it is inappropriate to presume that the Company will
continue in business.
In preparing the Group financial statements, International
Accounting Standard 1 requires that Directors:
-- properly select and apply accounting policies;
-- present information, including accounting policies, in a
manner that provides relevant, reliable, comparable and
understandable information;
-- provide additional disclosures when compliance with the
specific requirements in IFRSs are insufficient to enable users to
understand the impact of particular transactions, other events and
conditions on the entity's financial position and financial
performance; and
-- make an assessment of the Company's ability to continue as a Going Concern.
The Directors are responsible for keeping adequate accounting
records that are sufficient to show and explain the Company's
transactions and disclose with reasonable accuracy at any time the
financial position of the Company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and
hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities.
The Directors are responsible for the maintenance and integrity
of the corporate and financial information included on the
Company's website. Legislation in the UK governing the preparation
and dissemination of financial statements may differ from
legislation in other jurisdictions.
Responsibility statement
Each of the Directors confirm that to the best of their
knowledge:
-- the financial statements, prepared in accordance with the
relevant financial reporting framework, give a true and fair view
of the assets, liabilities, financial position and profit or loss
of the Company and the undertakings included in the consolidation
taken as a whole; and
-- the Strategic report includes a fair review of the
development and performance of the business and the position of the
Company and the undertakings included in the consolidation taken as
a whole, together with a description of the principal risks and
uncertainties that they face.
-- the Annual Report and financial statements, taken as a whole,
are fair, balanced and understandable and provide the information
necessary for shareholders to assess the Company's position and
performance, business model and strategy.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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